Sysco (NYSE:SYY – Free Report) had its price target lowered by UBS Group from $95.00 to $90.00 in a research report sent to investors on Thursday,Benzinga reports. UBS Group currently has a buy rating on the stock.
Several other research firms have also recently weighed in on SYY. Guggenheim cut their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley lowered 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. Sanford C. Bernstein set a $90.00 price target on shares of Sysco and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Piper Sandler lifted their price objective on shares of Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.31.
Get Our Latest Stock Analysis on Sysco
Sysco Stock Performance
Sysco (NYSE:SYY – Get Free Report) last posted its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. During the same quarter last year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, analysts expect that Sysco will post 4.58 EPS for the current fiscal year.
Sysco Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis 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 Activity
In other news, Director Sheila Talton sold 2,801 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the transaction, the director directly owned 12,868 shares in the company, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Sysco
Large investors have recently bought and sold shares of the stock. Gateway Investment Advisers LLC grew its holdings in shares of Sysco by 594.8% during the third 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 last quarter. AE Wealth Management LLC increased its position in shares of Sysco by 320.9% during the third quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock valued at $6,553,000 after acquiring an additional 60,680 shares in the last quarter. Krilogy Financial LLC raised its holdings in Sysco by 65.6% in the 3rd 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 during the last quarter. Accurate Wealth Management LLC bought a new position in Sysco in the 3rd quarter valued at approximately $2,497,000. Finally, Carrera Capital Advisors bought a new position in Sysco in the 3rd quarter valued at approximately $3,611,000. 83.41% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Sysco
Here are the key news stories impacting Sysco this week:
- Positive Sentiment: Several sell‑side firms kept “buy” ratings and still see meaningful upside despite trimming price targets, suggesting institutional conviction that the deal can create value. UBS/Guggenheim price target updates (Benzinga)
- Positive Sentiment: Unusually heavy call‑option activity points to some investors betting on a rebound, indicating pockets of bullish positioning that could support the stock if sentiment stabilizes. Stock Traders Purchase High Volume of Call Options on Sysco
- Positive Sentiment: Some analysts and commentators argue the Jetro acquisition is strategically attractive — faster growth and higher margins — framing the deal as a long‑term positive if integration and leverage are managed. Sysco: Jetro Restaurant Depot Acquisition Is A Long-Term Win
- Neutral Sentiment: Multiple articles note SYY is deeply oversold after the drop and frame the pullback as a potential “buy the dip” opportunity — useful for value traders but dependent on deal and credit outcomes. Sysco and Estée Lauder Are the 2 Most Oversold S&P 500 Stocks
- Neutral Sentiment: Coverage is mixed: some outlets urge reconsideration after the slide while others highlight analyst disagreement — expect divergent views to persist until more integration and financing details are provided. Analysts Conflicted on These Consumer Goods Names
- Negative Sentiment: The $29.1B Jetro purchase is the primary driver of today’s sell‑off: markets are focused on the incremental debt, sharply higher leverage, potential share dilution and a negative S&P credit outlook — all of which increase short‑term risk and pushed the stock sharply lower. Sysco Just Announced a $29.1 Billion Acquisition and Wall Street Is Nervous
- Negative Sentiment: Citi and other brokers trimmed targets or reiterated caution even while acknowledging the deal could be accretive — these downgrades/target cuts contributed to the negative sentiment surrounding financing and near‑term returns. Citi lowers Sysco (SYY) target despite “accretive” deal outlook
- Negative Sentiment: Management turnover: the resignation of the Chief Information & Digital Officer adds operational uncertainty during a major M&A integration phase, which investors view negatively. Sysco Announces Resignation of Chief Information and Digital Officer
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.
Further Reading
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