SYSCO (NYSE:SYY) had its price target lowered by BMO Capital Markets from $81.00 to $79.00 in a research note issued to investors on Tuesday morning. BMO Capital Markets currently has a buy rating on the stock.

Several other research firms have also weighed in on SYY. Pivotal Research increased their target price on shares of SYSCO from $58.00 to $62.00 and gave the stock a sell rating in a report on Saturday, August 18th. Loop Capital increased their target price on shares of SYSCO to $80.00 and gave the stock a buy rating in a report on Tuesday, August 14th. Argus increased their target price on shares of SYSCO from $67.00 to $86.00 and gave the stock a buy rating in a report on Thursday, August 16th. Jefferies Financial Group set a $68.00 target price on shares of SYSCO and gave the stock a hold rating in a report on Monday, August 13th. Finally, ValuEngine upgraded shares of SYSCO from a hold rating to a buy rating in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $73.15.

SYY traded up $0.25 during mid-day trading on Tuesday, hitting $66.81. The stock had a trading volume of 3,361,837 shares, compared to its average volume of 2,891,820. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.74 and a current ratio of 1.30. The firm has a market cap of $34.54 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.92 and a beta of 0.56. SYSCO has a 1-year low of $53.65 and a 1-year high of $75.98.

SYSCO (NYSE:SYY) last posted its earnings results on Monday, November 5th. The company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.01). The firm had revenue of $15.22 billion during the quarter, compared to analyst estimates of $15.39 billion. SYSCO had a return on equity of 68.81% and a net margin of 2.52%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.74 earnings per share. Equities analysts forecast that SYSCO will post 3.4 EPS for the current fiscal year.

In other news, Director Richard G. Tilghman sold 5,000 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $73.82, for a total transaction of $369,100.00. Following the completion of the sale, the director now owns 66,137 shares of the company’s stock, valued at $4,882,233.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brian R. Todd sold 9,147 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $73.82, for a total transaction of $675,231.54. Following the sale, the senior vice president now directly owns 11,747 shares of the company’s stock, valued at approximately $867,163.54. The disclosure for this sale can be found here. Insiders have sold 3,969,811 shares of company stock valued at $297,370,093 in the last three months. 7.88% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. HL Financial Services LLC grew its position in SYSCO by 0.3% in the third quarter. HL Financial Services LLC now owns 227,311 shares of the company’s stock valued at $16,651,000 after purchasing an additional 736 shares in the last quarter. Sumitomo Life Insurance Co. grew its position in SYSCO by 4.1% in the second quarter. Sumitomo Life Insurance Co. now owns 19,123 shares of the company’s stock valued at $1,306,000 after purchasing an additional 758 shares in the last quarter. Atlas Capital Advisors LLC grew its position in SYSCO by 7.7% in the third quarter. Atlas Capital Advisors LLC now owns 10,768 shares of the company’s stock valued at $782,000 after purchasing an additional 768 shares in the last quarter. Eastern Bank grew its position in SYSCO by 0.4% in the second quarter. Eastern Bank now owns 212,281 shares of the company’s stock valued at $14,497,000 after purchasing an additional 773 shares in the last quarter. Finally, World Asset Management Inc grew its position in SYSCO by 2.1% in the second quarter. World Asset Management Inc now owns 38,744 shares of the company’s stock valued at $2,646,000 after purchasing an additional 800 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

About SYSCO

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Analyst Recommendations for SYSCO (NYSE:SYY)

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