Sysco Corporation (NYSE:SYY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $83.23.
A number of equities analysts recently commented on SYY shares. Bank of America lifted their target price on shares of Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Guggenheim reiterated a "buy" rating and issued a $82.00 target price on shares of Sysco in a research report on Tuesday, July 8th. Wells Fargo & Company decreased their price objective on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Citigroup began coverage on shares of Sysco in a research report on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 price objective on the stock. Finally, Barclays decreased their price objective on shares of Sysco from $87.00 to $77.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th.
Read Our Latest Stock Report on SYY
Sysco Price Performance
Shares of NYSE SYY traded up $0.39 during mid-day trading on Thursday, reaching $80.25. 2,951,667 shares of the company were exchanged, compared to its average volume of 2,574,986. Sysco has a 52 week low of $67.12 and a 52 week high of $82.23. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 6.37. The stock has a market capitalization of $38.90 billion, a PE ratio of 20.79, a PEG ratio of 2.40 and a beta of 0.81. The company's 50 day moving average price is $75.40 and its 200 day moving average price is $73.47.
Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.06). The business had revenue of $19.60 billion during the quarter, compared to analysts' expectations of $20.11 billion. Sysco had a return on equity of 107.96% and a net margin of 2.36%. Sysco's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. Sell-side analysts forecast that Sysco will post 4.58 earnings per share for the current fiscal year.
Insider Activity
In other news, EVP Greg D. Bertrand sold 40,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total value of $3,200,000.00. Following the sale, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. This trade represents a 41.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ronald L. Phillips sold 37,606 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the completion of the sale, the executive vice president owned 30,235 shares in the company, valued at $2,449,035. This represents a 55.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,962 shares of company stock worth $6,271,305. Corporate insiders own 0.54% of the company's stock.
Institutional Trading of Sysco
Institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in Sysco by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 223,510 shares of the company's stock worth $16,772,000 after purchasing an additional 4,932 shares during the last quarter. Fiduciary Trust Co grew its position in Sysco by 0.3% during the 4th quarter. Fiduciary Trust Co now owns 66,495 shares of the company's stock worth $5,084,000 after purchasing an additional 196 shares during the last quarter. UniSuper Management Pty Ltd grew its position in Sysco by 23.2% during the 4th quarter. UniSuper Management Pty Ltd now owns 42,904 shares of the company's stock worth $3,280,000 after purchasing an additional 8,076 shares during the last quarter. Boyd Watterson Asset Management LLC OH grew its position in Sysco by 106.4% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 3,147 shares of the company's stock worth $236,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Sysco during the 1st quarter worth approximately $202,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.
Sysco Company Profile
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Get Free ReportSysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.
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