SYSCO Co. (NYSE:SYY) has received an average rating of “Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $66.67.
SYY has been the topic of a number of research analyst reports. Pivotal Research cut their price target on shares of SYSCO from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday, May 2nd. Credit Suisse Group set a $68.00 price target on shares of SYSCO and gave the stock a “hold” rating in a report on Saturday, May 5th. Citigroup upped their price target on shares of SYSCO from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, June 19th. Zacks Investment Research upgraded shares of SYSCO from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Morgan Stanley restated a “hold” rating and issued a $61.00 price target (down from $64.00) on shares of SYSCO in a report on Tuesday, May 8th.
SYSCO opened at $69.36 on Friday, MarketBeat.com reports. The company has a current ratio of 1.44, a quick ratio of 0.90 and a debt-to-equity ratio of 3.76. SYSCO has a twelve month low of $48.85 and a twelve month high of $69.38. The firm has a market cap of $35.71 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.89 and a beta of 0.57.
SYSCO (NYSE:SYY) last posted its quarterly earnings data on Monday, May 7th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. SYSCO had a net margin of 2.23% and a return on equity of 64.33%. The business had revenue of $14.35 billion for the quarter, compared to analysts’ expectations of $14.32 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. analysts anticipate that SYSCO will post 2.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, July 6th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, July 5th. SYSCO’s dividend payout ratio (DPR) is presently 58.06%.
In related news, Director Trian Fund Management, L.P. sold 2,278,939 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $66.14, for a total value of $150,729,025.46. Following the completion of the sale, the director now directly owns 4,657 shares of the company’s stock, valued at $308,013.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul T. Moskowitz sold 30,667 shares of the company’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $62.50, for a total transaction of $1,916,687.50. Following the completion of the sale, the insider now directly owns 58,329 shares of the company’s stock, valued at $3,645,562.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,170,634 shares of company stock valued at $209,545,504. 9.60% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its stake in SYSCO by 47.2% in the second quarter. Private Trust Co. NA now owns 9,710 shares of the company’s stock worth $663,000 after acquiring an additional 3,113 shares during the period. Park National Corp OH lifted its stake in SYSCO by 0.8% in the second quarter. Park National Corp OH now owns 147,120 shares of the company’s stock worth $10,047,000 after acquiring an additional 1,168 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in shares of SYSCO during the first quarter valued at about $223,000. Chesapeake Wealth Management purchased a new stake in shares of SYSCO during the first quarter valued at about $542,000. Finally, Suntrust Banks Inc. lifted its position in shares of SYSCO by 66.5% during the first quarter. Suntrust Banks Inc. now owns 322,413 shares of the company’s stock valued at $19,330,000 after buying an additional 128,801 shares during the last quarter. 79.87% of the stock is owned by institutional investors.
Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg.
Receive News & Ratings for SYSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SYSCO and related companies with MarketBeat.com's FREE daily email newsletter.