Sysco Co. (NYSE:SYY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Sysco Co. (NYSE:SYY) have earned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $85.93.

A number of brokerages have recently weighed in on SYY. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th. Melius initiated coverage on Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target on the stock. Jefferies Financial Group raised their price objective on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. upped their target price on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Melius Research raised shares of Sysco to a “hold” rating in a research report on Wednesday, December 18th.

Insider Activity at Sysco

In related news, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the sale, the director now owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,306 shares of company stock worth $6,485,050 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Sysco

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Koshinski Asset Management Inc. boosted its holdings in Sysco by 3.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock worth $383,000 after buying an additional 146 shares during the last quarter. Cable Hill Partners LLC boosted its stake in shares of Sysco by 3.9% in the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock worth $316,000 after acquiring an additional 152 shares during the last quarter. Capstone Triton Financial Group LLC increased its position in shares of Sysco by 1.4% during the second quarter. Capstone Triton Financial Group LLC now owns 12,691 shares of the company’s stock worth $906,000 after purchasing an additional 175 shares in the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group raised its stake in Sysco by 1.1% in the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 17,045 shares of the company’s stock valued at $1,217,000 after purchasing an additional 178 shares during the last quarter. Finally, L.M. Kohn & Company lifted its holdings in Sysco by 2.4% in the 3rd quarter. L.M. Kohn & Company now owns 7,739 shares of the company’s stock valued at $604,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Down 0.4 %

Shares of NYSE:SYY opened at $75.43 on Friday. The business’s 50-day moving average is $77.04 and its 200 day moving average is $75.67. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. Sysco has a 1 year low of $69.03 and a 1 year high of $82.89. The firm has a market capitalization of $37.05 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.10 and a beta of 1.18.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). The company had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. On average, research analysts predict that Sysco will post 4.57 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s payout ratio is currently 52.44%.

Sysco Company Profile

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.