Sysco (NYSE:SYY) Hits New 52-Week High After Earnings Beat

Sysco Corporation (NYSE:SYY) reached a new 52-week high on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $83.96 and last traded at $83.9120, with a volume of 11003524 shares changing hands. The stock had previously closed at $75.63.

The company reported $0.99 earnings per share 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 net margin of 2.17% and a return on equity of 109.21%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd were given a dividend of $0.54 per share. The ex-dividend date was Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.6%. Sysco’s dividend payout ratio is currently 57.91%.

Trending Headlines about Sysco

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Management raised FY2026 EPS guidance to $4.60 and highlighted improving U.S. volume trends and margin progress — a clear catalyst for the stock’s upward move. Sysco Reports Second Quarter Fiscal Year 2026 Results
• Positive Sentiment: Adjusted Q2 results beat on the key metric (adjusted EPS $0.99 vs. ~$0.98 consensus) and adjusted EBITDA/adjusted net earnings expanded year‑over‑year, supporting the bullish narrative. SYY Q2 Earnings Top Estimates on Margin Strength & Local Volume Growth
• Positive Sentiment: Multiple sell‑side firms raised price targets and ratings after the results (examples: Truist to $94/buy, Jefferies to $95/buy, Wells Fargo to $92/overweight, JPMorgan to $87/overweight), which boosts analyst‑driven demand. Sysco Analysts Raise Their Forecasts Following Strong Q2 Earnings
• Neutral Sentiment: Top‑line growth was modest (sales +3.0% YoY; U.S. foodservice/local volumes only slightly higher), so upside depends on whether volume and pricing acceleration sustain into H2. Sysco Reports Second Quarter Fiscal Year 2026 Results
• Negative Sentiment: GAAP operating income and net earnings declined year‑over‑year even as adjusted figures improved, leaving some investors cautious about near‑term volatility and accounting‑line noise. Sysco: No Rush To Buy This Dividend Champion
• Negative Sentiment: Margins still face pressure from higher food and labor costs and the company carries significant leverage, so upside depends on continued margin recovery and stronger volume momentum. Why Sysco Stock Surged Today

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Truist Financial increased their target price on Sysco from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday. Guggenheim restated a “buy” rating and set a $91.00 price objective on shares of Sysco in a research report on Wednesday. Wells Fargo & Company lifted their target price on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup boosted their target price on shares of Sysco from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.38.

Institutional Trading of Sysco

A number of hedge funds have recently bought and sold shares of SYY. 1620 Investment Advisors Inc. grew its position in shares of Sysco by 2.6% in the third quarter. 1620 Investment Advisors Inc. now owns 4,904 shares of the company’s stock valued at $404,000 after purchasing an additional 126 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Sysco by 0.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 40,852 shares of the company’s stock valued at $3,364,000 after buying an additional 130 shares in the last quarter. Facet Wealth Inc. increased its stake in shares of Sysco by 1.2% in the 2nd quarter. Facet Wealth Inc. now owns 10,671 shares of the company’s stock worth $849,000 after acquiring an additional 131 shares during the last quarter. Ellis Investment Partners LLC raised its holdings in shares of Sysco by 4.9% during the 2nd quarter. Ellis Investment Partners LLC now owns 2,820 shares of the company’s stock worth $214,000 after acquiring an additional 133 shares during the period. Finally, Silver Oak Securities Incorporated boosted its position in shares of Sysco by 4.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 3,493 shares of the company’s stock valued at $288,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Price Performance

The stock has a market cap of $39.98 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.67 and a beta of 0.61. The stock’s fifty day moving average is $75.30 and its 200-day moving average is $77.82. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.30 and a quick ratio of 0.65.

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.