Sysco (NYSE:SYY) Price Target Raised to $95.00

Sysco (NYSE:SYY) had its price objective boosted by Jefferies Financial Group from $90.00 to $95.00 in a research note released on Wednesday, MarketBeat.com reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other analysts have also weighed in on SYY. Morgan Stanley dropped their target price on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Guggenheim upped their price target on Sysco from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Sanford C. Bernstein initiated coverage on Sysco in a report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 price objective for the company. Barclays boosted their target price on Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.38.

Sysco Stock Performance

Shares of SYY stock opened at $83.85 on Wednesday. The company has a market capitalization of $40.16 billion, a P/E ratio of 22.54, a PEG ratio of 2.67 and a beta of 0.61. Sysco has a fifty-two week low of $67.12 and a fifty-two week high of $85.33. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.65 and a current ratio of 1.30. The stock has a 50 day moving average price of $75.61 and a two-hundred day moving average price of $77.90.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $20.76 billion for 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 firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Analysts expect 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 $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s dividend payout ratio is presently 58.06%.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Sysco during the third quarter valued at approximately $25,000. Harbor Capital Advisors Inc. increased its position in Sysco by 75.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after buying an additional 135 shares in the last quarter. Torren Management LLC purchased a new position in Sysco during the fourth quarter valued at $27,000. Chung Wu Investment Group LLC bought a new stake in Sysco in the second quarter worth $30,000. Finally, Peterson Wealth Services grew its stake in shares of Sysco by 875.7% in the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after acquiring an additional 324 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

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.