Sysco Corporation (NYSE:SYY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Sysco Corporation (NYSE:SYY) have been given an average rating of “Moderate Buy” by the fifteen research firms that are presently covering the stock, Marketbeat reports. Six 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 brokerages that have issued ratings on the stock in the last year is $87.00.

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Sysco in a research note on Wednesday, November 19th. Sanford C. Bernstein initiated coverage on shares of Sysco in a report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price target for the company. Wells Fargo & Company set a $88.00 price objective on shares of Sysco and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Citigroup decreased their price objective on shares of Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, Barclays lifted their target price on Sysco from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th.

Sysco Trading Up 1.6%

Shares of SYY opened at $75.90 on Wednesday. Sysco has a 12 month low of $67.12 and a 12 month high of $83.47. The stock’s 50-day moving average is $78.06 and its two-hundred day moving average is $77.51. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.70. The stock has a market cap of $36.35 billion, a PE ratio of 20.35, a P/E/G ratio of 2.19 and a beta of 0.79.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.12 by $0.03. The business had revenue of $21.15 billion for the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts forecast that Sysco will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.16 annualized dividend and a yield of 2.8%. Sysco’s payout ratio is currently 57.91%.

Insider Activity

In other news, EVP Ronald L. Phillips sold 7,351 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $81.00, for a total transaction of $595,431.00. Following the completion of the transaction, the executive vice president directly owned 41,837 shares in the company, valued at approximately $3,388,797. This represents a 14.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Sysco

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Sysco by 2.0% during the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after purchasing an additional 1,226,381 shares during the last quarter. State Street Corp increased its holdings in Sysco by 0.9% in the third quarter. State Street Corp now owns 26,669,576 shares of the company’s stock valued at $2,195,973,000 after buying an additional 246,542 shares during the last quarter. Capital Research Global Investors raised its stake in Sysco by 0.3% during the third quarter. Capital Research Global Investors now owns 18,360,707 shares of the company’s stock valued at $1,511,821,000 after buying an additional 46,040 shares in the last quarter. Invesco Ltd. lifted its holdings in Sysco by 1.0% during the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company’s stock worth $1,280,970,000 after buying an additional 162,961 shares during the last quarter. Finally, Boston Partners lifted its holdings in Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company’s stock worth $1,139,798,000 after buying an additional 3,015,714 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.