Sysco (NYSE:SYY) Updates FY 2026 Earnings Guidance

Sysco (NYSE:SYY) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.600-4.600 for the period, compared to the consensus estimate of 4.570. The company issued revenue guidance of -, compared to the consensus revenue estimate of $84.5 billion.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SYY shares. Morgan Stanley dropped their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Citigroup cut their price target on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th. Piper Sandler decreased their price objective on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Finally, Barclays lifted their target price on shares of Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.75.

Sysco Stock Up 4.0%

Shares of Sysco stock opened at $79.23 on Tuesday. Sysco has a 1 year low of $67.12 and a 1 year high of $83.47. The firm has a market cap of $37.94 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.51 and a beta of 0.61. The company has a 50-day moving average of $74.98 and a 200 day moving average of $77.73. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.65.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Sysco had a net margin of 2.21% and a return on equity of 112.04%. During the same quarter in the prior year, the business earned $0.93 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, sell-side analysts anticipate that Sysco will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s payout ratio is 57.91%.

Institutional Trading of Sysco

Institutional investors have recently bought and sold shares of the company. Equitable Holdings Inc. grew its stake in shares of Sysco by 4.2% in the third quarter. Equitable Holdings Inc. now owns 4,520 shares of the company’s stock worth $372,000 after acquiring an additional 183 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Sysco by 1.7% in the third quarter. Integrated Wealth Concepts LLC now owns 12,003 shares of the company’s stock worth $988,000 after purchasing an additional 195 shares during the last quarter. Lido Advisors LLC grew its position in Sysco by 1.7% in the 3rd quarter. Lido Advisors LLC now owns 13,354 shares of the company’s stock worth $1,100,000 after purchasing an additional 227 shares during the period. Johnson Financial Group Inc. raised its stake in Sysco by 70.7% during the 3rd quarter. Johnson Financial Group Inc. now owns 565 shares of the company’s stock valued at $47,000 after buying an additional 234 shares during the last quarter. Finally, Brown Financial Advisors lifted its holdings in shares of Sysco by 3.9% during the 2nd quarter. Brown Financial Advisors now owns 6,417 shares of the company’s stock valued at $486,000 after buying an additional 242 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

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.