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

Shares of Sysco Corporation (NYSE:SYY) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $88.1538.

A number of equities analysts have recently issued reports on SYY shares. Citigroup increased their price objective on shares of Sysco from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Barclays decreased their target price on Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Piper Sandler cut their price target on Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Guggenheim reduced their price objective on Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd.

Sysco Stock Down 1.8%

Sysco stock opened at $83.07 on Thursday. The company has a market capitalization of $39.72 billion, a PE ratio of 23.01, a PEG ratio of 3.20 and a beta of 0.64. Sysco has a 12-month low of $68.19 and a 12-month high of $91.85. The firm’s fifty day moving average is $77.37 and its 200 day moving average is $79.09. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYY) last posted 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 return on equity of 103.57% and a net margin of 2.08%.The company had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. As a group, sell-side analysts predict that Sysco will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 2nd. This is an increase from Sysco’s previous quarterly dividend of $0.54. Sysco’s payout ratio is 60.94%.

Insider Buying and Selling

In other Sysco news, Director John M. Hinshaw acquired 13,304 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the acquisition, the director owned 40,200 shares in the company, valued at approximately $3,021,834. This represents a 49.46% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Trust Point Inc. boosted its stake in Sysco by 13.9% during the 2nd quarter. Trust Point Inc. now owns 4,828 shares of the company’s stock valued at $404,000 after purchasing an additional 591 shares during the last quarter. Professional Advisory Services Inc. raised its stake in shares of Sysco by 19.0% in the second quarter. Professional Advisory Services Inc. now owns 299,057 shares of the company’s stock worth $24,995,000 after purchasing an additional 47,783 shares during the last quarter. Czech National Bank raised its stake in shares of Sysco by 4.4% in the second quarter. Czech National Bank now owns 136,109 shares of the company’s stock worth $11,376,000 after purchasing an additional 5,674 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Sysco by 43.3% in the second quarter. Assenagon Asset Management S.A. now owns 20,300 shares of the company’s stock valued at $1,697,000 after purchasing an additional 6,131 shares in the last quarter. Finally, Lincoln Capital LLC bought a new position in shares of Sysco in the second quarter valued at approximately $218,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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.