Sysco Corporation (NYSE:SYY) Stock Has Consensus Target Price of $90.42

Key Points

• Analyst consensus is “Moderate Buy” for Sysco, with 9 buy, 6 hold and 1 sell rating among 16 analysts. The average 12-month price target is $90.42, above the stock’s reported $82.23 opening price.
• Sysco exceeded quarterly expectations, reporting $1.53 EPS versus the $1.51 consensus estimate and $22.12 billion in revenue, up 4.7% year over year. Analysts expect approximately $5.10 in EPS for the current year.
• The company declared a quarterly dividend of $0.55 per share, equivalent to a $2.20 annualized payout and a 2.7% yield. Institutional investors own 83.41% of Sysco, while insiders have recently sold shares under a pre-arranged trading plan.

Shares of Sysco Corporation (NYSE:SYY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $90.42.

SYY has been the topic of several recent analyst reports. Citigroup lifted their price target on shares of Sysco from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Melius Research lowered shares of Sysco from a "hold" rating to a "sell" rating in a report on Tuesday, July 7th. Wall Street Zen upgraded shares of Sysco from a "hold" rating to a "buy" rating in a report on Saturday, October 3rd. Morgan Stanley raised their target price on shares of Sysco from $88.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Weiss Ratings raised shares of Sysco from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday.

Sysco Trading Up 0.1%

NYSE SYY opened at $82.23 on Friday. The stock has a market cap of $40.45 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.87 and a beta of 0.64. Sysco has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The stock has a 50 day simple moving average of $80.64 and a two-hundred day simple moving average of $78.89. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28.

Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. The firm had revenue of $22.12 billion for the quarter, compared to analysts' expectations of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, analysts forecast that Sysco will post 5.10 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 2nd will be given a dividend of $0.55 per share. The ex-dividend date is Friday, October 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.7%. Sysco's payout ratio is currently 60.11%.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald Phillips sold 7,350 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $83.61, for a total value of $614,533.50. Following the completion of the sale, the executive vice president directly owned 38,650 shares in the company, valued at $3,231,526.50. This trade represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 15,525 shares of company stock valued at $1,299,736 over the last ninety days. 0.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. raised its holdings in Sysco by 87.6% in the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company's stock worth $26,000 after purchasing an additional 170 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Sysco during the second quarter valued at $29,000. Markowski Investments bought a new stake in shares of Sysco during the 2nd quarter valued at $31,000. Evolution Wealth Management Inc. boosted its holdings in shares of Sysco by 257.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 447 shares of the company's stock valued at $32,000 after buying an additional 322 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new stake in shares of Sysco during the 2nd quarter valued at $32,000. Institutional investors own 83.41% of the company's stock.

About Sysco

Sysco Corporation is a global foodservice distributor headquartered in Houston, Texas. The company supplies restaurants, hotels, healthcare facilities, educational institutions, government organizations and other foodservice customers with a broad range of products and related services.

Sysco's offerings include fresh and frozen foods, meat and seafood, dairy products, produce, canned and dry goods, beverages, specialty and international foods, and prepared and ready-to-use items. The company also distributes nonfood products such as kitchen equipment, tableware, cleaning supplies and other operating supplies.

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