Sysco Corporation (NYSE: SYY) is 2.34% higher on its value in year-to-date trading and has touched a low of $26.00 and a high of $85.13 in the current 52-week trading range. The SYY stock was last observed hovering at around $72.77 in the last trading session, with the day’s gains setting it 3.23% off its average median price target of $78.00 for the next 12 months. It is also 13.64% off the consensus price target high of $88.00 offered by 12 analysts, but current levels are -16.92% lower than the price target low of $65.00 for the same period.
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Currently trading at $76.00, the stock is 2.74% and 8.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.64 million and changing 4.44% at the moment leaves the stock 27.75% off its SMA200. SYY registered -9.05% loss for a year compared to 6-month gain of 43.10%. The firm has a 50-day simple moving average (SMA 50) of $73.46 and a 200-day simple moving average (SMA200) of $63.17.
The stock witnessed a -2.71% loss in the last 1 month and extending the period to 3 months gives it a 17.52%, and is 4.35% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.07% over the week and 2.79% over the month.
Sysco Corporation (SYY) has around 57000 employees, a market worth around $38.21B and $49.37B in sales. Fwd P/E is 23.91. Profit margin for the company is 0.00%. Distance from 52-week low is 192.31% and -10.72% from its 52-week high. The company has generated returns on investments over the last 12 months (3.90%).
Sysco Corporation (SYY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Sysco Corporation (SYY) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.50, where 5 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Sysco Corporation is expected to release its quarterly report on 05/10/2021 and quarterly earnings per share for the current quarter are estimated at $0.36 with sales reaching $12.46B over the same period.The EPS is expected to shrink by -87.00% this year, but quarterly earnings will post -3.50% year-over-year. Quarterly sales are estimated to shrink -17.10% in year-over-year returns.
Sysco Corporation (SYY) Top Institutional Holders
1,518 institutions hold shares in Sysco Corporation (SYY), with 708.01k shares held by insiders accounting for 0.14% while institutional investors hold 83.75% of the company’s shares. The shares outstanding are 509.13M, and float is at 508.65M with Short Float at 1.88%. Institutions hold 83.63% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 43.32 million shares valued at $2.7 billion. The investor’s holdings represent 8.50% of the SYY Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 33.1 million shares valued at $2.06 billion to account for 6.50% of the shares outstanding. The other top investors are Wellington Management Company, LLP which holds 28.95 million shares representing 5.68% and valued at over $1.8 billion, while State Street Corporation holds 5.02% of the shares totaling 25.57 million with a market value of $1.59 billion.
Sysco Corporation (SYY) Insider Activity
A total of 74 insider transactions have happened at Sysco Corporation (SYY) in the last six months, with sales accounting for 34 and purchases happening 40 times. The most recent transaction is an insider sale by Bertrand Greg D, the company’s EVP. SEC filings show that Bertrand Greg D sold 36,403 shares of the company’s common stock on Dec 07 at a price of $76.97 per share for a total of $2.8 million. Following the sale, the insider now owns 38403.0 shares.
Sysco Corporation disclosed in a document filed with the SEC on Dec 03 that Frank Joshua D. (Director) sold a total of 250,000 shares of the company’s common stock. The trade occurred on Dec 03 and was made at $73.32 per share for $18.33 million. Following the transaction, the insider now directly holds 20.59 million shares of the SYY stock.
Still, SEC filings show that on Dec 03, PELTZ NELSON (Director) disposed off 250,000 shares at an average price of $73.32 for $18.33 million. The insider now directly holds 20,593,928 shares of Sysco Corporation (SYY).
Sysco Corporation (SYY): Who are the competitors?
The company’s main competitors (and peers) include AMCON Distributing Company (DIT) that is trading 34.48% up over the past 12 months. United Natural Foods Inc. (UNFI) is 97.58% up on the 1-year trading charts. Short interest in the company’s stock has fallen -8.14% from the last report on Nov 12, 2020 to stand at a total of 10.36 million short shares sold with a short interest ratio of 3.23.