Sysco Corporation (NYSE:SYY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Sysco Corporation (NYSE:SYY) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $89.3846.

Several brokerages have recently weighed in on SYY. Citigroup raised their target price on Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. increased their price target on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Piper Sandler boosted their price target on Sysco from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 target price on Sysco and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Finally, UBS Group lifted their price target on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th.

Sysco Trading Up 2.2%

Shares of SYY opened at $86.52 on Monday. The firm’s fifty day moving average is $76.50 and its two-hundred day moving average is $78.11. Sysco has a 52-week low of $67.12 and a 52-week high of $86.72. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The stock has a market cap of $41.44 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.69 and a beta of 0.61.

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

Sysco Announces Dividend

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 $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is 58.06%.

Insiders Place Their Bets

In other news, EVP Ronald L. Phillips sold 5,601 shares of Sysco 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 sale, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the transaction, the director directly owned 12,868 shares in the company, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Sysco

Large investors have recently added to or reduced their stakes in the company. Montag A & Associates Inc. raised its holdings in Sysco by 1.4% in the 4th quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock valued at $644,000 after acquiring an additional 123 shares during the period. United Community Bank raised its position in shares of Sysco by 11.4% during the fourth quarter. United Community Bank now owns 1,224 shares of the company’s stock worth $90,000 after acquiring an additional 125 shares during the last quarter. 1620 Investment Advisors Inc. increased its stake in shares of Sysco by 2.6% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock valued at $404,000 after acquiring an additional 126 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Sysco by 0.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock valued at $3,364,000 after purchasing an additional 130 shares in the last quarter. Finally, Facet Wealth Inc. grew its stake in shares of Sysco by 1.2% in the 2nd quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock worth $849,000 after acquiring an additional 131 shares in the last quarter. 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.