Sysco Corp (NYSE: SYY) is -5.47% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SYY stock was last observed hovering at around $76.86 in the last trading session, with the day’s loss setting it -4.58%.
Currently trading at $72.28, the stock is -3.05% and -5.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.59 million and changing -5.96% at the moment leaves the stock -3.97% off its SMA200. SYY registered -3.97% loss for a year compared to 6-month gain of -0.78%. The firm has a 50-day simple moving average (SMA 50) of $76.3912 and a 200-day simple moving average (SMA200) of $75.27095.
The stock witnessed a -6.77% loss in the last 1 month and extending the period to 3 months gives it a -2.82%, and is -1.65% 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 2.28% over the week and 1.69% over the month.
Sysco Corp (SYY) has around 76000 employees, a market worth around $35.51B and $79.71B in sales. Current P/E ratio is 18.58 and Fwd P/E is 14.64. Profit margin for the company is 2.44%. Distance from 52-week low is 4.71% and -12.80% from its 52-week high. The company has generated returns on investments over the last 12 months (12.94%).
with sales reaching $20.18B over the same period.The EPS is expected to grow by 5.90% this year, but quarterly earnings will post 4.27% year-over-year. Quarterly sales are estimated to grow 4.14% in year-over-year returns.
Sysco Corp (SYY) Top Institutional Holders
1899.0 institutions hold shares in Sysco Corp (SYY), with institutional investors hold 87.99% of the company’s shares. The shares outstanding are 491.07M, and float is at 489.98M with Short Float at 2.86%. Institutions hold 87.83% 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 Bertrand Greg D, the company’s EVP. SEC filings show that Bertrand Greg D sold 48,027 shares of the company’s common stock on Jan 02 ’25 at a price of $77.00 per share for a total of $3.7 million. Following the sale, the insider now owns 56304.0 shares.
Still, SEC filings show that on Dec 04 ’24, McFadden Eve M (SVP, GC & Corp Sec) disposed off 6,499 shares at an average price of $80.00 for $0.52 million. The insider now directly holds 48,451 shares of Sysco Corp (SYY).
