Sysco (NYSE:SYY) Price Target Raised to $95.00

Sysco (NYSE:SYY) had its target price raised by equities research analysts at Guggenheim from $91.00 to $95.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s price target points to a potential upside of 5.74% from the stock’s current price.

A number of other research analysts have also recently weighed in on SYY. Wells Fargo & Company lifted their target price on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Barclays boosted their price objective on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Truist Financial lifted their target price on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Jefferies Financial Group boosted their price target on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Piper Sandler lifted their price objective on shares of Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and an average price target of $89.69.

Sysco Stock Up 2.0%

SYY stock opened at $89.84 on Friday. The business’s 50-day moving average price is $77.59 and its 200-day moving average price is $78.36. The stock has a market cap of $43.03 billion, a P/E ratio of 24.15, a PEG ratio of 2.74 and a beta of 0.61. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. Sysco has a twelve month low of $67.12 and a twelve month high of $91.40.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $20.76 billion for 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%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities research analysts forecast that Sysco will post 4.58 EPS for the current year.

Insider Buying and Selling

In related news, Director Sheila Talton sold 2,801 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. Also, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 35,965 shares in the company, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. The SEC filing for this sale provides additional information. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sysco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its stake in shares of Sysco by 53.1% during the 1st 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 during the period. Apollon Wealth Management LLC boosted its stake in shares of Sysco by 15.0% during the second quarter. Apollon Wealth Management LLC now owns 7,510 shares of the company’s stock valued at $569,000 after purchasing an additional 980 shares in the last quarter. CWM LLC lifted its stake in shares of Sysco by 1.7% during the 2nd quarter. CWM LLC now owns 49,411 shares of the company’s stock worth $3,742,000 after purchasing an additional 823 shares during the last quarter. MGO One Seven LLC lifted its position in shares of Sysco by 31.0% during the second quarter. MGO One Seven LLC now owns 13,090 shares of the company’s stock valued at $991,000 after buying an additional 3,101 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Sysco by 3.4% in the second quarter. Sequoia Financial Advisors LLC now owns 21,320 shares of the company’s stock valued at $1,615,000 after acquiring an additional 706 shares in the last quarter. 83.41% of the stock is currently 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.