Sysco (NYSE:SYY) Price Target Cut to $90.00 by Analysts at Guggenheim

Sysco (NYSE:SYY) had its target price dropped by investment analysts at Guggenheim from $95.00 to $90.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s price objective would suggest a potential upside of 25.68% from the stock’s previous close.

Other analysts have also issued research reports about the company. BMO Capital Markets restated an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Barclays raised their price objective on shares of Sysco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Argus upgraded Sysco to a “hold” rating in a research note on Thursday, January 29th. Morgan Stanley decreased their price objective on shares of Sysco from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Finally, Wells Fargo & Company lifted their price target on Sysco from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.69.

Sysco Trading Down 0.8%

NYSE SYY traded down $0.56 during trading on Thursday, hitting $71.61. The stock had a trading volume of 668,069 shares, compared to its average volume of 4,379,283. Sysco has a one year low of $67.12 and a one year high of $91.85. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. The stock has a market capitalization of $34.30 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.21 and a beta of 0.69. The stock has a 50 day simple moving average of $84.54 and a 200 day simple moving average of $79.42.

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

Insider Activity at Sysco

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

Hedge Funds Weigh In On Sysco

Large investors have recently bought and sold shares of the business. Intech Investment Management LLC increased its stake in Sysco by 53.1% in the first 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 during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Sysco by 24.1% in the second quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock valued at $781,000 after purchasing an additional 2,000 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sysco by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 56,260 shares of the company’s stock worth $4,261,000 after buying an additional 307 shares in the last quarter. Panagora Asset Management Inc. raised its position in Sysco by 106.3% in the second quarter. Panagora Asset Management Inc. now owns 11,896 shares of the company’s stock worth $901,000 after acquiring an additional 6,129 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in Sysco by 79.0% in the second quarter. Edgestream Partners L.P. now owns 39,216 shares of the company’s stock valued at $2,970,000 after acquiring an additional 17,312 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

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.