Sysco Co. (NYSE:SYY) Receives Average Rating of “Moderate Buy” from Analysts

Sysco Co. (NYSE:SYY) has been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $85.21.

Several brokerages recently commented on SYY. Morgan Stanley cut their price target on shares of Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Truist Financial cut their price target on shares of Sysco from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday. UBS Group cut their price target on shares of Sysco from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Guggenheim reiterated a “buy” rating and set a $85.00 price target on shares of Sysco in a research note on Wednesday.

Sysco Price Performance

Sysco stock opened at $71.96 on Thursday. The stock has a market cap of $35.35 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The company has a fifty day simple moving average of $76.43 and a 200-day simple moving average of $76.03. Sysco has a 12-month low of $69.03 and a 12-month 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.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. Sysco had a net margin of 2.44% and a return on equity of 101.04%. During the same quarter in the previous year, the company posted $0.89 earnings per share. Equities analysts expect that Sysco will post 4.57 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Friday, January 3rd. Sysco’s payout ratio is 52.44%.

Insider Activity

In other news, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the sale, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction dated Friday, November 1st. The shares were 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 directly owns 48,451 shares in the company, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,306 shares of company stock valued at $6,485,050 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Sysco

A number of institutional investors have recently added to or reduced their stakes in the stock. PrairieView Partners LLC boosted its holdings in Sysco by 90.0% during the fourth quarter. PrairieView Partners LLC now owns 760 shares of the company’s stock worth $58,000 after buying an additional 360 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Sysco during the fourth quarter worth about $52,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Sysco during the fourth quarter worth about $331,000. Avion Wealth boosted its holdings in Sysco by 7.8% during the fourth quarter. Avion Wealth now owns 4,791 shares of the company’s stock worth $366,000 after buying an additional 345 shares in the last quarter. Finally, Jmac Enterprises LLC purchased a new stake in Sysco during the fourth quarter worth about $210,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

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.