Analysts Set Sysco Corporation (NYSE:SYY) Target Price at $86.00

Sysco Corporation (NYSE:SYY) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $86.00.

A number of equities analysts have recently issued reports on SYY shares. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Morgan Stanley set a $88.00 target price on Sysco in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Citigroup lowered their price objective on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 7th. Finally, Piper Sandler cut their target price on shares of Sysco from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, December 12th.

Sysco Stock Performance

Shares of SYY stock opened at $78.70 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The company has a 50 day moving average price of $74.85 and a 200-day moving average price of $77.74. Sysco has a 52 week low of $67.12 and a 52 week high of $83.47. The firm has a market capitalization of $37.69 billion, a PE ratio of 21.10, a P/E/G ratio of 2.59 and a beta of 0.61.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.03. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. During the same quarter last year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities research analysts expect that Sysco will post 4.58 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 2nd will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. Sysco’s payout ratio is presently 57.91%.

Hedge Funds Weigh In On Sysco

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. purchased a new stake in Sysco in the third quarter worth about $25,000. Harbor Capital Advisors Inc. increased its holdings in Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in Sysco during the 2nd quarter worth approximately $30,000. Peterson Wealth Services raised its stake in Sysco by 875.7% during the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after acquiring an additional 324 shares during the period. Finally, Marquette Asset Management LLC lifted its holdings in Sysco by 367.4% during the fourth quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock valued at $30,000 after purchasing an additional 316 shares in the last quarter. 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.