Sysco Corporation (NYSE:SYY) Receives Average Rating of “Hold” from Analysts

Sysco Corporation (NYSE:SYY) has been assigned a consensus recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $89.50.

SYY has been the subject of several recent research reports. Morgan Stanley boosted their price target on Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Sanford C. Bernstein cut their target price on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Barclays cut their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Citigroup raised their price target on Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday.

Sysco Stock Performance

Shares of Sysco stock opened at $84.10 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.28 and a debt-to-equity ratio of 4.62. Sysco has a 12 month low of $68.19 and a 12 month high of $91.85. The business has a fifty day simple moving average of $81.30 and a 200-day simple moving average of $80.39. The stock has a market cap of $40.26 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business had revenue of $22.12 billion during the quarter, compared to analyst estimates of $21.95 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. 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, sell-side analysts anticipate that Sysco will post 5.1 EPS for the current fiscal year.

Insider Transactions at Sysco

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the purchase, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This represents a 49.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lloyd Advisory Services LLC. acquired a new stake in Sysco in the 4th quarter valued at $25,000. Motiv8 Investments LLC bought a new position in Sysco during the fourth quarter worth $25,000. Sunbelt Securities Inc. grew its stake in Sysco by 87.6% in the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after buying an additional 170 shares during the last quarter. Torren Management LLC acquired a new position in shares of Sysco in the fourth quarter valued at approximately $27,000. Finally, Bard Associates Inc. bought a new stake in shares of Sysco in the fourth quarter valued at about $27,000. 83.41% of the stock is currently owned by institutional investors.

About Sysco

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.