Sysco Corporation Company Profile (NYSE:SYY)

About Sysco Corporation

Sysco Corporation logoSysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company's segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States. Broadline operating companies distribute a full line of food products and a range of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served. SYGMA operating companies distribute a full line of food products and a range of non-food products to certain chain restaurant customer locations. The Other segment includes the Company's specialty produce; custom-cut meat operations; lodging industry segments; a company that distributes specialty imported products; a company that distributes to international customers, and Sysco Ventures platform.

Industry, Sector and Symbol:
  • Sector: Consumer Staples
  • Industry: Food Wholesale
  • Sub-Industry: Food Distributors
  • Exchange: NYSE
  • Symbol: SYY
  • CUSIP: 87182910
Key Metrics:
  • Previous Close: $52.89
  • 50 Day Moving Average: $53.35
  • 200 Day Moving Average: $52.11
  • 52-Week Range: $42.77 - $57.07
  • Trailing P/E Ratio: 28.84
  • Foreward P/E Ratio: 19.23
  • P/E Growth: 1.78
  • Market Cap: $28.57B
  • Outstanding Shares: 540,212,000
  • Beta: 0.52
Profitability:
  • Net Margins: 1.94%
  • Return on Equity: 40.85%
  • Return on Assets: 8.04%
Debt:
  • Debt-to-Equity Ratio: 3.36%
  • Current Ratio: 1.59%
  • Quick Ratio: 0.99%
Additional Links:
Companies Related to Sysco Corporation:

Analyst Ratings

Consensus Ratings for Sysco Corporation (NYSE:SYY) (?)
Ratings Breakdown: 1 Sell Rating, 10 Hold Ratings, 6 Buy Ratings
Consensus Rating:Hold (Score: 2.29)
Consensus Price Target: $54.31 (2.68% upside)

