SYSCO Co. (NYSE:SYY) has been assigned a consensus rating of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $74.48.

A number of research firms have recently issued reports on SYY. Barclays boosted their price objective on SYSCO from $70.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday. Credit Suisse Group upped their price target on SYSCO from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on SYSCO from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday. ValuEngine upgraded SYSCO from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th. Finally, Consumer Edge initiated coverage on SYSCO in a research report on Wednesday, July 17th. They issued an “underweight” rating and a $71.75 price target on the stock.

Shares of SYY stock traded down $0.05 during trading hours on Friday, reaching $72.23. 132,461 shares of the company’s stock were exchanged, compared to its average volume of 3,097,832. SYSCO has a fifty-two week low of $59.44 and a fifty-two week high of $75.98. The company has a market capitalization of $37.10 billion, a PE ratio of 20.35, a P/E/G ratio of 1.92 and a beta of 0.52. The business’s fifty day simple moving average is $70.87. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 3.44.

SYSCO (NYSE:SYY) last released its quarterly earnings data on Monday, August 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. The business had revenue of $15.47 billion for the quarter, compared to analysts’ expectations of $15.65 billion. SYSCO had a return on equity of 77.71% and a net margin of 2.79%. SYSCO’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. Equities research analysts forecast that SYSCO will post 3.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, October 3rd. SYSCO’s payout ratio is presently 43.94%.

Hedge funds have recently made changes to their positions in the company. Gulf International Bank UK Ltd grew its holdings in shares of SYSCO by 1.3% during the first quarter. Gulf International Bank UK Ltd now owns 119,346 shares of the company’s stock worth $7,967,000 after buying an additional 1,566 shares in the last quarter. Brightworth grew its holdings in shares of SYSCO by 3.0% during the second quarter. Brightworth now owns 77,258 shares of the company’s stock worth $5,464,000 after buying an additional 2,267 shares in the last quarter. Gofen & Glossberg LLC IL bought a new position in shares of SYSCO during the first quarter worth about $304,000. BTIM Corp. grew its holdings in shares of SYSCO by 3.0% during the second quarter. BTIM Corp. now owns 785,575 shares of the company’s stock worth $55,556,000 after buying an additional 23,180 shares in the last quarter. Finally, Hartford Investment Management Co. grew its holdings in shares of SYSCO by 0.5% during the second quarter. Hartford Investment Management Co. now owns 53,216 shares of the company’s stock worth $3,763,000 after buying an additional 283 shares in the last quarter. Institutional investors own 78.30% of the company’s stock.

SYSCO Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Analyst Recommendations for SYSCO (NYSE:SYY)

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