Shares of SYSCO Co. (NYSE:SYY) have been assigned an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $59.55.

SYY has been the subject of a number of research analyst reports. Loop Capital upped their price objective on shares of SYSCO to $68.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research lowered shares of SYSCO from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Pivotal Research reaffirmed a “hold” rating and set a $53.00 target price on shares of SYSCO in a report on Sunday, November 5th. Finally, BMO Capital Markets set a $66.00 target price on shares of SYSCO and gave the stock a “buy” rating in a report on Friday, December 8th.

In related news, CEO William J. Delaney III sold 150,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $54.05, for a total value of $8,107,500.00. Following the completion of the sale, the chief executive officer now owns 526,725 shares of the company’s stock, valued at $28,469,486.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $61.44, for a total transaction of $958,464.00. Following the completion of the sale, the insider now directly owns 55,235 shares of the company’s stock, valued at approximately $3,393,638.40. The disclosure for this sale can be found here. Insiders have sold 321,172 shares of company stock valued at $18,233,905 in the last ninety days. Insiders own 9.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Personal Financial Services grew its holdings in shares of SYSCO by 293.2% in the third quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after purchasing an additional 1,463 shares during the period. Acrospire Investment Management LLC grew its holdings in shares of SYSCO by 84.6% in the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after purchasing an additional 1,100 shares during the period. Manchester Capital Management LLC grew its holdings in shares of SYSCO by 13.4% in the second quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after purchasing an additional 300 shares during the period. Advisors Asset Management Inc. lifted its position in SYSCO by 465.7% in the third quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock valued at $150,000 after buying an additional 2,291 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in SYSCO by 51.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock valued at $158,000 after buying an additional 1,000 shares during the last quarter. 80.07% of the stock is owned by hedge funds and other institutional investors.

SYSCO (NYSE SYY) opened at $61.22 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. The firm has a market cap of $31,900.00, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53. SYSCO has a 12-month low of $48.85 and a 12-month high of $62.79.

SYSCO (NYSE:SYY) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. The company had revenue of $14.65 billion during the quarter, compared to analysts’ expectations of $14.43 billion. SYSCO had a net margin of 2.12% and a return on equity of 58.47%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. equities analysts predict that SYSCO will post 2.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.36 per share. This is a positive change from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.35%. SYSCO’s dividend payout ratio is presently 65.75%.

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SYSCO Company Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

Analyst Recommendations for SYSCO (NYSE:SYY)

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