Analysts' Ratings History for Sysco Corporation (NYSE:SYY)
Show:
DateFirmActionRatingPrice TargetDetails
2/8/2017Deutsche Bank AGReiterated RatingHold$54.00 -> $55.00View Rating Details
2/6/2017Wells Fargo & CompanyReiterated RatingBuyView Rating Details
2/7/2017BMO Capital MarketsSet Price TargetHold$56.00View Rating Details
2/7/2017RBC Capital MarketsSet Price TargetHold$47.00 -> $48.00View Rating Details
2/7/2017GuggenheimReiterated RatingNeutralView Rating Details
2/7/2017J P Morgan Chase & CoUpgradeNeutral -> Overweight$57.00View Rating Details
2/6/2017Credit Suisse GroupUpgradeNeutral -> Outperform$59.00View Rating Details
2/2/2017Royal Bank of CanadaReiterated RatingSector Perform$47.00View Rating Details
12/9/2016Goldman Sachs Group, Inc. (The)UpgradeSell -> Neutral$53.00View Rating Details
11/9/2016Barclays PLCUpgradeUnderweight -> Equal Weight$48.00 -> $53.00View Rating Details
11/8/2016Bank of America CorpUpgradeNeutral -> Buy$60.00View Rating Details
11/8/2016Pivotal ResearchBoost Price TargetHold$45.00 -> $53.00View Rating Details
9/30/2016Jefferies Group LLCReiterated RatingHold$50.00View Rating Details
8/19/2016ArgusBoost Price TargetBuy$56.00 -> $60.00View Rating Details
6/20/2016Morgan StanleyReiterated RatingSellView Rating Details
5/3/2016MacquarieReiterated RatingBuy$52.00 -> $55.00View Rating Details
3/11/2016Cleveland ResearchUpgradeUnderperform -> NeutralView Rating Details
6/25/2015S&P Equity ResearchReiterated RatingSell$35.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Sysco Corporation (NYSE:SYY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/6/2017Q217$0.54$0.58$13.53 billion$13.50 billionViewN/AView Earnings Details
11/7/2016Q117$0.58$0.67$13.88 billion$14.00 billionViewListenView Earnings Details
8/15/2016Q416$0.61$0.64$13.68 billion$13.65 billionViewListenView Earnings Details
5/2/2016Q3$0.42$0.46$11.87 billion$12.00 billionViewN/AView Earnings Details
2/1/2016Q216$0.41$0.48$12.17 billion$12.20 billionViewN/AView Earnings Details
11/2/2015Q116$0.52$0.52$12.59 billion$12.56 billionViewN/AView Earnings Details
8/10/2015Q415$0.51$0.52$12.72 billion$12.40 billionViewListenView Earnings Details
5/4/2015Q315$0.41$0.40$11.98 billion$11.75 billionViewN/AView Earnings Details
2/2/2015Q215$0.41$0.41$11.89 billion$12.10 billionViewN/AView Earnings Details
11/3/2014Q115$0.51$0.20$12.35 billion$12.45 billionViewN/AView Earnings Details
8/11/2014Q414$0.50$0.50$12.14 billion$12.29 billionViewN/AView Earnings Details
5/5/2014Q314$0.39$0.38$11.40 billion$11.30 billionViewN/AView Earnings Details
2/3/2014Q214$0.40$0.40$11.36 billion$11.20 billionViewN/AView Earnings Details
11/4/2013Q114$0.48$0.49$11.62 billion$11.70 billionViewN/AView Earnings Details
8/12/2013Q4 2013$0.54$0.50$11.62 billion$11.60 billionViewListenView Earnings Details
5/6/2013Q3 2013$0.43$0.40$11.10 billion$10.90 billionViewListenView Earnings Details
2/4/2013Q2 2013$0.41$0.40$10.69 billion$10.80 billionViewListenView Earnings Details
11/5/2012Q113$0.50$0.58$11.14 billion$11.09 billionViewN/AView Earnings Details
8/13/2012$0.56$0.62ViewN/AView Earnings Details
5/7/2012$0.44$0.49ViewN/AView Earnings Details
2/6/2012$0.45$0.46ViewN/AView Earnings Details
11/7/2011$0.52$0.55ViewN/AView Earnings Details
8/15/2011$0.56$0.57ViewN/AView Earnings Details
5/9/2011$0.41$0.44ViewN/AView Earnings Details
2/7/2011$0.47$0.44ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Sysco Corporation (NYSE:SYY)
Current Year EPS Consensus Estimate: $2.48 EPS
Next Year EPS Consensus Estimate: $2.75 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.42$0.44$0.43
Q2 20164$0.60$0.61$0.61
Q3 20161$0.57$0.57$0.57
Q4 20163$0.49$0.62$0.54
Q1 20171$0.62$0.62$0.62
Q2 20171$0.54$0.54$0.54
Q3 20171$0.51$0.51$0.51
Q4 20171$0.70$0.70$0.70
Q1 20181$0.71$0.71$0.71
Q2 20181$0.63$0.63$0.63
Q3 20181$0.55$0.55$0.55
Q4 20181$0.77$0.77$0.77
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Sysco Corporation (NYSE:SYY)
Annual Dividend:$1.32
Dividend Yield:2.50%
Dividend Growth:3.50% (3 Year Average)
Payout Ratio:71.74% (Based on Trailing 12 Months of Earnings)
53.23% (Based on Current Year Consensus EPS Estimate)
48.00% (Based on Next Year Consensus EPS Estimate)
Track Record:46 Years of Consecutive Dividend Growth

