Sysco (NYSE:SYY) Stock Price Target Lowered at JPMorgan Chase & Co.

Sysco (NYSE:SYY) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $95.00 to $92.00 in a report released on Wednesday. JPMorgan Chase & Co.‘s target price points to a potential upside of 20.14% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Piper Sandler boosted their price objective on shares of Sysco from $77.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings lowered shares of Sysco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Morgan Stanley lifted their target price on shares of Sysco from $88.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Citigroup reiterated a “neutral” rating on shares of Sysco in a research report on Monday, October 26th. Finally, UBS Group increased their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sysco presently has an average rating of “Moderate Buy” and an average target price of $91.33.

Sysco Trading Up 3.3%

NYSE SYY traded up $2.47 on Wednesday, hitting $76.58. The company’s stock had a trading volume of 2,537,829 shares, compared to its average volume of 4,010,545. Sysco has a 52-week low of $68.19 and a 52-week high of $91.85. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62. The company’s 50-day simple moving average is $80.30 and its 200 day simple moving average is $80.52. The firm has a market cap of $37.67 billion, a P/E ratio of 20.92, a PEG ratio of 2.30 and a beta of 0.66.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, November 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.19. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $22.02 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.15 earnings per share. Research analysts predict that Sysco will post 5.09 EPS for the current fiscal year.

Insider Activity at Sysco

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

Institutional Investors Weigh In On Sysco

Several hedge funds have recently bought and sold shares of the business. N.E.W. Advisory Services LLC purchased a new stake in shares of Sysco in the 2nd quarter worth approximately $29,000. Salomon & Ludwin LLC raised its stake in Sysco by 718.6% during the third quarter. Salomon & Ludwin LLC now owns 352 shares of the company’s stock valued at $27,000 after buying an additional 309 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Markowski Investments purchased a new stake in shares of Sysco in the second quarter worth $31,000. Finally, Parvin Asset Management LLC bought a new position in shares of Sysco during the second quarter valued at $32,000. Institutional investors own 83.41% of the company’s stock.

Key Stories Impacting Sysco

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Sysco reported adjusted EPS of $1.19, up from $1.15 a year earlier, and reaffirmed its fiscal 2027 adjusted EPS growth outlook of 9%–11%. Local case volume rose 2.7%, while margin gains helped support earnings. Sysco Q1 results
• Positive Sentiment: Management said its AI transformation program is aimed at generating $100 million in savings in fiscal 2027, offering a potential efficiency and margin tailwind if delivered. Sysco: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Sysco named longtime company executive Brandon Sewell its CFO after he served as interim CFO. The appointment provides leadership continuity, though it was not a major change to the operating outlook. Sysco names Brandon Sewell CFO
• Negative Sentiment: Quarterly revenue of $21.74 billion fell short of the $22.02 billion analyst estimate, despite increasing 2.8% year over year. Reports also pointed to softer sales guidance and a cyclosporiasis outbreak that hurt first-quarter sales, adding to investor concerns about near-term growth. Reuters: Outbreak hit Q1 sales
• Negative Sentiment: Sysco’s planned $29.1 billion acquisition has raised concerns about deal-related costs and execution, which may have contributed to the market’s cautious reaction alongside the sales miss. Sysco under pressure on acquisition costs and sales guidance

About Sysco

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.