Sysco Corporation (NYSE:SYY) Given Consensus Rating of “Moderate Buy” by Analysts

Sysco Corporation (NYSE:SYY) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $89.3846.

Several equities research analysts recently issued reports on SYY shares. Jefferies Financial Group lifted their price target on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Barclays boosted their price objective on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Guggenheim raised their price objective on Sysco from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company raised their price objective on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th.

Sysco Price Performance

Shares of SYY stock opened at $86.52 on Monday. The firm has a fifty day moving average of $76.50 and a 200-day moving average of $78.11. Sysco has a 12-month low of $67.12 and a 12-month high of $86.72. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The firm has a market capitalization of $41.44 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 2.69 and a beta of 0.61.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities research analysts forecast that Sysco will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is currently 58.06%.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the transaction, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares in the company, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their position. The SEC filing for this sale provides additional information. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sysco

Institutional investors have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Sysco in the 3rd quarter worth $25,000. Harbor Capital Advisors Inc. grew its holdings in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of Sysco in the 4th quarter worth approximately $25,000. Peterson Wealth Services boosted its position in shares of Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after buying an additional 324 shares during the period. Finally, Torren Management LLC bought a new stake in shares of Sysco during the fourth quarter valued at approximately $27,000. 83.41% of the stock is owned by institutional investors.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.