Sysco Co. (NYSE:SYY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Sysco Co. (NYSE:SYY) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $85.77.

Several equities research analysts have recently weighed in on SYY shares. Wells Fargo & Company reduced their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Jefferies Financial Group boosted their price objective on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Finally, Barclays boosted their price target on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st.

Insider Buying and Selling

In other news, Director Sheila Talton sold 2,900 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the transaction, the director now owns 12,955 shares in the company, valued at $966,831.65. This represents a 18.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of Sysco

Several large investors have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Sysco by 3.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,045 shares of the company’s stock worth $5,118,000 after buying an additional 1,862 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Sysco by 10.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 27,360 shares of the company’s stock valued at $2,221,000 after purchasing an additional 2,552 shares during the period. Banco Santander S.A. acquired a new stake in Sysco in the 1st quarter worth $438,000. First Foundation Advisors increased its holdings in shares of Sysco by 17.5% during the 1st quarter. First Foundation Advisors now owns 4,517 shares of the company’s stock worth $367,000 after purchasing an additional 674 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Sysco in the first quarter valued at about $214,000. 83.41% of the stock is owned by institutional investors.

Sysco Price Performance

Shares of Sysco stock opened at $73.63 on Friday. Sysco has a 52 week low of $69.03 and a 52 week high of $82.89. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. The stock has a market cap of $36.17 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company’s 50-day moving average price is $75.74 and its two-hundred day moving average price is $74.74.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 earnings per share. As a group, sell-side analysts anticipate that Sysco will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s dividend payout ratio is currently 52.44%.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.