Sysco (NYSE:SYY) Upgraded at Argus

Argus upgraded shares of Sysco (NYSE:SYY) to a hold rating in a report published on Thursday morning,Zacks.com reports.

SYY has been the subject of a number of other research reports. UBS Group lifted their target price on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday. Piper Sandler increased their price target on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays boosted their price objective on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday. Sanford C. Bernstein set a $90.00 target price on Sysco and gave the company a “market perform” rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their target price on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and an average target price of $89.38.

Sysco Price Performance

Shares of SYY opened at $83.85 on Thursday. The business has a 50-day moving average of $75.61 and a 200-day moving average of $77.91. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.65. The company has a market capitalization of $40.16 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.67 and a beta of 0.61. Sysco has a 1 year low of $67.12 and a 1 year high of $85.33.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, equities research analysts anticipate that Sysco will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 2nd were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s dividend payout ratio is 58.06%.

Insider Buying and Selling at Sysco

In other news, EVP Ronald L. Phillips sold 5,601 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at $2,913,165. This represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new stake in shares of Sysco during the fourth quarter worth about $147,000. 5th Street Advisors LLC acquired a new position in Sysco during the 4th quarter valued at about $295,000. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in Sysco by 334.9% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,571 shares of the company’s stock worth $1,811,000 after purchasing an additional 18,921 shares in the last quarter. DMKC Advisory Services LLC raised its stake in shares of Sysco by 14.7% in the fourth quarter. DMKC Advisory Services LLC now owns 41,101 shares of the company’s stock worth $3,029,000 after purchasing an additional 5,256 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Sysco in the fourth quarter valued at approximately $94,000. 83.41% of the stock is owned by 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.