Sysco Corp (NYSE: SYY) is -7.55% 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 $70.00 in the last trading session, with the day’s gains setting it 0.69%.
Currently trading at $70.69, the stock is -1.91% and -5.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.83 million and changing 0.99% at the moment leaves the stock -5.64% off its SMA200. SYY registered -10.95% loss for a year compared to 6-month loss of -7.68%.
The stock witnessed a -3.26% gain in the last 1 month and extending the period to 3 months gives it a -5.70%, and is 0.21% 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 1.88% over the week and 1.91% over the month.
Sysco Corp (SYY) has around 76000 employees, a market worth around $34.58B and $80.57B in sales. Current P/E ratio is 18.16 and Fwd P/E is 14.27. Profit margin for the company is 2.40%. Distance from 52-week low is 2.40% and -14.14% from its 52-week high. The company has generated returns on investments over the last 12 months (13.46%).
with sales reaching $20.14B over the same period.The EPS is expected to grow by 6.06% this year, but quarterly earnings will post 4.25% year-over-year. Quarterly sales are estimated to grow 3.92% in year-over-year returns.
The shares outstanding are 489.47M, and float is at 487.90M with Short Float at 2.77%.
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
Still, SEC filings show that on Jan 02 ’25, Bertrand Greg D (EVP) disposed off 48,027 shares at an average price of $77.00 for $3.7 million. The insider now directly holds 56,304 shares of Sysco Corp (SYY).
