Sysco (NYSE:SYY) Price Target Lowered to $72.00 at Citigroup

Sysco (NYSE:SYY) had its price target cut by Citigroup from $88.00 to $72.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently issued reports on SYY. Weiss Ratings raised Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 24th. UBS Group increased their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Argus raised Sysco to a “hold” rating in a research report on Thursday, January 29th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, JPMorgan Chase & Co. upped their price target on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Sysco has an average rating of “Moderate Buy” and an average target price of $89.08.

Sysco Price Performance

Shares of SYY opened at $71.28 on Tuesday. Sysco has a twelve month low of $67.12 and a twelve month high of $91.85. The firm’s fifty day simple moving average is $84.63 and its 200-day simple moving average is $79.47. The firm has a market capitalization of $34.14 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.15 and a beta of 0.58. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45.

Sysco (NYSE:SYY) last released 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. The business had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Equities analysts forecast that Sysco will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, April 2nd. Sysco’s dividend payout ratio (DPR) is 58.06%.

Insider Buying and Selling

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

Institutional Trading of Sysco

Hedge funds have recently made changes to their positions in the company. Gateway Investment Advisers LLC lifted its holdings in shares of Sysco by 594.8% in the 3rd quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock valued at $7,050,000 after buying an additional 73,298 shares during the period. AE Wealth Management LLC grew its holdings in Sysco by 320.9% during the third quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock worth $6,553,000 after acquiring an additional 60,680 shares during the period. Krilogy Financial LLC raised its position in Sysco by 65.6% in the third quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock worth $3,494,000 after acquiring an additional 16,807 shares in the last quarter. Accurate Wealth Management LLC purchased a new position in Sysco in the third quarter worth $2,497,000. Finally, Carrera Capital Advisors acquired a new stake in Sysco in the third quarter valued at $3,611,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Trending Headlines about Sysco

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Deal expands Sysco into cash‑and‑carry and is forecast by some analysts to be EPS‑accretive with synergies and stronger free cash flow over time. SYY’s Jetro Deal Opens a New Growth Path in Cash & Carry
• Positive Sentiment: Company positioned to buy real estate/warehouse scale it couldn’t build quickly — operational leverage and faster network expansion could improve margins long term. Sysco is Buying the Warehouse It Could Never Build
• Neutral Sentiment: Deal mechanics: ~$29.1B enterprise value (≈$21.6B cash + 91.5M Sysco shares), expected close by mid‑to‑late 2027, and subject to regulatory approval — factual items that set the timeline and execution risk. Sysco to Acquire Jetro Restaurant Depot
• Neutral Sentiment: Analyst landscape is mixed: Wall‑street support for strategic rationale exists (multiple buy/overweight ratings earlier), but some firms are revising models while others flag the long time horizon to prove the thesis. Sysco Receives Consensus Rating
• Negative Sentiment: Citi and other shops cut targets and flagged the large incremental debt and near‑term leverage; Citi lowered its target to $72 and kept a Neutral rating — pressure on credit metrics and a pause to buybacks are key investor concerns. Sysco Receives a Downgrade From Citi Due to Debt Load
• Negative Sentiment: Market reaction: shares sold off on worries about heavy debt financing, potential dilution, integration/regulatory risk and the company pausing buybacks to de‑lever — short‑term downside risk until execution/credit path is clearer. Sysco shares slide as investors digest leverage and dilution

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.