Key Points
- Sysco EVP Ronald Phillips sold 6,285 shares for approximately $527,563, reducing his holdings by 13.59%. The transaction occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards.
- Sysco’s latest quarterly results exceeded expectations, with adjusted EPS of $1.53 versus the $1.51 consensus and revenue of $22.12 billion, up 4.7% year over year.
- Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $89.50; shares recently opened at $84.76.
Sysco Corporation (NYSE:SYY - Get Free Report) EVP Ronald Phillips sold 367 shares of Sysco stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $83.39, for a total value of $30,604.13. Following the completion of the sale, the executive vice president directly owned 38,650 shares of the company's stock, valued at approximately $3,223,023.50. This trade represents a 0.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sysco Trading Up 0.6%
Shares of Sysco stock opened at $84.76 on Thursday. The stock has a market capitalization of $40.58 billion, a P/E ratio of 23.16, a P/E/G ratio of 2.89 and a beta of 0.64. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28. The stock's 50-day simple moving average is $81.89 and its 200 day simple moving average is $80.56.
Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.02. The firm had revenue of $22.12 billion during the quarter, compared to analyst estimates of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, research analysts anticipate that Sysco Corporation will post 5.1 EPS for the current year.
Analyst Upgrades and Downgrades
SYY has been the subject of a number of recent research reports. UBS Group lifted their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Melius Research downgraded Sysco from a "hold" rating to a "sell" rating in a research report on Tuesday, July 7th. Morgan Stanley raised their price target on Sysco from $84.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 16th. Barclays reduced their price target on Sysco from $92.00 to $86.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Sysco in a research note on Friday, June 26th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $89.50.
Get Our Latest Stock Report on SYY
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in SYY. Saranac Partners Ltd bought a new stake in Sysco during the second quarter valued at $242,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Sysco during the second quarter worth about $8,244,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Sysco in the 2nd quarter worth about $20,635,000. Globeflex Capital L P purchased a new stake in shares of Sysco in the 2nd quarter valued at about $152,000. Finally, Haverford Trust Co purchased a new stake in shares of Sysco in the 2nd quarter valued at about $811,000. Institutional investors own 83.41% of the company's stock.
About Sysco
(
Get Free Report)
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.
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