Citigroup Lowers Sysco (NYSE:SYY) Price Target to $72.00

Sysco (NYSE:SYY) had its target price decreased by research analysts at Citigroup from $88.00 to $72.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 1.72% from the stock’s current price.

Several other research firms also recently commented on SYY. Wells Fargo & Company upped their price objective on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. UBS Group lifted their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings raised Sysco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 24th. Finally, Argus upgraded Sysco to a “hold” rating in a research report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Sysco has an average rating of “Moderate Buy” and a consensus target price of $89.08.

Sysco Stock Performance

Shares of NYSE SYY traded up $1.48 during mid-day trading on Tuesday, hitting $70.78. The stock had a trading volume of 10,220,492 shares, compared to its average volume of 4,264,143. The firm has a market cap of $33.90 billion, a PE ratio of 19.02, a PEG ratio of 2.54 and a beta of 0.58. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. The company has a 50 day moving average of $84.74 and a two-hundred day moving average of $79.54. Sysco has a twelve month low of $67.12 and a twelve month high of $91.85.

Sysco (NYSE:SYY) last posted 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 business had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company’s quarterly 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. Research analysts predict that Sysco will post 4.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the 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 of the company’s stock, valued at $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the transaction, the director owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC raised its holdings in Sysco by 53.1% during the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after purchasing an additional 7,742 shares in the last quarter. Schnieders Capital Management LLC. raised its position in Sysco by 24.1% in the second quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock worth $781,000 after acquiring an additional 2,000 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Sysco in the second quarter valued at $234,000. Quadrant Capital Group LLC grew its stake in shares of Sysco by 17.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 7,988 shares of the company’s stock worth $605,000 after purchasing an additional 1,202 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Sysco by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 56,260 shares of the company’s stock valued at $4,261,000 after purchasing an additional 307 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Sysco

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Strategic expansion into cash‑and‑carry could meaningfully broaden Sysco’s addressable market and add higher‑margin revenue streams; management frames the deal as complementary to Sysco’s existing distribution network. Sysco to Acquire Jetro Restaurant Depot
• Positive Sentiment: Analysts and research notes highlight expected synergies, EPS accretion and sizable free‑cash‑flow uplift over time — reasons some investors see the deal as value‑creating long term. SYY’s Jetro Deal Opens a New Growth Path in Cash & Carry
• Neutral Sentiment: Deal mechanics: roughly $29.1B enterprise value, comprising about $21.6B cash and ~91.5M Sysco shares; transaction requires regulatory approval and closing timing adds execution risk. Sysco nears $29 billion deal to buy Restaurant Depot
• Neutral Sentiment: Management has publicly defended the deal on calls and TV (M&A call, CEO interviews), arguing the asset is a “gem” and integration will drive scale benefits; investors will watch execution detail and timing. Sysco CEO Kevin Hourican on $29 billion Jetro Restaurant Depot deal
• Negative Sentiment: Financing/leverage concerns are the main near‑term risk: Sysco plans to fund much of the cash portion with new debt and has paused share buybacks to prioritize de‑leveraging — Citi cut its price target and flagged the debt load as a material risk. Sysco Receives a Downgrade From Citi Due to Debt Load
• Negative Sentiment: Immediate market reaction was sharp: the stock plunged following the announcement as investors priced in near‑term dilution, execution risk and regulatory uncertainty; unusual options and elevated volume show heightened short‑term trading activity. Sysco shares slide as investors digest leverage and dilution

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.