Sysco Co. (NYSE:SYY) Given Average Rating of “Moderate Buy” by Brokerages

Sysco Co. (NYSE:SYY) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Two investment 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 covered the stock in the last year is $85.77.

SYY has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. increased their price target on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Barclays upped their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price objective on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

Insider Activity

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were 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 owns 48,451 shares of the company’s stock, valued at $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sysco

Several institutional investors and hedge funds have recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its stake in Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after acquiring an additional 310 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Sysco during the third quarter worth about $26,000. TruNorth Capital Management LLC acquired a new position in Sysco during the second quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Sysco in the third quarter valued at approximately $31,000. Finally, Focused Wealth Management Inc acquired a new position in shares of Sysco in the third quarter valued at approximately $37,000. Institutional investors own 83.41% of the company’s stock.

Sysco Price Performance

Shares of NYSE:SYY opened at $74.95 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. The firm has a 50-day simple moving average of $76.00 and a 200 day simple moving average of $74.74. The company has a market cap of $36.82 billion, a PE ratio of 19.27, a P/E/G ratio of 2.01 and a beta of 1.20. Sysco has a fifty-two week low of $69.03 and a fifty-two week high of $82.89.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share 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 company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same period in the prior year, the company posted $1.07 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Sysco will post 4.57 EPS for the current year.

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.