Sysco Corporation (SYY) – What Are Analysts Saying About This Stock?

Shares of Sysco Corporation (NYSE:SYY) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $90.42.

A number of equities research analysts have recently weighed in on SYY shares. Morgan Stanley boosted their price objective on shares of Sysco from $88.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. JPMorgan Chase & Co. cut their price objective on Sysco from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Melius Research cut Sysco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th. Piper Sandler lifted their price objective on shares of Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Sysco from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 15th.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald Phillips sold 7,350 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $83.61, for a total value of $614,533.50. Following the sale, the executive vice president owned 38,650 shares in the company, valued at approximately $3,231,526.50. This represents a 15.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 15,525 shares of company stock valued at $1,299,736 over the last three months. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Sysco

Several institutional investors have recently made changes to their positions in SYY. BlackRock Inc. acquired a new position in shares of Sysco in the second quarter worth about $3,596,356,000. Bank of America Corp DE purchased a new position in shares of Sysco in the 2nd quarter valued at about $482,589,000. Primecap Management Co. CA acquired a new position in Sysco in the 2nd quarter worth about $313,503,000. Bank of New York Mellon Corp acquired a new position in Sysco in the 2nd quarter worth about $273,323,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Sysco in the 2nd quarter worth about $203,861,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

Sysco Trading Down 1.1%

Shares of NYSE:SYY opened at $82.00 on Friday. The business’s 50-day moving average is $80.52 and its 200 day moving average is $79.18. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77. Sysco has a 1 year low of $68.19 and a 1 year high of $91.85. The firm has a market capitalization of $40.34 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.84 and a beta of 0.64.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.02. The business had revenue of $22.12 billion during the quarter, compared to the consensus estimate of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, research analysts predict that Sysco will post 5.10 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 2nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 2nd. Sysco’s dividend payout ratio (DPR) is currently 60.11%.

About Sysco

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.