Dividend History for Sysco Corporation (NYSE:SYY)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/16/2016quarterly$0.332.48%1/4/20171/6/20171/27/2017
8/26/2016quarterly$0.312.37%10/5/201610/7/201610/28/2016
5/20/2016quarterly$0.312.56%6/29/20167/1/20167/22/2016
2/19/2016quarterly$0.312.9%3/30/20164/1/20164/22/2016
11/18/2015quarterly$0.311/6/20161/8/20161/22/2016
8/21/2015quarterly$0.303.06%9/30/201510/2/201510/23/2015
5/22/2015quarterly$0.303.2%6/30/20157/2/20157/24/2015
2/13/2015quarterly$0.303.11%3/31/20154/2/20154/24/2015
11/19/2014quarterly$0.303.07%12/30/20141/2/20151/23/2015
8/22/2014quarterly$0.293.07%10/1/201410/3/201410/24/2014
5/23/2014quarterly$0.293.16%7/1/20147/3/20147/25/2014
2/21/2014quarterly$0.293.22%4/2/20144/4/20144/25/2014
11/15/2013quarterly$0.293.44%12/31/20131/3/20141/24/2014
8/23/2013quarterly$0.283.51%10/2/201310/4/201310/25/2013
5/17/2013quarterly$0.283.21%7/2/20137/5/20137/26/2013
2/13/2013quarterly$0.283.5%4/3/20134/5/20134/26/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Sysco Corporation (NYSE:SYY)
Insider Ownership Percentage: 8.81%
Institutional Ownership Percentage: 77.50%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
1/18/2017William J Delaney IIICEOSell30,000$54.96$1,648,800.00View SEC Filing  
1/17/2017Russell T LibbyInsiderSell22,217$54.91$1,219,935.47View SEC Filing  
1/9/2017Robert S CharltonInsiderSell33,480$55.67$1,863,831.60View SEC Filing  
12/5/2016Russell T LibbyInsiderSell1,865$53.59$99,945.35View SEC Filing  
11/17/2016William B DayInsiderSell72,134$53.01$3,823,823.34View SEC Filing  
11/15/2016Greg D BertrandSVPSell7,382$53.50$394,937.00View SEC Filing  
11/15/2016Joel T GradeCFOSell24,128$53.49$1,290,606.72View SEC Filing  
11/14/2016Joel T GradeCFOSell16,338$53.49$873,919.62View SEC Filing  
11/7/2016Greg D BertrandSVPSell16,500$50.79$838,035.00View SEC Filing  
11/7/2016Paul T MoskowitzInsiderSell74,271$51.40$3,817,529.40View SEC Filing  
10/14/2016William J Delaney IIICEOSell20,114$49.02$985,988.28View SEC Filing  
10/3/2016William B DayInsiderSell26,507$49.00$1,298,843.00View SEC Filing  
9/15/2016William J Delaney IIICEOSell20,114$49.51$995,844.14View SEC Filing  
8/17/2016William J Delaney IIICEOSell20,114$51.92$1,044,318.88View SEC Filing  
8/11/2016William B DayInsiderSell20,000$51.89$1,037,800.00View SEC Filing  
8/4/2016William B DayInsiderSell75,000$51.53$3,864,750.00View SEC Filing  
7/15/2016William J Delaney IIICEOSell20,114$51.96$1,045,123.44View SEC Filing  
7/13/2016Joel T GradeCFOSell16,368$52.01$851,299.68View SEC Filing  
7/5/2016Joel T GradeCFOSell16,398$51.00$836,298.00View SEC Filing  
6/17/2016Joel T GradeCFOSell16,428$49.96$820,742.88View SEC Filing  
6/15/2016William B DayEVPSell114,750$48.59$5,575,702.50View SEC Filing  
6/15/2016William J Delaney IIICEOSell20,114$48.50$975,529.00View SEC Filing  
6/13/2016Jackie M WardDirectorBuy6,200$48.63$301,506.00View SEC Filing  
6/13/2016Joel T GradeCFOSell14,777$48.72$719,935.44View SEC Filing  
