Sysco (NYSE:SYY) Reaches New 52-Week High – Still a Buy?

Sysco Corporation (NYSE:SYY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $91.85 and last traded at $91.0730, with a volume of 99148 shares changing hands. The stock had previously closed at $90.56.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SYY shares. Citigroup increased their price objective on shares of Sysco from $81.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Barclays boosted their price objective on Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. increased their target price on Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Sysco Trading Down 0.4%

The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.75. The company has a market capitalization of $42.78 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 2.79 and a beta of 0.61. The business’s 50-day moving average price is $78.95 and its two-hundred day moving average price is $78.63.

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

Insider Transactions at Sysco

In related news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the transaction, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. acquired a new position in Sysco in the 3rd quarter valued at approximately $25,000. Harbor Capital Advisors Inc. grew its stake in shares of Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Sysco in the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new position in Sysco during the 4th quarter worth $25,000. Finally, Peterson Wealth Services lifted its holdings in Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after buying an additional 324 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

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.