Sysco (NYSE:SYY) Upgraded at Wall Street Zen

Sysco (NYSE:SYY) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

SYY has been the subject of a number of other reports. Truist Financial increased their target price on shares of Sysco from $90.00 to $94.00 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 report on Wednesday, January 28th. Argus upgraded shares of Sysco to a “hold” rating in a research report on Thursday, January 29th. Morgan Stanley reduced their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Finally, UBS Group reduced their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sysco has an average rating of “Moderate Buy” and a consensus target price of $87.85.

Sysco Price Performance

Shares of NYSE SYY opened at $72.86 on Friday. The firm has a 50-day simple moving average of $83.48 and a 200-day simple moving average of $79.02. The stock has a market capitalization of $34.89 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.71 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. Sysco has a 52 week low of $68.00 and a 52 week high of $91.85.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities analysts predict that Sysco will post 4.58 earnings per share for the current fiscal year.

Insider Activity

In other Sysco news, 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 completion of the transaction, the director owned 12,868 shares of the company’s stock, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Sysco

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Sysco during the fourth quarter worth approximately $542,780,000. Wellington Management Group LLP raised its holdings in Sysco by 3,977.1% during the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock worth $387,935,000 after purchasing an additional 4,595,819 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Sysco by 45.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,651,682 shares of the company’s stock worth $416,472,000 after acquiring an additional 1,754,306 shares during the last quarter. Mondrian Investment Partners LTD purchased a new position in shares of Sysco during the third quarter worth approximately $142,237,000. Finally, Marshall Wace LLP grew its position in shares of Sysco by 102.6% during the third quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock worth $194,279,000 after acquiring an additional 1,194,815 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

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.