Sysco Corporation (NYSE:SYY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Sysco Corporation (NYSE:SYY) has received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $86.00.

A number of brokerages recently issued reports on SYY. Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Barclays lifted their price target on shares of Sysco from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Sanford C. Bernstein assumed coverage on Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective for the company. Finally, Citigroup cut their target price on Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th.

Sysco Stock Up 1.3%

Shares of NYSE:SYY opened at $77.03 on Thursday. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.65 and a current ratio of 1.15. Sysco has a 52-week low of $67.12 and a 52-week high of $83.47. The company has a market capitalization of $36.89 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 2.50 and a beta of 0.61. The company has a fifty day moving average of $74.57 and a 200-day moving average of $77.69.

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

Sysco Dividend Announcement

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

Institutional Trading of Sysco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYY. ORG Partners LLC increased its holdings in Sysco by 216.9% in the fourth quarter. ORG Partners LLC now owns 1,632 shares of the company’s stock worth $120,000 after purchasing an additional 1,117 shares in the last quarter. ORG Wealth Partners LLC boosted its holdings in shares of Sysco by 2,048.3% during the 4th quarter. ORG Wealth Partners LLC now owns 4,984 shares of the company’s stock worth $367,000 after buying an additional 4,752 shares in the last quarter. Alliance Wealth Advisors LLC grew its position in shares of Sysco by 44.8% during the 4th quarter. Alliance Wealth Advisors LLC now owns 3,680 shares of the company’s stock worth $271,000 after buying an additional 1,139 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Sysco by 1.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 68,162 shares of the company’s stock valued at $5,023,000 after acquiring an additional 716 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its position in shares of Sysco by 2.3% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 24,855 shares of the company’s stock valued at $1,832,000 after acquiring an additional 557 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

About Sysco

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.