SYSCO (NYSE:SYY)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Royal Bank of Canada in a report issued on Tuesday. They presently have a $61.00 price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 4.40% from the stock’s current price.
Other analysts also recently issued reports about the company. Jefferies Group set a $67.00 target price on SYSCO and gave the stock a “hold” rating in a research note on Monday. Zacks Investment Research upgraded SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a report on Wednesday, January 10th. Loop Capital increased their price target on SYSCO from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. BMO Capital Markets set a $74.00 price target on SYSCO and gave the stock a “buy” rating in a report on Monday. Finally, Pivotal Research increased their price target on SYSCO from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $64.27.
Shares of SYSCO (NYSE:SYY) opened at $58.43 on Tuesday. SYSCO has a 52 week low of $48.85 and a 52 week high of $64.27. The stock has a market capitalization of $30,450.00, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 2.21 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77.
In related news, SVP William W. Goetz sold 11,323 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $62.00, for a total transaction of $702,026.00. Following the completion of the transaction, the senior vice president now directly owns 35,825 shares in the company, valued at approximately $2,221,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Delaney III sold 150,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $54.05, for a total value of $8,107,500.00. Following the transaction, the chief executive officer now owns 526,725 shares of the company’s stock, valued at $28,469,486.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 294,695 shares of company stock valued at $16,866,723. Company insiders own 9.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. First Personal Financial Services boosted its holdings in SYSCO by 293.2% during the 3rd quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after acquiring an additional 1,463 shares during the period. Advisors Asset Management Inc. boosted its holdings in SYSCO by 465.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock valued at $150,000 after acquiring an additional 2,291 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in SYSCO by 51.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock valued at $158,000 after acquiring an additional 1,000 shares during the period. Sun Life Financial INC boosted its holdings in SYSCO by 25,571.4% during the 2nd quarter. Sun Life Financial INC now owns 3,594 shares of the company’s stock valued at $181,000 after acquiring an additional 3,580 shares during the period. Finally, Mckinley Capital Management LLC Delaware purchased a new position in SYSCO during the 2nd quarter valued at about $193,000. Institutional investors own 80.09% of the company’s stock.
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Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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