Sysco Corporation (NYSE:SYY) Receives $88.15 Consensus Target Price from Analysts

Sysco Corporation (NYSE:SYY) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $88.1538.

A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. upped their target price on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Argus raised shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. Truist Financial upped their target price on shares of Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings cut shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th.

Sysco Stock Performance

NYSE:SYY opened at $75.42 on Wednesday. The firm’s 50-day moving average is $75.65 and its 200-day moving average is $78.10. Sysco has a 52-week low of $68.19 and a 52-week high of $91.85. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market cap of $36.06 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 3.12 and a beta of 0.66.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The company had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities research analysts anticipate that Sysco will post 4.59 earnings per share for the current year.

Sysco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors 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 is an increase from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Sysco’s payout ratio is presently 59.83%.

Institutional Trading of Sysco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. bought a new stake in Sysco in the third quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new position in Sysco in the fourth quarter valued at about $25,000. Motiv8 Investments LLC acquired a new position in Sysco in the fourth quarter valued at about $25,000. Sunbelt Securities Inc. boosted its position in Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after buying an additional 170 shares in the last quarter. Finally, Torren Management LLC acquired a new position in Sysco in the fourth quarter valued at about $27,000. Institutional investors own 83.41% of the company’s stock.

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.