Sysco Corp. (SYY) Stock Could Soon Reward Patient Investors

Sysco Corp. (NYSE: SYY) is 8.78% higher on its value in year-to-date trading and has touched a low of $62.24 and a high of $82.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SYY stock was last observed hovering at around $79.32 in the last trading session, with the day’s gains setting it 0.23%.

Currently trading at $79.55, the stock is 2.73% and 5.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.2 million and changing 0.29% at the moment leaves the stock 10.52% off its SMA200. SYY registered 4.37% gain for a year compared to 6-month gain of 10.38%. The firm has a 50-day simple moving average (SMA 50) of $0.67 and a 200-day simple moving average (SMA200) of $12.25.

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The stock witnessed a 6.02% loss in the last 1 month and extending the period to 3 months gives it a 18.68%, and is -2.37% down 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 1.18% over the week and 1.60% over the month.

Sysco Corp. (SYY) has around Jan 04 2024 employees, a market worth around $39.60B and $77.51B in sales. Current P/E ratio is 19.41 and Fwd P/E is 16.85. Profit margin for the company is 2.69%. Distance from 52-week low is 27.82% and -4.03% from its 52-week high. The company has generated returns on investments over the last 12 months (13.72%).

Sysco Corp. quarterly earnings per share for the current quarter are estimated at $0.95 with sales reaching $19.76B over the same period.The EPS is expected to grow by 7.52% this year, but quarterly earnings will post 4.20% year-over-year.

Sysco Corp. (SYY) Top Institutional Holders

1,769 institutions hold shares in Sysco Corp. (SYY), with institutional investors hold 86.03% of the company’s shares. The shares outstanding are 505.11M, and float is at 496.78M with Short Float at 2.13%. Institutions hold 85.92% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 48.21 million shares valued at $3.58 billion. The investor’s holdings represent 9.56% of the SYY Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 32.93 million shares valued at $2.44 billion to account for 6.53% of the shares outstanding. The other top investors are State Street Corporation which holds 24.45 million shares representing 4.85% and valued at over $1.81 billion, while Wellington Management Group, LLP holds 4.64% of the shares totaling 23.4 million with a market value of $1.74 billion.

Sysco Corp. (SYY) Insider Activity

A total of 38 insider transactions have happened at Sysco Corp. (SYY) in the last six months, with sales accounting for 14 and purchases happening 24 times. The most recent transaction is an insider sale by Talton Sheila ,the company’sDirector. SEC filings show that Talton Sheila sold 2,200 shares of the company’s common stock on Nov 22 at a price of $71.76 per share for a total of $0.16 million. Following the sale, the insider now owns 12782.0 shares.

Sysco Corp. disclosed in a document filed with the SEC on Sep 01 that Russell Neil (SVP, Corp. Affairs and CAO) sold a total of 219 shares of the company’s common stock. The trade occurred on Sep 01 and was made at $69.88 per share for $15304.0. Following the transaction, the insider now directly holds 25154.0 shares of the SYY stock.

Sysco Corp. (SYY): Who are the competitors?

The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading 75.26% up over the past 12 months. Walmart Inc. (WMT) that is 16.02% higher over the same period.