Sysco Corporation (NYSE:SYY) Receives $87.00 Consensus Target Price from Brokerages

Shares of Sysco Corporation (NYSE:SYY) have received an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $87.00.

A number of analysts have recently weighed in on SYY shares. Sanford C. Bernstein assumed coverage on shares of Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price target for the company. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Citigroup dropped their target price on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Barclays upped their target price on shares of Sysco from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley set a $88.00 price target on Sysco in a research note on Tuesday, October 21st.

Sysco Stock Down 1.9%

Shares of NYSE SYY opened at $74.46 on Wednesday. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 1.15. Sysco has a 1 year low of $67.12 and a 1 year high of $83.47. The stock’s 50-day simple moving average is $77.43 and its 200-day simple moving average is $77.65. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.19 and a beta of 0.61.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. Sysco’s revenue for the quarter was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts anticipate that Sysco will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, January 2nd. Sysco’s payout ratio is 57.91%.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 961 shares of Sysco stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the transaction, the executive vice president owned 41,501 shares of the company’s stock, valued at $3,361,581. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Sysco during the second quarter worth about $493,686,000. Wellington Management Group LLP grew its holdings in shares of Sysco by 3,977.1% during the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after purchasing an additional 4,595,819 shares during the last quarter. Boston Partners raised its position in shares of Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after purchasing an additional 3,015,714 shares during the period. Mondrian Investment Partners LTD bought a new stake in shares of Sysco in the 3rd quarter worth approximately $142,237,000. Finally, Vanguard Group Inc. boosted its position in Sysco by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock valued at $4,748,230,000 after purchasing an additional 1,226,381 shares during the period. 83.41% of the stock is currently owned by institutional investors.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.