Sysco Corporation (NYSE:SYY) Receives Consensus Recommendation of “Hold” from Analysts

Sysco Corporation (NYSE:SYY) has received a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $89.50.

Several brokerages recently issued reports on SYY. Sanford C. Bernstein dropped their price target on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley increased their price objective on Sysco from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. UBS Group lifted their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday. Melius Research lowered Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Finally, Piper Sandler upped their price target on Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday.

Sysco Trading Down 0.2%

Shares of Sysco stock opened at $84.10 on Monday. Sysco has a 1 year low of $68.19 and a 1 year high of $91.85. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The company has a market capitalization of $40.26 billion, a P/E ratio of 22.98, a PEG ratio of 2.89 and a beta of 0.64. The company’s fifty day moving average is $81.30 and its two-hundred day moving average is $80.40.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business had revenue of $22.12 billion during the quarter, compared to analysts’ expectations of $21.95 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Analysts forecast that Sysco will post 5.1 earnings per share for the current year.

Insider Activity at Sysco

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

Institutional Trading of Sysco

Institutional investors have recently bought and sold shares of the company. Oxbow Advisors LLC purchased a new stake in shares of Sysco in the second quarter valued at about $802,000. Wealthfront Advisers LLC acquired a new position in shares of Sysco during the 2nd quarter worth approximately $7,976,000. Foster & Motley Inc. acquired a new position in shares of Sysco during the 2nd quarter worth approximately $539,000. Main Street Financial Solutions LLC lifted its stake in Sysco by 4.4% in the 2nd quarter. Main Street Financial Solutions LLC now owns 5,864 shares of the company’s stock valued at $490,000 after buying an additional 245 shares in the last quarter. Finally, Rayburn West Financial Services LLC purchased a new stake in Sysco in the 2nd quarter valued at approximately $9,577,000. 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.