Analysts Set Sysco Co. (NYSE:SYY) PT at $85.93

Shares of Sysco Co. (NYSE:SYY) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $85.93.

Several analysts recently issued reports on SYY shares. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Melius began coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price for the company. Jefferies Financial Group raised their price target on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company cut their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th.

Insider Buying and Selling at Sysco

In related news, Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. This trade represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Armstrong Advisory Group Inc. raised its holdings in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after acquiring an additional 310 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Sysco during the third quarter valued at about $26,000. Valley Wealth Managers Inc. purchased a new position in Sysco during the third quarter worth about $31,000. Focused Wealth Management Inc bought a new stake in Sysco in the 3rd quarter worth about $37,000. Finally, Fairscale Capital LLC purchased a new stake in Sysco in the 2nd quarter valued at about $38,000. 83.41% of the stock is owned by institutional investors.

Sysco Trading Down 1.6 %

Shares of Sysco stock opened at $73.66 on Friday. Sysco has a 1 year low of $69.03 and a 1 year high of $82.89. The company has a market capitalization of $36.18 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 2.10 and a beta of 1.18. The business has a fifty day simple moving average of $77.02 and a two-hundred day simple moving average of $75.73. 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 (NYSE:SYY) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same quarter last year, the company posted $1.07 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts forecast that Sysco will post 4.57 EPS for the current year.

Sysco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.77%. Sysco’s dividend 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.