Sysco Corporation stock hits 52-week high at 83.24 USD

Sysco Corporation’s stock reached a 52-week high, hitting 83.24 USD. This milestone reflects a notable performance over the past year, with the company’s stock appreciating by 9.11%. The company, with a market capitalization of $39.7 billion, has maintained an impressive track record of dividend payments for 55 consecutive years, currently offering a 2.61% yield. According to InvestingPro analysis, the stock appears slightly undervalued at current levels. The achievement of this 52-week high underscores the company’s resilience and market confidence, positioning Sysco as a strong player in its sector. Investors have responded positively to Sysco’s strategic initiatives and financial health, contributing to this upward momentum. With a healthy current ratio of 1.21 and strong revenue of $81.4 billion in the last twelve months, the company maintains solid fundamentals. InvestingPro subscribers have access to 8 additional key insights and a comprehensive research report about Sysco, offering deeper analysis of the company’s performance and prospects.

In other recent news, Sysco Corporation announced a new credit agreement with Bank of America and a group of lenders, maintaining a $3 billion commitment with an option to increase to $4 billion. This agreement replaces the previous credit facility and includes terms typical for such arrangements, with a maturity date set for September 2030. Additionally, Moody’s Ratings changed Sysco’s outlook to negative from stable, citing weakened credit metrics, including an increased debt/EBITDA ratio and a decline in EBITA/interest expense for the fiscal year ending June 2025. Meanwhile, Sysco declared a quarterly cash dividend of $0.54 per share, payable in October to shareholders of record in early October. On the analyst front, Guggenheim raised its price target for Sysco to $87, maintaining a Buy rating, reflecting confidence in the company’s operational initiatives and local case growth improvement. This comes after a previous increase to $85, following a strong fourth-quarter earnings performance. These developments highlight Sysco’s ongoing financial strategies and market assessments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.