Sysco (NYSE:SYY) Stock Rating Upgraded by Wall Street Zen

Sysco (NYSE:SYY - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other brokerages have also recently issued reports on SYY. UBS Group lowered their target price on shares of Sysco from $86.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Sysco from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Barclays decreased their price target on shares of Sysco from $87.00 to $77.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company decreased their price target on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Sanford C. Bernstein set a $87.00 price target on shares of Sysco and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.00.

Sysco Trading Down 1.0%

NYSE:SYY opened at $76.88 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 6.37. The stock has a market capitalization of $37.27 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. The firm's 50 day moving average is $73.27 and its 200 day moving average is $73.31. Sysco has a 12 month low of $67.12 and a 12 month high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly 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). Sysco had a return on equity of 107.96% and a net margin of 2.36%. The company had revenue of $19.60 billion during the quarter, compared to the consensus estimate of $20.11 billion. During the same period last year, the firm posted $0.96 EPS. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts expect that Sysco will post 4.58 earnings per share for the current year.

Insider Buying and Selling

In other Sysco news, Director Sheila Talton sold 356 shares of Sysco stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $70.84, for a total value of $25,219.04. Following the completion of the sale, the director owned 12,738 shares of the company's stock, valued at approximately $902,359.92. The trade was a 2.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Sysco

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Sysco by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 61,519,424 shares of the company's stock valued at $4,703,775,000 after acquiring an additional 429,711 shares during the period. Invesco Ltd. lifted its stake in shares of Sysco by 1.0% during the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company's stock valued at $1,280,970,000 after buying an additional 162,961 shares in the last quarter. Boston Partners lifted its stake in shares of Sysco by 24.8% during the 1st quarter. Boston Partners now owns 15,199,828 shares of the company's stock valued at $1,139,798,000 after buying an additional 3,015,714 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Sysco by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,868,965 shares of the company's stock valued at $905,120,000 after buying an additional 233,885 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Sysco by 27.3% during the 4th quarter. Capital Research Global Investors now owns 8,991,476 shares of the company's stock valued at $687,488,000 after buying an additional 1,928,002 shares in the last quarter. Institutional investors own 83.41% of the company's stock.

About Sysco

Sysco 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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