A Technical View of the Sysco Corporation (SYY)

Sysco Corporation (NYSE:SYY) saw a downside of -0.59% to close Monday at $82.86 after subtracting -$0.49 on the day. The 5-day average trading volume is 2,559,480 shares of the company’s common stock. It has gained $83.75 in the past week. An average of 2,415,100 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,276,682.

SYY’s 1-month performance is 8.23% or $6.30 on its low of $74.52 reached on 09/20/21. The company’s shares have touched a 52-week low of $53.85 and high of $86.73, with the stock’s rally to the 52-week high happening on 05/07/21. YTD, SYY has achieved 11.58% or $8.60. However, the current price is down -4.46%% from the 52-week high price.


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Insider Transactions

On Sep 27, 15 days have gone by since the last insider trading activity for Sysco Corporation (SYY). Zielinski Anita A (SVP & CAO) most recently sold 34,737 shares at $81.83 per share on Sep 27. This transaction cost the insider $2,842,578. EVP, Robinson Cathy Marie, sold 7,101 shares at a price of $80.00 on Sep 23. Then, on Aug 30, EVP Robinson Cathy Marie sold 32,923 shares at a price of $80.29 per share. This transaction amounted to $2,643,388.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 180.00 and a low of 8.951. SYY stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.82 while the price-to-book (PB) in the most recent quarter is 27.35, with the price to cash flow ratio at 81.87.

Sysco Corporation pays an annual dividend of $1.88 per share. Its dividend yield is 2.27% and the payout ratio is 175.30%. SYY paid $0.47 a share compared with prior rate of $0.47, down 0.0% from last year’s. The company has boosted its dividend for the last 41 consecutive years with the latest dividend increase of $0.02 reported on Friday May 21 2021. Measured over the last 3 years, the Dividend has been growing by 36.36% yearly.

It is projected that Sysco Corporation’s next ex-dividend date will be on 5-Jan. SYY is expected to distribute $0.47 as its next dividend.

Sysco Corporation’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.50 meaning that SYY stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 6.82, while the total debt to equity was 7.14. In terms of profitability, the gross margin trailing 12 months is 18.20%. The trailing 12-month EBITDA margin is 4.63% while for the period ending June 29; Sysco Corporation’s operating margin was 2.80%. The firm’s gross profit as reported stood at $9.36 billion against revenue of $51.3 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SYY to announce $0.6 per share in earnings in its latest quarter, but it posted $0.71, representing a 18.30% surprise. EBITDA for the quarter stood at more than $804.25 million. SYY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 19.86 billion, with total debt at $11.82 billion. Shareholders hold equity totaling $512.08 million

Technical Picture

Let’s look briefly at Sysco Corporation (SYY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 65.20% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.72%.

The stock’s 5-day moving average is $82.19, reflecting a +1.77% or $1.44 change from its current price. SYY is currently trading +7.79% above its 20-day SMA, +2.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +11.67% and +13.71% respectively.

Stochastic %K and %D was 93.95% and 90.18% and the average true range (ATR) pointed at 1.76. The RSI (14) points at 62.88%, while the 14-day stochastic is at 87.29% with the period’s ATR at 1.74. The stock’s 9-day MACD Oscillator is pointing at 1.63 and 2.10 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sysco Corporation (NYSE: SYY), UBS launched coverage with a Buy rating. Analysts offering their rating for SYY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SYY as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.

What is SYY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $80.00 and a high of $97.00, with their median price target at $91.50. Looking at these predictions, the average price target given by analysts is for Sysco Corporation (SYY) stock is $90.20.

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