Sysco Corporation (NYSE:SYY) Receives $88.15 Consensus Target Price from Analysts

Sysco Corporation (NYSE:SYY) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $88.1538.

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft cut Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a report on Tuesday, April 28th. Weiss Ratings lowered Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Wall Street Zen lowered Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays cut their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Citigroup boosted their target price on Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th.

Sysco Trading Down 0.1%

SYY opened at $78.64 on Friday. Sysco has a one year low of $68.19 and a one year high of $91.85. The stock has a market capitalization of $37.60 billion, a PE ratio of 21.78, a P/E/G ratio of 3.21 and a beta of 0.65. The business’s 50 day moving average price is $75.37 and its 200 day moving average price is $78.30. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, equities research analysts expect that Sysco will post 4.59 EPS for the current year.

Sysco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 2.8%. Sysco’s dividend payout ratio is presently 59.83%.

Insider Transactions at Sysco

In other news, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the transaction, the director directly owned 40,200 shares in the company, valued at $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Sysco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in shares of Sysco by 8.0% during the fourth quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock worth $27,307,000 after buying an additional 27,510 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Sysco by 9.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock valued at $30,445,000 after purchasing an additional 35,647 shares during the period. Nicholas Company Inc. acquired a new stake in Sysco in the fourth quarter valued at about $2,278,000. Nordea Investment Management AB lifted its position in Sysco by 38.8% in the fourth quarter. Nordea Investment Management AB now owns 1,952,615 shares of the company’s stock valued at $144,552,000 after purchasing an additional 545,688 shares during the period. Finally, Norges Bank acquired a new stake in Sysco in the fourth quarter valued at about $542,780,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

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.