Sysco Corporation [NYSE: SYY] slipped around -0.62 points on Wednesday, while shares priced at $81.72 at the close of the session, down -0.75%. The company report on August 9, 2022 that Sysco Delivers Over 1.3 Times U.S. Market Share Growth and Strong Profit; Positive Momentum for Fiscal Year 2023.
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Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week fourth fiscal quarter and its 52-week fiscal year ended July 2, 2022. In fiscal year 2021, the fourth quarter included 14 weeks, and the year included 53 weeks.1.
Key highlights for the fourth quarter and full year of fiscal year 2022 include:.
Sysco Corporation stock is now 4.04% up from its year-to-date (YTD) trading value. SYY Stock saw the intraday high of $84.07 and lowest of $81.36 per share. The company’s 52-week high price is 91.53, which means current price is +10.48% above from all time high which was touched on 04/21/22.
Compared to the average trading volume of 2.36M shares, SYY reached a trading volume of 3311098 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Sysco Corporation [SYY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SYY shares is $95.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SYY stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Sysco Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 26, 2022. While these analysts kept the previous recommendation, CL King raised their target price to Neutral. The new note on the price target was released on March 11, 2022, representing the official price target for Sysco Corporation stock. Previously, the target price had yet another raise to $95, while Argus analysts kept a Buy rating on SYY stock.
The Average True Range (ATR) for Sysco Corporation is set at 1.89, with the Price to Sales ratio for SYY stock in the period of the last 12 months amounting to 0.63. The Price to Book ratio for the last quarter was 31.43, with the Price to Cash per share for the same quarter was set at 1.72.
How has SYY stock performed recently?
Sysco Corporation [SYY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.42. With this latest performance, SYY shares dropped by -5.41% in over the last four-week period, additionally plugging by 0.47% over the last 6 months – not to mention a rise of 4.45% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SYY stock in for the last two-week period is set at 36.82, with the RSI for the last a single of trading hit 29.38, and the three-weeks RSI is set at 41.61 for Sysco Corporation [SYY]. The present Moving Average for the last 50 days of trading for this stock 84.61, while it was recorded at 84.67 for the last single week of trading, and 81.19 for the last 200 days.
Sysco Corporation [SYY]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Sysco Corporation [SYY] shares currently have an operating margin of +3.10 and a Gross Margin at +17.01. Sysco Corporation’s Net Margin is presently recorded at +1.02.
Return on Total Capital for SYY is now 10.72, given the latest momentum, and Return on Invested Capital for the company is 3.83. Return on Equity for this stock inclined to 38.67, with Return on Assets sitting at 2.38. When it comes to the capital structure of this company, Sysco Corporation [SYY] has a Total Debt to Total Equity ratio set at 761.17. Additionally, SYY Total Debt to Total Capital is recorded at 88.39, with Total Debt to Total Assets ending up at 55.20. Long-Term Debt to Equity for the company is recorded at 722.69, with the Long-Term Debt to Total Capital now at 83.92.
Reflecting on the efficiency of the workforce at the company, Sysco Corporation [SYY] managed to generate an average of $9,038 per employee. Receivables Turnover for the company is 15.11 with a Total Asset Turnover recorded at a value of 2.33.Sysco Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.20.
Earnings analysis for Sysco Corporation [SYY]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SYY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sysco Corporation go to 52.13%.
Insider trade positions for Sysco Corporation [SYY]
There are presently around $34,846 million, or 85.70% of SYY stock, in the hands of institutional investors. The top three institutional holders of SYY stocks are: VANGUARD GROUP INC with ownership of 45,402,613, which is approximately 0.91% of the company’s market cap and around 0.10% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 35,539,582 shares of the stock with an approximate value of $2.9 billion in SYY stocks shares; and BLACKROCK INC., currently with $2.59 billion in SYY stock with ownership of nearly 0.47% of the company’s market capitalization.
Positions in Sysco Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 645 institutional holders increased their position in Sysco Corporation [NYSE:SYY] by around 28,871,375 shares. Additionally, 583 investors decreased positions by around 19,390,722 shares, while 270 investors held positions by with 378,140,949 shares. The mentioned changes placed institutional holdings at 426,403,046 shares, according to the latest SEC report filing. SYY stock had 100 new institutional investments in for a total of 1,558,001 shares, while 79 institutional investors sold positions of 4,504,258 shares during the same period.