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

Sysco (NYSE:SYY) had its price objective reduced by analysts at JPMorgan Chase & Co. from $100.00 to $95.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 20.86% from the company’s current price.

A number of other research firms have also weighed in on SYY. Morgan Stanley increased their price objective on Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Melius Research lowered shares of Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Weiss Ratings raised shares of Sysco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Finally, Guggenheim reissued a “buy” rating and issued a $90.00 price target on shares of Sysco in a report on Wednesday, September 16th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.17.

Sysco Trading Up 0.0%

Shares of SYY traded up $0.03 during trading hours on Tuesday, hitting $78.60. The company had a trading volume of 351,251 shares, compared to its average volume of 4,087,710. Sysco has a 52-week low of $68.19 and a 52-week high of $91.85. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62. The stock’s 50 day moving average price is $82.08 and its 200 day moving average price is $79.30. The firm has a market cap of $37.70 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.75 and a beta of 0.63.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The company had revenue of $22.12 billion during the quarter, compared to analysts’ expectations of $21.95 billion. During the same period in the prior year, the business posted $1.48 EPS. Sysco’s quarterly 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, research analysts predict that Sysco will post 5.07 EPS for the current year.

Insider Activity at Sysco

In related news, EVP Ronald Phillips sold 7,350 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $83.61, for a total value of $614,533.50. Following the completion of the sale, the executive vice president owned 38,650 shares of the company’s stock, valued at $3,231,526.50. This trade represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 sold a total of 15,525 shares of company stock worth $1,299,736 in the last ninety days. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. boosted its position in Sysco by 87.6% during the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. Bard Associates Inc. bought a new position in Sysco in the fourth quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new position in Sysco during the second quarter valued at $29,000. Markowski Investments bought a new stake in shares of Sysco during the 2nd quarter valued at $31,000. Finally, Evolution Wealth Management Inc. boosted its holdings in shares of Sysco by 257.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 447 shares of the company’s stock valued at $32,000 after buying an additional 322 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

About Sysco

Sysco Corporation is a global foodservice distributor headquartered in Houston, Texas. The company supplies restaurants, hotels, healthcare facilities, educational institutions, government organizations and other foodservice customers with a broad range of products and related services.

Sysco’s offerings include fresh and frozen foods, meat and seafood, dairy products, produce, canned and dry goods, beverages, specialty and international foods, and prepared and ready-to-use items. The company also distributes nonfood products such as kitchen equipment, tableware, cleaning supplies and other operating supplies.