Sysco (NYSE:SYY) Cut to “Sell” at Melius Research

Sysco (NYSE:SYY) was downgraded by stock analysts at Melius Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

A number of other brokerages have also weighed in on SYY. Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research report on Tuesday, April 28th. Piper Sandler dropped their price target on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. UBS Group lowered their target price on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Sanford C. Bernstein cut their price target on Sysco from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sysco currently has a consensus rating of “Hold” and a consensus target price of $88.15.

Sysco Trading Down 0.6%

NYSE:SYY opened at $84.35 on Tuesday. Sysco has a 52 week low of $68.19 and a 52 week high of $91.85. The firm has a 50-day moving average price of $76.88 and a two-hundred day moving average price of $78.91. 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 firm has a market cap of $40.33 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 3.21 and a beta of 0.64.

Sysco (NYSE:SYY) last released its 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). The business had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, equities analysts expect that Sysco will post 4.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Sysco

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the purchase, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. The trade was a 49.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Sysco

A number of institutional investors have recently made changes to their positions in the stock. Eastern Bank grew its holdings in Sysco by 10.3% in the 2nd quarter. Eastern Bank now owns 375,414 shares of the company’s stock worth $31,377,000 after acquiring an additional 35,060 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Sysco by 74.8% during the first quarter. Empowered Funds LLC now owns 97,033 shares of the company’s stock valued at $6,921,000 after acquiring an additional 41,525 shares during the last quarter. Evansbrook LLC raised its stake in shares of Sysco by 3.7% during the first quarter. Evansbrook LLC now owns 7,844 shares of the company’s stock valued at $560,000 after acquiring an additional 280 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Sysco by 10.3% during the first quarter. Parallel Advisors LLC now owns 6,060 shares of the company’s stock worth $432,000 after purchasing an additional 568 shares during the period. Finally, Optiver Holding B.V. bought a new stake in shares of Sysco in the first quarter worth about $51,000. Hedge funds and other institutional investors 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.