Is Sysco Corp. (NYSE: SYY) No Longer A Good Investment?

After Hours

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Stocks Info

This NYSE-listed company operates within the Food Distribution industry segment, falling under the Consumer Defensive sector. The current market capitalization of Sysco Corp. is $37.75B. A total of 2.27 million shares were traded on the day, compared to an average of 2.96M shares.

In the most recent transaction, Jasper James Chris sold 4,000 shares of SYY for 80.41 per share on Mar 14 ’24. After the transaction, the SVP now owns 18,531 company shares. In a previous transaction on Mar 06 ’24, Russell Neil sold 1,722 shares at 80.00 per share. SYY shares that SVP, Corp. Affairs and CAO owns now total 24,082.

Among the insiders who sold shares, Talton Sheila disposed of 2,200 shares on Nov 22 ’23 at a per-share price of $71.76. This resulted in the Director holding 12,782 shares of SYY after the transaction. In another insider transaction, Russell Neil sold 219 shares at $69.88 per share on Sep 01 ’23. Company shares held by the SVP, Corp. Affairs and CAO now total 25,154.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Sysco Corp. pays an annual dividend of $2.00, resulting in a dividend yield of 2.64%, and it has a price to earnings (P/E) ratio of 18.50. SYY’s most recent ex-dividend date was 4/4/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 4/26/2024. Previously, the company paid the dividend on 1/26/2024 with an ex-dividend date of 1/4/2024. The SYY stock dividend was $0.50 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SYY has a high of $82.89 and a low of $62.24.

As of this writing, SYY has an earnings estimate of $Symbotic Inc. per share for the current quarter. EPS was calculated based on a consensus of SPDR S&P 500 estimates, with a high estimate of $SFY per share and a lower estimate of $Stryker Corporation.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SYY’s latest balance sheet shows that the firm has $867.09M in Cash & Short Term Investments as of fiscal 2022. There were $11.39B in debt and $8.75B in liabilities at the time. Its Book Value Per Share was $4.77, while its Total Shareholder’s Equity was $1.41B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 4.43.

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