6/6/2016Russell T LibbyEVPSell38,538$48.84$1,882,195.92View SEC Filing  
6/6/2016Trian Fund Management, L.P.DirectorBuy693,000$48.80$33,818,400.00View SEC Filing  
5/18/2016William B DayEVPSell137,693$48.87$6,729,056.91View SEC Filing  
4/15/2016Hans-Joachim KoerberDirectorSell10,000$46.49$464,900.00View SEC Filing  
4/15/2016William J Delaney IIICEOSell20,115$46.45$934,341.75View SEC Filing  
2/8/2016William J. Delaney IIICEOSell16,100$42.92$691,012.00View SEC Filing  
2/1/2016Russell T. LibbyEVPSell4,000$42.00$168,000.00View SEC Filing  
1/15/2016William J. Delaney IIICEOSell16,100$39.54$636,594.00View SEC Filing  
12/28/2015Joel T. GradeCFOSell43,800$41.38$1,812,444.00View SEC Filing  
12/10/2015Trian Fund Management, L.P.DirectorBuy613,221$40.97$25,123,664.37View SEC Filing  
11/23/2015William J. Delaney IIICEOSell16,100$41.09$661,549.00View SEC Filing  
10/15/2015William J. Delaney IIICEOSell25,001$40.66$1,016,540.66View SEC Filing  
6/23/2014Michael W GreenEVPSell185,386$37.51$6,953,828.86View SEC Filing  
9/6/2013John M CassadayDirectorSell3,500$32.14$112,490.00View SEC Filing  
9/5/2013Richard G TilghmanDirectorSell3,500$32.12$112,420.00View SEC Filing  
8/28/2013Joseph Hafner, Jr.DirectorSell9,492$31.45$298,523.40View SEC Filing  
8/20/2013Joseph Hafner, Jr.DirectorSell3,500$32.52$113,820.00View SEC Filing  
6/13/2013Larry G PulliamEVPSell3,000$34.46$103,380.00View SEC Filing  
5/28/2013James D HopeEVPSell5,000$35.23$176,150.00View SEC Filing  
5/23/2013William J Delaney IIICEOSell1,018,799$34.67$35,321,761.33View SEC Filing  
5/20/2013Jonathan GoldenDirectorSell11,500$35.04$402,960.00View SEC Filing  
5/15/2013Robert C KreidlerCFOSell80,697$35.04$2,827,622.88View SEC Filing  
5/15/2013William B DayEVPSell13,528$35.11$474,968.08View SEC Filing  
5/13/2013James D HopeEVPSell42,000$34.41$1,445,220.00View SEC Filing  
3/12/2013G Mitchell ElmerCAOSell27,766$33.28$924,052.48View SEC Filing  
2/25/2013Michael W GreenEVPSell184,363$32.76$6,039,731.88View SEC Filing  
2/25/2013Paul T MoskowitzSVPSell26,402$32.73$864,137.46View SEC Filing  
2/22/2013Russell T LibbyVPSell27,497$32.73$899,976.81View SEC Filing  
2/22/2013William B DayEVPSell156,772$32.75$5,134,283.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Sysco Corporation (NYSE:SYY)
DateHeadline
News IconCommerzbank Aktiengesellschaft FI Boosts Position in Sysco Corporation (SYY) (NYSE:SYY)
latribunadecanarias.com - February 23 at 9:18 PM
News IconFormidable Asset Management LLC Maintains Position in Sysco Corporation (SYY) (NYSE:SYY)
www.graffiotech.com - February 23 at 9:18 PM
News IconEarnings Guidance on Sysco Corporation(SYY) (NYSE:SYY)
hoyentv.com - February 23 at 9:18 PM
seekingalpha.com logoTracking Nelson Peltz's Trian Fund Management Portfolio - Q4 2016 Update (NYSE:SYY)
seekingalpha.com - February 22 at 10:10 AM
News IconThe Case for and Against Sysco Corporation (SYY) - StockNewsJournal (NYSE:SYY)
stocknewsjournal.com - February 15 at 6:23 AM
