Sysco (NYSE:SYY) Stock Rating Upgraded by Wall Street Zen

Sysco (NYSE:SYY) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts have also commented on SYY. UBS Group set a $90.00 price target on shares of Sysco in a research report on Wednesday, July 30th. Truist Financial increased their target price on Sysco from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Weiss Ratings downgraded Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Barclays upped their price objective on Sysco from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company set a $88.00 price objective on Sysco and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.85.

Sysco Stock Up 0.5%

Sysco stock opened at $78.44 on Friday. Sysco has a fifty-two week low of $67.12 and a fifty-two week high of $83.47. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82. The stock’s fifty day moving average is $80.81 and its two-hundred day moving average is $76.41. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.70 and a current ratio of 1.21.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. Sysco had a net margin of 2.25% and a return on equity of 109.52%. The business had revenue of $21.14 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same period in the previous year, the firm earned $1.39 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Analysts predict that Sysco will post 4.58 EPS for the current fiscal year.

Insider Transactions at Sysco

In other news, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the transaction, the executive vice president directly owned 30,235 shares of the company’s stock, valued at $2,449,035. The trade was a 55.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Greg D. Bertrand sold 40,000 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the sale, the executive vice president owned 56,304 shares of the company’s stock, valued at $4,504,320. The trade was a 41.54% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,338 shares of company stock valued at $7,439,331. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Sysco

Several institutional investors have recently bought and sold shares of the business. Chung Wu Investment Group LLC purchased a new position in shares of Sysco in the 2nd quarter valued at $30,000. Darwin Wealth Management LLC acquired a new stake in Sysco in the 2nd quarter valued at $31,000. Vermillion & White Wealth Management Group LLC raised its position in Sysco by 94.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock valued at $32,000 after purchasing an additional 204 shares during the period. Golden State Wealth Management LLC raised its position in Sysco by 48.4% in the first quarter. Golden State Wealth Management LLC now owns 429 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Sysco during the first quarter worth about $33,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

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.