Sysco (NYSE:SYY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sysco (NYSE:SYY) from a hold rating to a buy rating in a research note released on Saturday.

A number of other analysts also recently issued reports on SYY. Jefferies Financial Group increased their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Truist Financial increased their price objective on shares of Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Argus raised shares of Sysco to a “hold” rating in a research note on Thursday, January 29th. Wells Fargo & Company raised their price target on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Piper Sandler boosted their price objective on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Sysco Stock Performance

Shares of SYY stock opened at $90.53 on Friday. Sysco has a 52-week low of $67.12 and a 52-week high of $91.85. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The stock has a market cap of $43.36 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 2.83 and a beta of 0.58. The business has a 50-day simple moving average of $81.35 and a 200-day simple moving average of $79.15.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The company had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. During the same period last year, the business earned $0.93 earnings per share. Sysco’s quarterly revenue was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities analysts expect that Sysco will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.4%. Sysco’s payout ratio is 58.06%.

Insider Buying and Selling at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director directly owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the transaction, the executive vice president owned 35,965 shares in the company, valued at $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Sysco in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Sysco during the 4th quarter worth about $25,000. Motiv8 Investments LLC acquired a new position in Sysco in the fourth quarter valued at about $25,000. Harbor Capital Advisors Inc. boosted its stake in Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after buying an additional 135 shares during the period. Finally, Torren Management LLC acquired a new stake in shares of Sysco during the fourth quarter valued at about $27,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

About Sysco

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.