Sysco (NYSE:SYY) Sets New 1-Year High – Here’s What Happened

Sysco Corporation (NYSE:SYY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $85.34 and last traded at $84.3250, with a volume of 156707 shares traded. The stock had previously closed at $84.62.

Analysts Set New Price Targets

Several analysts have commented on SYY shares. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Truist Financial boosted their price target on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Citigroup upped their price objective on Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group raised their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and an average target price of $89.38.

Sysco Trading Up 2.2%

The company’s fifty day simple moving average is $76.50 and its 200-day simple moving average is $78.14. The firm has a market capitalization of $41.44 billion, a PE ratio of 23.26, a P/E/G ratio of 2.63 and a beta of 0.61. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The firm had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’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. As a group, sell-side analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.5%. Sysco’s payout ratio is presently 58.06%.

Insider Activity

In other Sysco news, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the sale, the director owned 12,868 shares in the company, valued at $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares in the company, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by company insiders.

Institutional Trading of Sysco

Several hedge funds have recently modified their holdings of SYY. EverSource Wealth Advisors LLC raised its stake in Sysco by 73.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,714 shares of the company’s stock valued at $421,000 after buying an additional 2,411 shares in the last quarter. Legato Capital Management LLC increased its holdings in shares of Sysco by 26.1% in the 4th quarter. Legato Capital Management LLC now owns 39,571 shares of the company’s stock valued at $2,916,000 after acquiring an additional 8,189 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Sysco in the 4th quarter valued at $25,000. Advisory Alpha LLC raised its stake in Sysco by 5.8% during the 4th quarter. Advisory Alpha LLC now owns 5,551 shares of the company’s stock worth $409,000 after acquiring an additional 305 shares in the last quarter. Finally, Evoke Wealth LLC raised its stake in Sysco by 22.8% during the 4th quarter. Evoke Wealth LLC now owns 6,809 shares of the company’s stock worth $502,000 after acquiring an additional 1,266 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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.