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

Sysco Corporation (NYSE:SYY) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $90.3077.

SYY has been the subject of several research reports. Wells Fargo & Company lifted their target price on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Jefferies Financial Group lifted their price objective on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Citigroup boosted their price objective on Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, UBS Group raised their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 28th.

Sysco Stock Down 2.1%

Shares of SYY opened at $85.83 on Friday. The company’s 50-day moving average price is $82.13 and its 200 day moving average price is $79.31. Sysco has a 12-month low of $67.12 and a 12-month high of $91.85. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. The firm has a market cap of $41.11 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 2.72 and a beta of 0.58.

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

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 2nd will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.16 annualized dividend and a dividend yield of 2.5%. Sysco’s dividend payout ratio (DPR) is presently 58.06%.

Insider Activity at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the transaction, the executive vice president owned 35,965 shares in the company, valued at $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sheila Talton sold 2,801 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sysco

A number of hedge funds have recently bought and sold shares of SYY. Vanguard Group Inc. increased its stake 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 buying an additional 1,226,381 shares during the period. State Street Corp increased its position in shares of Sysco by 0.9% in the 3rd quarter. State Street Corp now owns 26,669,576 shares of the company’s stock valued at $2,195,973,000 after purchasing an additional 246,542 shares during the last quarter. Capital Research Global Investors increased its position in shares of Sysco by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 18,360,707 shares of the company’s stock valued at $1,511,821,000 after purchasing an additional 46,040 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Sysco by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 12,728,692 shares of the company’s stock valued at $934,391,000 after purchasing an additional 131,659 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Sysco during the 4th quarter worth $542,780,000. 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.