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Wednesday, February 1, 2023

An Evaluation Of Sysco Corporation (NYSE: SYY) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Sysco Corporation (SYY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.19, or -0.24%, to $77.92. The Sysco Corporation has recorded 40,410 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Sysco to Release Second Quarter Fiscal Year 2023 Financial Results on January 31.


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Stocks Info

SYY belongs to the Consumer Defensive sector of the NYSE while operating in the Food Distribution industry. At the end of the last regular session, the stock closed at $78.11 and fluctuated between $82.38 as its day high and $77.94 as its day low. The current market capitalization of Sysco Corporation is $39.15B. A total of 2.29 million shares were traded on the day, compared to an average of 2.36M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SYY has seen 11 BUY and 3 SELL insider trades, representing the acquisition of 22,227 and the disposition of 13,490 shares. Over the last 12 months, there were 66 BUYs and 40 SELLs from insiders. Insiders purchased 928,678 shares during that period but sold 553,229.

In the most recent transaction, Bertrand Greg D sold 12,000 shares of SYY for 85.00 per share on Oct 28. After the transaction, the EVP now owns 40,931 company shares. In a previous transaction on Oct 24, Hourican Kevin sold 75,019 shares at 81.22 per share. SYY shares that President and CEO owns now total 303,643.

Among the insiders who bought shares, Alt Aaron E acquired of 1,000 shares on Jun 21 at a per-share price of $80.09. This resulted in the EVP and CFO holding 14,220 shares of SYY after the transaction. In another insider transaction, Bertrand Greg D sold 50,000 shares at $90.00 per share on Apr 21. Company shares held by the EVP now total 32,324.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Sysco Corporation pays an annual dividend of $1.96, resulting in a dividend yield of 2.51%, and it has a price to earnings (P/E) ratio of 27.67. SYY’s most recent ex-dividend date was 1/5/2023 when it declared a $0.49 quarterly dividend that was paid in cash on 1/27/2023. Previously, the company paid the dividend on 10/28/2022 with an ex-dividend date of 10/6/2022. The SYY stock dividend was $0.49 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SYY in the last 3 months, the mean price target is $90.46 with high estimates of $100.00 and low estimates of $80.00. In terms of 52-week highs and lows, SYY has a high of $91.53 and a low of $70.61.

As of this writing, SYY has an earnings estimate of $0.99 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.03 per share and a lower estimate of $0.95. The company reported an EPS of $0.71 in the last quarter, which was 29.10% higher than expectations of $0.55.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SYY is Underweight with a score of 4.45. A total of 8 analysts rated the stock as Buy while 1 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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