Sysco Corporation (NYSE:SYY) Stock Has Consensus Price Target of $90.42 According to Brokerages

Shares of Sysco Corporation (NYSE:SYY) have been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $90.42.

A number of research firms have commented on SYY. Melius Research cut shares of Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Citigroup upped their price objective on shares of Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. UBS Group increased their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. cut their price objective on shares of Sysco from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Finally, Guggenheim restated a “buy” rating and issued a $90.00 target price on shares of Sysco in a research note on Wednesday, September 16th.

Insider Activity at Sysco

In other news, EVP Ronald Phillips sold 960 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $83.00, for a total transaction of $79,680.00. Following the completion of the sale, the executive vice president directly owned 49,852 shares of the company’s stock, valued at $4,137,716. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 have sold 15,525 shares of company stock worth $1,299,736 over the last ninety days. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Sysco

Large investors have recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC bought a new stake in shares of Sysco in the 2nd quarter worth $29,000. Sunbelt Securities Inc. lifted its position in shares of Sysco by 87.6% during the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Markowski Investments bought a new position in shares of Sysco during the second quarter valued at about $31,000. Parvin Asset Management LLC purchased a new position in Sysco during the second quarter worth about $32,000. Finally, Tacita Capital Inc purchased a new position in Sysco during the second quarter worth about $35,000. Institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.6%

Shares of SYY stock opened at $81.70 on Friday. The company has a market cap of $40.19 billion, a P/E ratio of 17.83, a PEG ratio of 2.81 and a beta of 0.64. The stock has a 50 day simple moving average of $80.60 and a two-hundred day simple moving average of $79.03. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. Sysco has a fifty-two week low of $68.19 and a fifty-two week high of $91.85.

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. The firm had revenue of $22.12 billion for the quarter, compared to analysts’ expectations of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 EPS. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Research analysts forecast that Sysco will post 5.10 earnings per share for the current year.

Sysco Announces Dividend

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

Sysco Company Profile

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.