Sysco stock is trading -14.9% below its average target price of $84.94 after dropping -2.9% during today's evening session. Analysts are giving the Large-Cap Food Distribution company an average rating of buy and target prices ranging from $75.0 to $91.0 per share.
The stock has a very low short interest at 1.8%, and a short ratio of 2.53. The company's insiders own 0.13% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 84.7% of Sysco's shares being owned by this investor type.
Institutions Invested in Sysco
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 10% | 47,320,280 | $3,420,309,780 |
| 2024-03-31 | Blackrock Inc. | 7% | 32,664,484 | $2,360,988,863 |
| 2024-03-31 | State Street Corporation | 5% | 24,842,348 | $1,795,604,883 |
| 2024-03-31 | Wellington Management Group, LLP | 3% | 14,623,285 | $1,056,971,021 |
| 2024-03-31 | Invesco Ltd. | 2% | 12,198,049 | $881,674,966 |
| 2024-03-31 | Capital World Investors | 2% | 10,984,950 | $793,992,172 |
| 2024-03-31 | JP Morgan Chase & Company | 2% | 10,518,233 | $760,257,868 |
| 2024-03-31 | Parnassus Investments, LLC | 2% | 9,842,831 | $711,439,812 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 9,670,488 | $698,982,860 |
| 2024-03-31 | FMR, LLC | 2% | 7,890,181 | $570,302,273 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Sysco.
