Sysco Co. (NYSE:SYY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Sysco Co. (NYSE:SYY - Get Free Report) have received an average rating of "Moderate Buy" from the fifteen brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $85.93.

Several brokerages have recently commented on SYY. JPMorgan Chase & Co. boosted their price objective on Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Jefferies Financial Group lifted their price objective on shares of Sysco from $91.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Melius initiated coverage on Sysco in a research note on Wednesday, December 18th. They issued a "hold" rating and a $85.00 target price on the stock. Wells Fargo & Company lowered their price target on Sysco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Finally, Melius Research raised Sysco to a "hold" rating in a report on Wednesday, December 18th.

Insider Buying and Selling at Sysco

In other Sysco 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 transaction of $216,427.00. Following the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eve M. Mcfadden sold 4,036 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of 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 represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have 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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Sysco by 49.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,204 shares of the company's stock valued at $224,000 after buying an additional 1,054 shares in the last quarter. TD Asset Management Inc grew its holdings in Sysco by 3.3% in the second quarter. TD Asset Management Inc now owns 183,372 shares of the company's stock worth $13,091,000 after purchasing an additional 5,810 shares during the period. National Bank of Canada FI increased its stake in shares of Sysco by 19.8% during the second quarter. National Bank of Canada FI now owns 202,467 shares of the company's stock valued at $14,147,000 after purchasing an additional 33,429 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Sysco by 1.6% in the 2nd quarter. Victory Capital Management Inc. now owns 450,989 shares of the company's stock worth $32,196,000 after purchasing an additional 6,998 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Sysco by 6.3% in the 2nd quarter. Private Advisor Group LLC now owns 37,895 shares of the company's stock worth $2,705,000 after buying an additional 2,232 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

Sysco Price Performance

Shares of Sysco stock traded down $0.28 on Friday, reaching $75.43. The stock had a trading volume of 1,727,229 shares, compared to its average volume of 1,685,464. The business's 50 day moving average is $77.04 and its two-hundred day moving average is $75.69. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. Sysco has a 1 year low of $69.03 and a 1 year high of $82.89. The company has a market cap of $37.05 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 2.10 and a beta of 1.18.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business had revenue of $20.48 billion during the quarter, compared to analysts' expectations of $20.47 billion. During the same quarter last year, the business posted $1.07 EPS. The company's quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Sysco will post 4.57 EPS for the current year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, January 3rd. Sysco's dividend payout ratio (DPR) is presently 52.44%.

About Sysco

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.