News IconSysco Corporation (NYSE:SYY) Price Target Expected At $53 - Transcript Daily (NYSE:SYY)
transcriptdaily.com - February 13 at 3:30 PM
News IconIs It Time to go for Sysco Corporation (SYY), Express Scripts Holding Company (ESRX)? - StockNewsJournal (NYSE:SYY)
stocknewsjournal.com - February 13 at 3:30 PM
News IconQ4 2017 EPS Estimates for Sysco Corporation (SYY) Lowered by Jefferies Group (NYSE:SYY)
cote-ivoire.com - February 12 at 8:01 PM
News IconAre Sysco Corporation (SYY) Earnings Estimates Revised? (NYSE:SYY)
nyhetsbanken.info - February 11 at 4:33 AM
News IconLeading stocks in today’s market: Sysco Corporation (NYSE:SYY) (NYSE:SYY)
twincountynews.com - February 11 at 4:33 AM
News IconAnalyst Views on Stock's Rating and Recommendation: SYSCO Corporation (NYSE:SYY) (NYSE:SYY)
techknowbits.com - February 11 at 4:33 AM
us.rd.yahoo.com logoSYSCO CORP Financials (NYSE:SYY)
us.rd.yahoo.com - February 11 at 4:33 AM
feeds.benzinga.com logoSysco to Webcast Presentation From the 2017 CAGNY Conference (NYSE:SYY)
feeds.benzinga.com - February 10 at 6:42 PM
seekingalpha.com logoSysco: Wait For A Pullback (NYSE:SYY)
seekingalpha.com - February 10 at 5:44 AM
News IconDividend Stock Buzz: Sysco Corporation (SYY) (NYSE:SYY)
xboxonezone.com - February 10 at 5:44 AM
News IconThe Sysco Corporation (SYY) Announces Earnings Results (NYSE:SYY)
mundoaguaysaneamiento.net - February 10 at 5:44 AM
News IconRowland Co Investment Counseladv Cuts Position in SYSCO Corporation (SYY) by $6334230 (NYSE:SYY)
discover-usa.net - February 9 at 5:53 AM
biz.yahoo.com logoSYSCO CORP Files SEC form 10-Q, Quarterly Report (NYSE:SYY)
us.rd.yahoo.com - February 9 at 5:53 AM
biz.yahoo.com logoSYSCO CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:SYY)
us.rd.yahoo.com - February 9 at 5:53 AM
capitalcube.com logoSysco Corp. :SYY-US: Earnings Analysis: Q2, 2017 By the Numbers : February 8, 2017 (NYSE:SYY)
www.capitalcube.com - February 9 at 5:53 AM
biz.yahoo.com logoSYSCO CORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Sta (NYSE:SYY)
biz.yahoo.com - February 9 at 5:53 AM
News IconStock Price of Sysco Corporation (SYY) Decreases -0.3% - Highland Mirror (NYSE:SYY)
www.highlandmirror.com - February 8 at 6:42 AM
News IconToday's Brokerage Rating: Sysco Corporation (SYY), Tyson Foods, Inc. (TSN) - StockNewsJournal (NYSE:SYY)
stocknewsjournal.com - February 8 at 6:42 AM
News IconSYSCO Corporation (SYY): Solid Margin Performance Drives EPS Upside - Smаrt Stоck Nеws (NYSE:SYY)
smartstocknews.com - February 8 at 6:42 AM
News IconThe Technical Facts on Sysco Corporation (SYY) - The USA Commerce (NYSE:SYY)
www.theusacommerce.com - February 8 at 6:41 AM
nasdaq.com logoSysco Corp. Q2 Profit Climbs 3% - Nasdaq (NYSE:SYY)
www.nasdaq.com - February 8 at 6:41 AM
feeds.benzinga.com logoSysco Delivers Q2 Beat, But Some Staying On The Sidelines Until Restaurant Trends Improve (NYSE:SYY)
feeds.benzinga.com - February 7 at 2:55 PM
