Sysco (NYSE:SYY) Rating Increased to B- at TheStreet

Sysco (NYSE:SYY) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Wednesday, TheStreetRatingsTable reports.

A number of other equities analysts have also weighed in on SYY. Barclays lifted their price objective on Sysco from $80.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 21st. UBS Group initiated coverage on Sysco in a research note on Thursday, July 29th. They issued a “buy” rating and a $89.00 price target for the company. Finally, Morgan Stanley lifted their price target on Sysco from $88.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, May 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.78.

Shares of SYY opened at $76.76 on Wednesday. The stock has a 50-day moving average of $75.85 and a two-hundred day moving average of $78.74. The stock has a market cap of $39.31 billion, a P/E ratio of 76.00, a P/E/G ratio of 2.44 and a beta of 1.45. Sysco has a one year low of $53.85 and a one year high of $86.73. The company has a debt-to-equity ratio of 6.82, a quick ratio of 0.96 and a current ratio of 1.47.

Sysco (NYSE:SYY) last released its quarterly earnings data on Monday, August 9th. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.11. The business had revenue of $16.14 billion during the quarter, compared to analyst estimates of $14.65 billion. Sysco had a return on equity of 52.19% and a net margin of 1.02%. The company’s revenue was up 82.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.29) EPS. Analysts predict that Sysco will post 3.49 EPS for the current fiscal year.

In related news, EVP Greg D. Bertrand sold 7,230 shares of Sysco stock in a transaction dated Friday, August 27th. The stock was sold at an average price of $80.00, for a total value of $578,400.00. Following the sale, the executive vice president now directly owns 32,238 shares in the company, valued at approximately $2,579,040. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.17% of the company’s stock.

Several institutional investors have recently modified their holdings of SYY. Geneos Wealth Management Inc. boosted its stake in Sysco by 2.0% in the first quarter. Geneos Wealth Management Inc. now owns 6,953 shares of the company’s stock valued at $589,000 after acquiring an additional 134 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its stake in shares of Sysco by 0.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 31,796 shares of the company’s stock worth $2,504,000 after buying an additional 140 shares during the period. Octavia Wealth Advisors LLC boosted its stake in shares of Sysco by 2.0% during the first quarter. Octavia Wealth Advisors LLC now owns 7,310 shares of the company’s stock worth $579,000 after buying an additional 142 shares during the period. SeaCrest Wealth Management LLC boosted its stake in shares of Sysco by 1.2% during the second quarter. SeaCrest Wealth Management LLC now owns 12,413 shares of the company’s stock worth $965,000 after buying an additional 149 shares during the period. Finally, Tower Bridge Advisors boosted its stake in shares of Sysco by 2.0% during the first quarter. Tower Bridge Advisors now owns 7,650 shares of the company’s stock worth $602,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 79.81% of the company’s stock.

Sysco Company Profile

Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The U.S. Foodservice Operations consists of U.S.

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Analyst Recommendations for Sysco (NYSE:SYY)

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