Sysco Corporation (NYSE:SYY) Receives Average Recommendation of “Moderate Buy” from Analysts

Sysco Corporation (NYSE:SYY) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $85.9167.

A number of research firms have commented on SYY. Piper Sandler decreased their target price on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Guggenheim boosted their price target on shares of Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Sanford C. Bernstein assumed coverage on shares of Sysco in a research report on Wednesday, October 22nd. They set a “market perform” rating and a $83.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Sysco in a research report on Monday, December 8th. Finally, Citigroup lowered their price target on Sysco from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd.

Sysco Stock Down 0.7%

Shares of SYY opened at $74.53 on Friday. Sysco has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The stock has a fifty day simple moving average of $75.62 and a two-hundred day simple moving average of $77.77. The company has a market capitalization of $35.69 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61.

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

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s payout ratio is currently 57.91%.

Institutional Trading of Sysco

Several hedge funds have recently made changes to their positions in SYY. Jackson Grant Investment Advisers Inc. purchased a new position in Sysco during the 3rd quarter worth approximately $25,000. Harbor Capital Advisors Inc. grew its position in shares of Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Peterson Wealth Services increased its holdings in shares of Sysco by 875.7% in the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after acquiring an additional 324 shares during the period. Chung Wu Investment Group LLC purchased a new stake in Sysco in the 2nd quarter valued at $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Sysco in the second quarter valued at about $31,000. Institutional investors and hedge funds 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.