Analyst Expects Sysco Corp. (NYSE: SYY) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, SYY falls under the Consumer Defensive sector while operating within the Food Distribution industry segment. The current market capitalization of Sysco Corp. is $38.03B. A total of 2.66 million shares were traded on the day, compared to an average of 3.16M shares.

In the most recent transaction, Jasper James Chris bought 12,248 shares of SYY for 76.99 per share on Sep 16 ’24. In a previous transaction on Mar 14 ’24, Jasper James Chris sold 4,000 shares at 80.41 per share. SYY shares that SVP owns now total 18,531.

Among the insiders who sold shares, Russell Neil disposed of 1,722 shares on Mar 06 ’24 at a per-share price of $80.00. This resulted in the SVP, Corp. Affairs and CAO holding 24,082 shares of SYY after the transaction. In another insider transaction, Talton Sheila sold 2,200 shares at $71.76 per share on Nov 22 ’23. Company shares held by the Director now total 12,782.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Sysco Corp. pays an annual dividend of $2.01, resulting in a dividend yield of 2.60%, and it has a price to earnings (P/E) ratio of 19.89. SYY’s most recent ex-dividend date was 10/4/2024 when it declared a $0.51 quarterly dividend that was paid in cash on 10/25/2024. Previously, the company paid the dividend on 7/26/2024 with an ex-dividend date of 7/5/2024. The SYY stock dividend was $0.51 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, SYY has a high of $82.89 and a low of $62.24.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $3.78, 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 4.47.

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