Sysco Corp (NYSE: SYY) is 9.34% higher on its value in year-to-date trading and has touched a low of $69.03 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 $79.76 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $79.96, the stock is 2.70% and 4.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing 0.25% at the moment leaves the stock 5.35% off its SMA200. SYY registered 6.13% gain for a year compared to 6-month gain of 13.11%. The firm has a 50-day simple moving average (SMA 50) of $76.3748 and a 200-day simple moving average (SMA200) of $75.9021.
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The stock witnessed a 4.30% loss in the last 1 month and extending the period to 3 months gives it a 3.68%, and is -0.95% 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 2.03% over the week and 1.91% over the month.
Sysco Corp (SYY) has around 76000 employees, a market worth around $39.38B and $79.71B in sales. Current P/E ratio is 20.56 and Fwd P/E is 16.21. Profit margin for the company is 2.44%. Distance from 52-week low is 15.83% and -3.53% from its 52-week high. The company has generated returns on investments over the last 12 months (12.94%).
with sales reaching $20.11B over the same period.The EPS is expected to grow by 5.88% this year, but quarterly earnings will post 4.27% year-over-year. Quarterly sales are estimated to grow 4.26% in year-over-year returns.
Sysco Corp (SYY) Top Institutional Holders
1896.0 institutions hold shares in Sysco Corp (SYY), with institutional investors hold 88.25% of the company’s shares. The shares outstanding are 491.07M, and float is at 489.98M with Short Float at 2.61%. Institutions hold 88.09% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 54.57 million shares valued at $3.9 billion. The investor’s holdings represent 10.9219% of the SYY Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 37.1 million shares valued at $2.65 billion to account for 7.4257 of the shares outstanding. The other top investors are STATE STREET CORP which holds 24.57 million shares representing 4.9181% and valued at over $1.75 billion, while INVESCO LTD. holds 2.8856 of the shares totaling 14.42 million with a market value of $1.03 billion.
Sysco Corp (SYY) Insider Activity
The most recent transaction is an insider sale by McFadden Eve M, the company’s SVP, GC & Corp Sec. SEC filings show that McFadden Eve M sold 6,499 shares of the company’s common stock on Dec 04 ’24 at a price of $80.00 per share for a total of $0.52 million. Following the sale, the insider now owns 48451.0 shares.
Sysco Corp disclosed in a document filed with the SEC on Dec 04 ’24 that Bertrand Greg D (EVP) sold a total of 21,844 shares of the company’s common stock. The trade occurred on Dec 04 ’24 and was made at $80.00 per share for $1.75 million. Following the transaction, the insider now directly holds 60581.0 shares of the SYY stock.
Still, SEC filings show that on Dec 04 ’24, Bertrand Greg D (Officer) Proposed Sale 21,844 shares at an average price of $80.00 for $1.75 million. The insider now directly holds shares of Sysco Corp (SYY).
