Sysco (NYSE:SYY) Announces Earnings Results

Sysco (NYSE:SYY) announced its quarterly earnings data on Tuesday. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93, Zacks reports. Sysco had a net margin of 2.44% and a return on equity of 101.04%. Sysco updated its FY 2025 guidance to 4.570-4.610 EPS.

Sysco Trading Up 2.7 %

Shares of SYY stock opened at $76.83 on Tuesday. 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 market cap of $37.74 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The business has a 50-day moving average price of $76.45 and a two-hundred day moving average price of $75.99. Sysco has a 12-month low of $69.03 and a 12-month high of $82.89.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.66%. Sysco’s payout ratio is 52.44%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SYY shares. Melius began coverage on Sysco in a research note on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price on the stock. Jefferies Financial Group raised their target price on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Morgan Stanley cut their price target 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. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company reduced their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.79.

Insider Activity at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the transaction, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now directly owns 12,955 shares of the company’s stock, valued at $966,831.65. This represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,306 shares of company stock valued at $6,485,050. Corporate insiders own 0.54% of the company’s stock.

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.