At the last check on Thursday, Sysco Corporation’s (NYSE:SYY) stock was down -$0.02, moving down -0.03 percent to $72.06. The average number of shares traded per day over the past five days has been 2,013,073 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.03 fall in that time frame. In the last twenty days, the average volume was 2,462,538, while in the previous 50 days, it was 2,393,077.
Since last month, SYY stock retreated -2.82%. Shares of the company fell to $70.18 on 08/15/23, the lowest level in the past month. A 52-week high of $87.41 was reached on 01/24/23 after having rallying from a 52-week low of $69.22. Since the beginning of this year, SYY’s stock price has dropped by -5.74% or -$4.41, and marked a new high 9 times. However, the stock has declined by -17.56% since its 52-week high.
SYY stock investors should be aware that Sysco Corporation (SYY) stock had its last reported insider trading activity 196 days ago on Feb 02. Talton Sheila, the Director of the company, disposed of 2,469 shares for $77.24 on Feb 02. It resulted in a $190,696 divestment by the insider. Bertrand Greg D sold 12,000 shares at an average price of $85.00 on Oct 28. The insider now owns 40,931 shares following the transaction. On Oct 24, President and CEO Hourican Kevin sold 75,019 shares at $81.22 apiece. The transaction was valued at $6,093,043.
Valuation Metrics
Right now, Sysco Corporation (SYY) has a P/E ratio of about 20.74. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 0.48, the price-to-book (PB) ratio of 23.25, and the price-to-cash flow ratio of 31.52 may also be considered.
The latest dividend of $0.50 per share was paid out, which is 2.04% more than last year’s $0.49. On Thursday April 27 2023, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, Sysco Corporation’s quick ratio stood at 0.70, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 6.51, and the total debt-to-equity ratio was 6.97. On the profitability front, the trailing twelve-month gross margin is 18.30% percent. In the year ended June 29, EBITDA margin amounted to 5.39%, whereas operating margins totaled 3.00%. Based on annual data, SYY earned $12.32 billion in gross profit and brought in $68.64 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.20%. Return on equity (ROE) for the past 12 months was 103.10%.
In Sysco Corporation’s quarter-end financial report for June 29, it reported total debt of $10.26 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SYY’s revenue rose 10.46% to $18.59 billion during the quarter, while net income inched up to $18.88 billion. While analysts expected Sysco Corporation to report $1.33 quarterly earnings, the actual figure was $1.34 per share, beating the consensus estimate by 0.80%. During the quarter, the company generated $922.95 million in EBITDA. The liabilities of Sysco Corporation were 21.13 billion at the end of its most recent quarter ended June 29, and its total debt was $11.17 billion. The value of shareholders’ equity is $506.68 million.
Technical Picture
This quick technical analysis looks at Sysco Corporation’s (SYY) price momentum. With a historical volatility rate of 16.32%, the RSI 9-day stood at 38.46% on 16 August.
With respect to its five-day moving average, the current Sysco Corporation price is down by -0.04% percent or -$0.03. At present, SYY shares trade -4.41% below its 20-day simple moving average and -3.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.14% below its SMA50 and -16.21% below its SMA200.
Stochastic coefficient K was 19.79% and Stochastic coefficient D was 13.17%, while ATR was 1.36. Given the Stochastic reading of 23.05% for the 14-day period, the RSI (14) reading has been calculated as 40.59%. As of today, the MACD Oscillator reading stands at -0.57, while the 14-day reading stands at -1.60.
Analyst Ratings
Sysco Corporation (SYY) has been rated Overweight by analysts. According to 0 brokerage firms, SYY is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Sysco Corporation stock as buy, with 8 recommending it as overweight.
With a median target price of $85.50, the current consensus forecast for the stock is $79.00 – $92.00. Based on these forecasts, analysts predict Sysco Corporation (SYY) will achieve an average price target of $85.25.
