Sysco (NYSE:SYY) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Sysco (NYSE:SYY) from a buy rating to a hold rating in a report published on Sunday morning.

Other research analysts have also recently issued reports about the stock. Sanford C. Bernstein set a $90.00 price target on shares of Sysco and gave the company a “market perform” rating in a report on Wednesday, January 28th. Wells Fargo & Company boosted their price objective on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Argus raised Sysco to a “hold” rating in a research report on Thursday, January 29th. Morgan Stanley lowered their target price on Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Finally, Citigroup lifted their price target on Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.31.

Sysco Price Performance

NYSE:SYY opened at $85.30 on Friday. The company has a market cap of $40.85 billion, a P/E ratio of 22.93, a P/E/G ratio of 2.65 and a beta of 0.58. The firm’s fifty day moving average price is $82.35 and its two-hundred day moving average price is $79.34. Sysco has a one year low of $67.12 and a one year high of $91.85. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75.

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

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be given a $0.54 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.5%. Sysco’s dividend payout ratio (DPR) is presently 58.06%.

Insider Transactions at Sysco

In other Sysco 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 value of $232,454.99. Following the transaction, the director directly owned 12,868 shares of the company’s stock, valued at $1,067,915.32. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 company. Gateway Investment Advisers LLC lifted its holdings in shares of Sysco by 594.8% in the third quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company’s stock worth $7,050,000 after acquiring an additional 73,298 shares during the last quarter. Norges Bank bought a new stake in shares of Sysco during the 2nd quarter valued at approximately $493,686,000. AE Wealth Management LLC increased its position in Sysco by 320.9% during the 3rd quarter. AE Wealth Management LLC now owns 79,589 shares of the company’s stock worth $6,553,000 after purchasing an additional 60,680 shares in the last quarter. Krilogy Financial LLC increased its position in Sysco by 65.6% during the 3rd quarter. Krilogy Financial LLC now owns 42,435 shares of the company’s stock worth $3,494,000 after purchasing an additional 16,807 shares in the last quarter. Finally, Accurate Wealth Management LLC bought a new position in Sysco in the 3rd quarter valued at approximately $2,497,000. 83.41% of the stock is owned by 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.