Sysco Corp (NYSE: SYY) is -6.62% lower on its value in year-to-date trading and has touched a low of $69.03 and a high of $82.33 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 $72.31 in the last trading session, with the day’s loss setting it -0.91%.
Currently trading at $71.40, the stock is -2.99% and -6.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.45 million and changing -1.26% at the moment leaves the stock -5.04% off its SMA200. SYY registered -13.31% loss for a year compared to 6-month loss of -6.92%. The firm has a 50-day simple moving average (SMA 50) of $76.1544 and a 200-day simple moving average (SMA200) of $75.2069.
The stock witnessed a -5.69% gain in the last 1 month and extending the period to 3 months gives it a -4.74%, and is -1.22% 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 2.09% over the week and 1.89% over the month.
Sysco Corp (SYY) has around 76000 employees, a market worth around $34.93B and $80.57B in sales. Current P/E ratio is 18.34 and Fwd P/E is 14.40. Profit margin for the company is 2.40%. Distance from 52-week low is 3.43% and -13.28% from its 52-week high. The company has generated returns on investments over the last 12 months (13.46%).
The EPS is expected to grow by 6.00% this year.
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 489.47M, and float is at 487.99M with Short Float at 2.87%. 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
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Sysco Corp disclosed in a document filed with the SEC on Jan 02 ’25 that Bertrand Greg D (EVP) sold a total of 48,027 shares of the company’s common stock. The trade occurred on Jan 02 ’25 and was made at $77.00 per share for $3.7 million. Following the transaction, the insider now directly holds 56304.0 shares of the SYY stock.
Still, SEC filings show that on Jan 02 ’25, Bertrand Greg D (Officer) Proposed Sale 48,027 shares at an average price of $77.00 for $3.7 million. The insider now directly holds shares of Sysco Corp (SYY).
