UBS Group Has Lowered Expectations for Sysco (NYSE:SYY) Stock Price

Sysco (NYSE:SYY - Get Free Report) had its target price cut by stock analysts at UBS Group from $87.00 to $86.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price would suggest a potential upside of 17.27% from the company's previous close.

SYY has been the subject of several other research reports. Barclays decreased their price objective on Sysco from $93.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday. Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price target for the company. StockNews.com lowered shares of Sysco from a "strong-buy" rating to a "buy" rating in a report on Monday. 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 research report on Monday, December 16th. Finally, Morgan Stanley cut their price objective on shares of Sysco from $82.00 to $79.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Sysco has an average rating of "Moderate Buy" and an average price target of $85.21.

Sysco Trading Up 2.0 %

Shares of SYY stock traded up $1.41 during trading hours on Wednesday, hitting $73.33. The company had a trading volume of 5,146,109 shares, compared to its average volume of 3,528,795. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The stock has a market capitalization of $36.02 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The company's fifty day moving average is $76.40 and its 200 day moving average is $76.00. Sysco has a fifty-two week low of $69.03 and a fifty-two week high of $82.89.

Sysco (NYSE:SYY - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. Sysco had a return on equity of 101.04% and a net margin of 2.44%. During the same period in the prior year, the company posted $0.89 earnings per share. Research analysts expect that Sysco will post 4.57 earnings per share for the current fiscal year.

Insider Activity at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 48,027 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the transaction, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $519,920.00. Following the transaction, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,876,080. This represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,306 shares of company stock valued at $6,485,050 over the last quarter. Insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On Sysco

Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in shares of Sysco by 46.4% during the 4th quarter. Allworth Financial LP now owns 9,999 shares of the company's stock worth $734,000 after purchasing an additional 3,167 shares during the period. Aveo Capital Partners LLC raised its holdings in Sysco by 21.7% in the fourth quarter. Aveo Capital Partners LLC now owns 10,476 shares of the company's stock valued at $801,000 after buying an additional 1,870 shares during the period. PUREfi Wealth LLC acquired a new position in Sysco during the fourth quarter valued at approximately $244,000. Asset Planning Inc purchased a new stake in Sysco during the fourth quarter worth approximately $162,000. Finally, V Square Quantitative Management LLC increased its position in shares of Sysco by 7.2% in the fourth quarter. V Square Quantitative Management LLC now owns 7,566 shares of the company's stock worth $578,000 after acquiring an additional 508 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

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.