feeds.benzinga.com logoJPMorgan Says Accumulate Sysco Shares In The Low $50s (NYSE:SYY)
feeds.benzinga.com - February 7 at 11:33 AM
News IconTop Gainers of the Day: Sysco Corporation (NYSE:SYY) from Food Wholesale (NYSE:SYY)
twincountynews.com - February 7 at 1:15 AM
us.rd.yahoo.com logoEdited Transcript of SYY earnings conference call or presentation 6-Feb-17 4:30pm GMT (NYSE:SYY)
us.rd.yahoo.com - February 7 at 1:15 AM
News IconHow Often Does Sysco Corporation (NYSE:SYY) Beat Earnings Estimates? (NYSE:SYY)
fairydetox.org - February 6 at 8:13 PM
News IconThe Sysco Corporation (SYY) Rating Reiterated by Royal Bank Of Canada (NYSE:SYY)
emfizz.com - February 6 at 8:13 PM
News IconLeading stocks in today's market: Sysco Corporation (NYSE:SYY) (NYSE:SYY)
prensariotiretail.com - February 6 at 8:13 PM
News IconSYSCO Corporation (SYY) is Upgraded by Credit Suisse to " Outperform" (NYSE:SYY)
ibusinesslines.com - February 6 at 8:13 PM
seekingalpha.com logoSysco (SYY) Q2 2017 Results - Earnings Call Transcript (NYSE:SYY)
seekingalpha.com - February 6 at 8:13 PM
News IconSysco Corporation (NYSE:SYY) Close to Lift Curtain on June 2016 Earnings (NYSE:SYY)
hoyentv.com - February 6 at 8:13 PM
sg.finance.yahoo.com logoSysco beats 2Q profit forecasts (NYSE:SYY)
us.rd.yahoo.com - February 6 at 8:13 PM
us.rd.yahoo.com logoSysco Corp. (SYY) Beats Q2 Earnings; Sales In-Line (NYSE:SYY)
us.rd.yahoo.com - February 6 at 8:13 PM
us.rd.yahoo.com logoYacktman Focused Fund Comments on Sysco (NYSE:SYY)
us.rd.yahoo.com - February 6 at 8:13 PM
wsj.com logo[$$] Sysco Earnings Beat Expectations (NYSE:SYY)
us.rd.yahoo.com - February 6 at 8:13 PM
wsj.com logoStock Indexes Edge Down (NYSE:SYY)
www.wsj.com - February 6 at 8:13 PM
feeds.benzinga.com logoSysco Second Quarter Fiscal 2017 Earnings Call to Reconvene at 11:30AM EST Today (NYSE:SYY)
feeds.benzinga.com - February 6 at 12:24 PM
nasdaq.com logoEarnings Reaction History: Sysco Corporation, 44.4% Follow-Through Indicator, 2.8% Sensitive - Nasdaq (NYSE:SYY)
www.nasdaq.com - February 6 at 8:06 AM
wsj.com logoGlobal Stocks Steady as Traders Return to Emerging Markets (NYSE:SYY)
www.wsj.com - February 6 at 8:06 AM
biz.yahoo.com logoQ2 2017 Sysco Corp Earnings Release - Before Market Open (NYSE:SYY)
biz.yahoo.com - February 6 at 8:06 AM
finance.yahoo.com logoSysco Reports Second Quarter Earnings (NYSE:SYY)
finance.yahoo.com - February 6 at 8:06 AM
News IconTaking a Look at the Chart for Sysco Corporation (SYY) - The USA Commerce (NYSE:SYY)
theusacommerce.com - February 6 at 12:55 AM
News IconPrice Forecast For Sysco Corporation (NYSE:SYY) Stock At $52.722 ... - Transcript Daily (NYSE:SYY)
transcriptdaily.com - February 5 at 7:54 PM
News IconABR Of Sysco Corporation (NYSE:SYY) At 2.39 - Stock Observer (NYSE:SYY)
www.thestockobserver.com - February 5 at 7:54 PM
News IconLookout for Price Target? Exelon Corporation (EXC), Sysco Corporation (SYY) - StockNewsJournal (NYSE:SYY)
stocknewsjournal.com - February 5 at 7:54 PM

