Bernstein Reaffirms Their Hold Rating on Sysco (SYY)

In a report released today, Danilo Gargiulo from Bernstein maintained a Hold rating on Sysco, with a price target of $90.00.

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Gargiulo covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Wingstop, and Starbucks. According to TipRanks, Gargiulo has an average return of -3.7% and a 44.44% success rate on recommended stocks.

In addition to Bernstein, Sysco also received a Hold from Melius Research’s Jacob Aiken Phillips in a report issued today. However, on the same day, Barclays maintained a Buy rating on Sysco (NYSE: SYY).

Based on Sysco’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $20.76 billion and a net profit of $389 million. In comparison, last year the company earned a revenue of $20.15 billion and had a net profit of $406 million

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SYY in relation to earlier this year. Last month, Sheila Talton, a Director at SYY sold 2,801.00 shares for a total of $232,454.99.