Analysts' Insights on SYY Stock

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.