Recent Research Analysts’ Ratings Changes for Sysco (SYY)

A number of research firms have changed their ratings and price targets for Sysco (NYSE: SYY):

• 2/4/2025 – Sysco was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 2/4/2025 – Sysco had its price target lowered by analysts at JPMorgan Chase & Co. from $86.00 to $82.00. They now have an “overweight” rating on the stock.
• 1/29/2025 – Sysco had its price target lowered by analysts at Barclays PLC from $93.00 to $85.00. They now have an “overweight” rating on the stock.
• 1/29/2025 – Sysco had its price target lowered by analysts at Morgan Stanley from $79.00 to $77.00. They now have an “equal weight” rating on the stock.
• 1/29/2025 – Sysco had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $85.00 price target on the stock.
• 1/29/2025 – Sysco had its price target lowered by analysts at UBS Group AG from $87.00 to $86.00. They now have a “buy” rating on the stock.
• 1/29/2025 – Sysco had its price target lowered by analysts at Truist Financial Co. from $85.00 to $83.00. They now have a “buy” rating on the stock.
• 1/27/2025 – Sysco was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 1/21/2025 – Sysco had its price target lowered by analysts at Morgan Stanley from $82.00 to $79.00. They now have an “equal weight” rating on the stock.
• 1/13/2025 – Sysco was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 12/18/2024 – Sysco was upgraded by analysts at Melius Research to a “hold” rating.
• 12/18/2024 – Sysco is now covered by analysts at Melius. They set a “hold” rating and a $85.00 price target on the stock.
• 12/18/2024 – Sysco was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 12/16/2024 – Sysco had its price target raised by analysts at Jefferies Financial Group Inc. from $91.00 to $95.00. They now have a “buy” rating on the stock.
• 12/10/2024 – Sysco was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

Sysco Stock Performance

SYY traded down $0.89 on Tuesday, reaching $71.42. The company had a trading volume of 5,379,664 shares, compared to its average volume of 3,682,492. The stock has a 50-day moving average price of $76.21 and a 200-day moving average price of $76.00. The stock has a market capitalization of $34.94 billion, a PE ratio of 18.36, a P/E/G ratio of 1.93 and a beta of 1.18. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.33. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period last year, the company earned $0.89 EPS. As a group, research analysts forecast that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 3rd were paid a $0.51 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Insider Buying and Selling

In related news, SVP Eve M. Mcfadden sold 6,499 shares of Sysco stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $519,920.00. Following the completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,876,080. This trade represents a 11.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares in the company, valued at approximately $966,831.65. This trade represents a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,270 shares of company stock valued at $6,181,946 over the last quarter. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Sysco

Several large investors have recently added to or reduced their stakes in SYY. Armstrong Advisory Group Inc. lifted its holdings in shares of Sysco by 1,240.0% during 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 period. Ashton Thomas Securities LLC purchased a new position in Sysco during the third quarter worth approximately $26,000. Valley Wealth Managers Inc. purchased a new stake in shares of Sysco during the 3rd quarter valued at $31,000. Stonebridge Financial Group LLC acquired a new stake in shares of Sysco during the 4th quarter worth $31,000. Finally, Focused Wealth Management Inc purchased a new position in shares of Sysco in the 3rd quarter worth $37,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

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.