Sysco Corporation (NYSE:SYY) Given Consensus Rating of “Moderate Buy” by Brokerages

Sysco Corporation (NYSE:SYY) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $88.1538.

SYY has been the subject of a number of research reports. Weiss Ratings cut Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 30th. Citigroup increased their price target on Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Barclays dropped their price target on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target for the company. in a research note on Tuesday, April 28th. Finally, Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd.

Sysco Stock Down 0.6%

Shares of SYY opened at $79.14 on Friday. Sysco has a 52 week low of $68.19 and a 52 week high of $91.85. The stock has a market capitalization of $37.84 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 3.23 and a beta of 0.65. The company has a debt-to-equity ratio of 5.58, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a fifty day moving average of $74.73 and a 200-day moving average of $78.18.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The firm had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, sell-side analysts anticipate that Sysco will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a yield of 2.8%. This is an increase from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio is 59.83%.

Insider Transactions at Sysco

In related news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the transaction, the director directly owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. bought a new position in Sysco during the 3rd quarter worth $25,000. Lloyd Advisory Services LLC. bought a new position in Sysco during the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new position in Sysco during the 4th quarter worth $25,000. Sunbelt Securities Inc. raised its position in Sysco by 87.6% during the 1st quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock worth $26,000 after purchasing an additional 170 shares during the last quarter. Finally, Bard Associates Inc. bought a new position in Sysco during the 4th quarter worth $27,000. 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.