Sysco (NYSE:SYY) Cut to “Hold” at Wall Street Zen

Sysco (NYSE:SYY) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

A number of other research analysts have also recently commented on the company. Morgan Stanley cut their target price on Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Piper Sandler raised their price target on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Jefferies Financial Group upped their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Finally, Truist Financial lifted their target price on Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Sysco Price Performance

Sysco stock opened at $85.30 on Friday. Sysco has a 12-month low of $67.12 and a 12-month high of $91.85. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. The firm has a 50-day moving average price of $82.35 and a 200-day moving average price of $79.35. The firm has a market capitalization of $40.85 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.65 and a beta of 0.58.

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

Insider Activity

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were 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 SEC, which can be accessed through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Sysco

Several institutional investors have recently bought and sold shares of SYY. Jackson Grant Investment Advisers Inc. purchased a new position in Sysco during the 3rd quarter worth $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Sysco in the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new stake in Sysco in the 4th quarter worth approximately $25,000. Harbor Capital Advisors Inc. grew its position in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in Sysco during the 4th quarter worth approximately $27,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

About Sysco

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.