Sysco (NYSE:SYY – Free Report) had its price objective decreased by Citigroup from $88.00 to $72.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.
A number of other equities analysts also recently issued reports on the company. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Guggenheim reaffirmed a “buy” rating on shares of Sysco in a research note on Thursday, March 5th. Wells Fargo & Company increased their target price on shares of Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. Finally, Piper Sandler boosted their price target on shares of Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.31.
Sysco Stock Down 1.6%
Sysco (NYSE:SYY – Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping 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 return on equity of 109.21% and a net margin of 2.17%.Sysco’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Sell-side analysts expect that Sysco will post 4.58 earnings per share for the current year.
Sysco Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be paid a dividend of $0.54 per share. 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 is 58.06%.
Insider Transactions at Sysco
In related news, Director Sheila Talton sold 2,801 shares of the firm’s 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.56% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Sysco by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company’s stock worth $4,591,281,000 after purchasing an additional 814,270 shares during the last quarter. State Street Corp lifted its holdings in shares of Sysco by 0.9% during the 3rd quarter. State Street Corp now owns 26,669,576 shares of the company’s stock valued at $2,195,973,000 after purchasing an additional 246,542 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Sysco by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 18,360,707 shares of the company’s stock valued at $1,511,821,000 after purchasing an additional 46,040 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Sysco by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 12,728,692 shares of the company’s stock worth $934,391,000 after purchasing an additional 131,659 shares in the last quarter. Finally, Norges Bank purchased a new position in Sysco during the 4th quarter worth $542,780,000. Institutional investors own 83.41% of the company’s stock.
Key Headlines 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.
See Also
Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter.
