Sysco Corporation (NYSE:SYY) Receives $88.15 Average Price Target from Analysts

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

SYY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a report on Tuesday, April 28th. Weiss Ratings lowered Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. Guggenheim dropped their target price on Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Sanford C. Bernstein dropped their target price on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th.

Sysco Stock Up 0.0%

SYY stock opened at $76.30 on Wednesday. Sysco has a twelve month low of $68.19 and a twelve month high of $91.85. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. The stock’s 50 day moving average is $76.03 and its 200-day moving average is $78.06. The firm has a market capitalization of $36.49 billion, a PE ratio of 21.14, a P/E/G ratio of 3.12 and a beta of 0.66.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share 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 company had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The firm’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. Sell-side analysts expect that Sysco will post 4.59 EPS for the current fiscal year.

Sysco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Thursday, July 2nd will be issued a $0.55 dividend. This is a boost from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, July 2nd. Sysco’s dividend payout ratio is 59.83%.

Institutional Trading of Sysco

A number of institutional investors and hedge funds have recently modified their holdings of SYY. Montag A & Associates Inc. grew its position in shares of Sysco by 1.4% in the fourth quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock valued at $644,000 after purchasing an additional 123 shares in the last quarter. United Community Bank grew its position in shares of Sysco by 11.4% in the fourth quarter. United Community Bank now owns 1,224 shares of the company’s stock valued at $90,000 after purchasing an additional 125 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Sysco by 1.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company’s stock valued at $827,000 after purchasing an additional 138 shares in the last quarter. Octavia Wealth Advisors LLC grew its position in shares of Sysco by 4.6% in the fourth quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock valued at $237,000 after purchasing an additional 141 shares in the last quarter. Finally, Diversify Wealth Management LLC grew its position in shares of Sysco by 1.6% in the fourth quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock valued at $698,000 after purchasing an additional 143 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other 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.