Sysco Corporation (NYSE:SYY) Receives $89.38 Average Price Target from Analysts

Shares of Sysco Corporation (NYSE:SYY) have received an average rating of “Moderate Buy” from the fifteen research firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $89.6923.

Several equities research analysts recently commented on the company. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the company a “market perform” rating in a report on Wednesday, January 28th. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Barclays lifted their price target on shares of Sysco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, Guggenheim raised their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday.

Sysco Price Performance

Sysco stock opened at $90.49 on Monday. The company has a fifty day simple moving average of $77.94 and a 200-day simple moving average of $78.43. The firm has a market capitalization of $43.34 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.79 and a beta of 0.61. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. Sysco has a 52-week low of $67.12 and a 52-week high of $91.40.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. Sysco’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, equities analysts anticipate that Sysco will post 4.58 EPS for the current fiscal year.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction dated Tuesday, January 27th. The shares were 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 owned 35,965 shares of the company’s stock, valued at $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Sysco

A number of hedge funds and other institutional investors have recently bought and sold shares of SYY. Intech Investment Management LLC lifted its position in shares of Sysco by 53.1% during the first quarter. Intech Investment Management LLC now owns 22,310 shares of the company’s stock worth $1,674,000 after purchasing an additional 7,742 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in Sysco by 2.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 23,582 shares of the company’s stock worth $1,786,000 after buying an additional 607 shares in the last quarter. Aberdeen Group plc grew its stake in shares of Sysco by 5.2% in the second quarter. Aberdeen Group plc now owns 423,576 shares of the company’s stock worth $31,900,000 after acquiring an additional 20,862 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of Sysco by 15.0% in the second quarter. Apollon Wealth Management LLC now owns 7,510 shares of the company’s stock valued at $569,000 after acquiring an additional 980 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in Sysco by 3.1% in the second quarter. Concurrent Investment Advisors LLC now owns 33,654 shares of the company’s stock valued at $2,549,000 after purchasing an additional 1,024 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

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.