Sysco Corporation (NYSE:SYY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Sysco Corporation (NYSE:SYY) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $87.8462.

Several research analysts have commented on the stock. Truist Financial upped their target price on shares of Sysco from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Barclays upped their target price on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of Sysco from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Citigroup reduced their price target on shares of Sysco from $88.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, March 31st. Finally, UBS Group reduced their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd.

Insider Buying and Selling

In other news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction that occurred 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 approximately $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Sysco

Institutional investors have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Sysco in the 3rd quarter worth approximately $25,000. Harbor Capital Advisors Inc. raised its holdings in shares of Sysco by 75.0% in 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 in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Sysco in the 4th quarter worth approximately $25,000. Motiv8 Investments LLC bought a new stake in shares of Sysco in the 4th quarter worth approximately $25,000. Finally, Peterson Wealth Services raised its holdings in shares of Sysco by 875.7% in the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after purchasing an additional 324 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Price Performance

NYSE SYY opened at $76.59 on Friday. Sysco has a 52 week low of $68.00 and a 52 week 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 stock has a market cap of $36.68 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.74 and a beta of 0.69. The company has a 50-day moving average price of $81.19 and a two-hundred day moving average price of $78.54.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, January 27th. The company reported $0.99 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 firm had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. Sysco’s quarterly revenue was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Analysts forecast that Sysco will post 4.59 EPS for the current year.

Sysco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio (DPR) is currently 59.14%.

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.