Social

What is Sysco Corporation's stock symbol?

Sysco Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "SYY."

How often does Sysco Corporation pay dividends? What is the dividend yield for Sysco Corporation?

Sysco Corporation announced a quarterly dividend on Wednesday, November 16th. Shareholders of record on Friday, January 6th will be paid a dividend of $0.33 per share on Friday, January 27th. This represents a $1.32 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, January 4th. This is a boost from Sysco Corporation's previous quarterly dividend of $0.31.

Where is Sysco Corporation's stock going? Where will Sysco Corporation's stock price be in 2017?

17 brokerages have issued 12-month target prices for Sysco Corporation's shares. Their forecasts range from $47.00 to $60.00. On average, they expect Sysco Corporation's stock price to reach $54.31 in the next twelve months.

When will Sysco Corporation announce their earnings?

Sysco Corporation is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

What are analysts saying about Sysco Corporation stock?

Here are some recent quotes from research analysts about Sysco Corporation stock:

  • According to Zacks Investment Research, "Sysco’s second-quarter fiscal 2017 earnings exceeded Zacks Consensus Estimate while revenues declined marginally with the same. Moreover, Sysco’s shares have been outperforming the Zacks-categorized industry over the past one year. The acquisition of London-based Brakes Group and margin improvement probably drove the earnings beat. Adjusted earnings were up 20.8% year over year on the back of expense management and improved margins. Sales also increased 10.7% on a year-over-year basis, despite unfavorable currency. We note that the company’s sales have improved consistently driven by acquisitions and volume growth. Sysco’s efforts to boost sales and margins are paying up, as the company has delivered positive gross margins in the last seven consecutive quarters, after declining consistently since the last two fiscal. However, currency headwinds and persistent food-cost deflation remain a concern." (2/7/2017)

  • Credit Suisse Group analysts commented, "SYY's stock is well off its high, despite generally strong earnings performances and an impressive increase in the company's 2018 earnings outlook. We see the sell-off as an opportunity to own a blue-chip company in an attractive industry, with solid underlying operating momentum, and insulation from many of the structural issues plaguing the consumer sector today. Weak industry volume growth is the big push back, but the headwind seems overstated. With the stock now trading at about 17.5x our new fiscal 2018 estimate, the valuation is more appealing than it's been in some time. We upgraded the stock to Outperform from Neutral and raised our target price to $59 from $55." (2/6/2017)
  • RBC Capital Markets analysts commented, "We are initiating on Sysco with a Sector Perform rating and $47 price target. Despite a softening category and an unsustainable gross margin trajectory, Sysco trades at an all-time high and with the smallest post-recession gap to restaurant valuations. While we think the $500m three-year EBIT growth goal is achievable/raisable, we believe this is already factored into consensus numbers." (1/24/2017)

Who owns Sysco Corporation stock?

Sysco Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Nelson Peltz (8.04%), State Street Corp (4.92%), Janus Capital Management LLC (1.21%), FMR LLC (0.88%), Renaissance Technologies LLC (0.78%) and TCW Group Inc. (0.28%). Company insiders that own Sysco Corporation stock include Greg D Bertrand, Hans-Joachim Koerber, Jackie M Ward, Joel T Grade, Paul T Moskowitz, Robert S Charlton, Russell T Libby, Trian Fund Management, LP, William B Day and William J Delaney III.

Who sold Sysco Corporation stock? Who is selling Sysco Corporation stock?

Sysco Corporation's stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Federated Investors Inc. PA, AQR Capital Management LLC, TCW Group Inc., Raymond James Financial Services Advisors Inc., Credit Agricole S A, Thompson Siegel & Walmsley LLC and Guggenheim Capital LLC. Company insiders that have sold Sysco Corporation stock in the last year include Greg D Bertrand, Hans-Joachim Koerber, Joel T Grade, Paul T Moskowitz, Robert S Charlton, Russell T Libby, William B Day and William J Delaney III.

Who bought Sysco Corporation stock? Who is buying Sysco Corporation stock?

Sysco Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Asset Management One Co. Ltd., NN Investment Partners Holdings N.V., DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Renaissance Technologies LLC, Barometer Capital Management Inc., Janus Capital Management LLC and Elkfork Partners LLC. Company insiders that have bought Sysco Corporation stock in the last two years include Jackie M Ward and Trian Fund Management, LP.

How do I buy Sysco Corporation stock?

Shares of Sysco Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Sysco Corporation stock cost?

One share of Sysco Corporation stock can currently be purchased for approximately $52.89.

Sysco Corporation (NYSE:SYY) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

Earnings History Chart

Earnings by Quarter for Sysco Corporation (NYSE:SYY)

Dividend History Chart

Dividend Payments by Quarter for Sysco Corporation (NYSE:SYY)

Last Updated on 2/24/2017 by MarketBeat.com Staff