Brokerages Set Sysco Corporation (NYSE:SYY) Target Price at $86.00

Sysco Corporation (NYSE:SYY) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $86.00.

A number of analysts have issued reports on the company. Sanford C. Bernstein assumed coverage on Sysco in a research report on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price on the stock. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a report on Monday, December 29th. Citigroup cut their price target on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 7th. Finally, Barclays raised their price objective on shares of Sysco from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th.

Institutional Trading of Sysco

Several hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC raised its position in Sysco by 53.1% in the 1st quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock valued at $1,674,000 after purchasing an additional 7,742 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Sysco by 8.1% during the second quarter. Parallel Advisors LLC now owns 4,940 shares of the company’s stock worth $374,000 after buying an additional 371 shares during the period. Czech National Bank raised its holdings in Sysco by 5.4% in the second quarter. Czech National Bank now owns 118,490 shares of the company’s stock valued at $8,974,000 after acquiring an additional 6,122 shares in the last quarter. Beacon Financial Group lifted its stake in Sysco by 55.5% in the second quarter. Beacon Financial Group now owns 9,955 shares of the company’s stock worth $754,000 after acquiring an additional 3,554 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its stake in Sysco by 145.1% in the second quarter. Fiduciary Alliance LLC now owns 6,775 shares of the company’s stock worth $513,000 after acquiring an additional 4,011 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Sysco Trading Down 0.6%

NYSE SYY opened at $78.70 on Thursday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.65. The stock has a market capitalization of $37.69 billion, a P/E ratio of 21.10, a PEG ratio of 2.59 and a beta of 0.61. The firm’s 50-day moving average is $74.77 and its two-hundred day moving average is $77.73. Sysco has a 12 month low of $67.12 and a 12 month high of $83.47.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business had revenue of $21.15 billion for the quarter, compared to the consensus estimate of $21.03 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, sell-side analysts anticipate that Sysco will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

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.