Sysco (NYSE:SYY) Rating Increased to Hold at Argus

Sysco (NYSE:SYY) was upgraded by research analysts at Argus to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on SYY. Sanford C. Bernstein set a $90.00 price objective on Sysco and gave the stock a “market perform” rating in a research note on Wednesday. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a report on Wednesday. Jefferies Financial Group raised their price target on shares of Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.38.

Sysco Trading Up 0.6%

NYSE:SYY opened at $84.02 on Thursday. The firm has a 50-day simple moving average of $75.47 and a 200-day simple moving average of $77.86. Sysco has a one year low of $67.12 and a one year high of $85.33. The firm has a market cap of $40.23 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.66 and a beta of 0.61. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.65 and a current ratio of 1.30.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $20.76 billion for the quarter, compared to analyst estimates of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. Sysco’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Equities analysts anticipate that Sysco will post 4.58 EPS for the current fiscal year.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the sale, the executive vice president owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. The trade was a 13.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SYY. Jackson Grant Investment Advisers Inc. purchased a new stake in Sysco in the third quarter valued at approximately $25,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Sysco in the fourth quarter worth $27,000. Chung Wu Investment Group LLC purchased a new position in shares of Sysco during the second quarter worth $30,000. Finally, Peterson Wealth Services lifted its position in Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company’s stock valued at $30,000 after purchasing an additional 324 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

About Sysco

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.