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Sysco (SYY) Stock Price, News & Analysis

$79.90
-1.07 (-1.32%)
(As of 02:45 PM ET)
Today's Range
$79.64
$80.82
50-Day Range
$73.03
$82.36
52-Week Range
$62.24
$82.89
Volume
1.21 million shs
Average Volume
3.21 million shs
Market Capitalization
$39.78 billion
P/E Ratio
19.54
Dividend Yield
2.50%
Price Target
$85.44

Sysco MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
6.9% Upside
$85.44 Price Target
Short Interest
Healthy
1.66% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.02
Upright™ Environmental Score
News Sentiment
1.16mentions of Sysco in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.07%
From $4.30 to $4.69 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Consumer Staples Sector

11th out of 138 stocks

Groceries & Related Products Industry

1st out of 4 stocks


SYY stock logo

About Sysco Stock (NYSE:SYY)

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; imported specialties; and fresh produce products. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of glassware and silverware; cookware, such as pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. The company serves restaurants, hospitals and nursing facilities, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. Sysco Corporation was incorporated in 1969 and is headquartered in Houston, Texas.

SYY Stock Price History

SYY Stock News Headlines

Sysco Corp.
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Sysco Declares Quarterly Dividend Payment
Sysco Declares Quarterly Dividend Payment
2 Dividend Stocks to Double Up On Right Now
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
SYY Mar 2024 60.000 call
Sysco (SYY) Rides on Recipe for Growth & Prudent Buyouts
Sysco: Reasonably Valued, Maintain Hold
Company News for Jan 31, 2024
Sysco price target raised by $10 at Stephens, here's why
Q2 2024 Sysco Corp Earnings Call
Sysco Corp. Q2 Profit Increases, beats estimates
See More Headlines
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Company Calendar

Ex-Dividend for 1/26 Dividend
1/04/2024
Dividend Payable
1/26/2024
Last Earnings
1/30/2024
Today
3/01/2024
Ex-Dividend for 4/26 Dividend
4/04/2024
Dividend Payable
4/26/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Groceries & related products
Sub-Industry
Food Distributors
CUSIP
87182910
Employees
72,000
Year Founded
1969

Price Target and Rating

Average Stock Price Target
$85.44
High Stock Price Target
$90.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+5.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$1.77 billion
Pretax Margin
3.51%

Debt

Sales & Book Value

Annual Sales
$76.32 billion
Cash Flow
$5.85 per share
Book Value
$4.83 per share

Miscellaneous

Free Float
494,943,000
Market Cap
$40.31 billion
Optionable
Optionable
Beta
1.17

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Key Executives

Should I Buy Sysco Stock? SYY Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Sysco was last updated on Thursday, February 29, 2024 at 2:00 AM.

Pros

Here are some ways that investors could benefit from investing in Sysco Co.:

  • Sysco Corporation is a leading distributor of food and related products to various foodservice establishments, providing a stable and essential service in the industry.
  • Recent developments in Sysco's distribution network have improved efficiency and reduced costs, potentially leading to increased profitability.
  • With a strong track record of revenue growth, Sysco has demonstrated its ability to generate consistent returns for investors.
  • The current stock price of Sysco Co. is favorable for investors looking to enter the market at a reasonable valuation.
  • Sysco's focus on innovation and technology adoption in its operations positions the company well for future growth and competitiveness in the market.

Cons

Investors should be bearish about investing in Sysco Co. for these reasons:

  • Fluctuations in commodity prices and supply chain disruptions could impact Sysco's margins and profitability in the short term.
  • Intense competition in the food distribution industry may limit Sysco's ability to maintain market share and pricing power.
  • Changes in consumer preferences and dining habits could affect demand for Sysco's products, leading to potential revenue challenges.
  • Economic downturns or recessions could impact the overall foodservice industry, affecting Sysco's business performance.
  • Regulatory changes or compliance issues in the food industry could pose risks to Sysco's operations and financial results.














SYY Stock Analysis - Frequently Asked Questions

Should I buy or sell Sysco stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sysco in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SYY shares.
View SYY analyst ratings
or view top-rated stocks.

What is Sysco's stock price target for 2024?

8 brokers have issued 12 month target prices for Sysco's shares. Their SYY share price targets range from $75.00 to $90.00. On average, they anticipate the company's stock price to reach $85.44 in the next year. This suggests a possible upside of 6.9% from the stock's current price.
View analysts price targets for SYY
or view top-rated stocks among Wall Street analysts.

How have SYY shares performed in 2024?

Sysco's stock was trading at $73.13 at the beginning of the year. Since then, SYY shares have increased by 9.3% and is now trading at $79.93.
View the best growth stocks for 2024 here
.

Are investors shorting Sysco?

Sysco saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 8,270,000 shares, a decline of 22.0% from the January 31st total of 10,600,000 shares. Based on an average daily trading volume, of 3,130,000 shares, the short-interest ratio is currently 2.6 days. Currently, 1.7% of the shares of the stock are sold short.
View Sysco's Short Interest
.

When is Sysco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our SYY earnings forecast
.

How were Sysco's earnings last quarter?

Sysco Co. (NYSE:SYY) issued its quarterly earnings results on Tuesday, January, 30th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. The business had revenue of $19.29 billion for the quarter, compared to analysts' expectations of $19.32 billion. Sysco had a net margin of 2.69% and a trailing twelve-month return on equity of 105.22%. Sysco's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share.
Read the conference call transcript
.

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

Sysco announced a quarterly dividend on Wednesday, February 21st. Stockholders of record on Friday, April 5th will be paid a dividend of $0.50 per share on Friday, April 26th. This represents a $2.00 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, April 4th.
Read our dividend analysis for SYY
.

Is Sysco a good dividend stock?

Sysco (NYSE:SYY) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.47%. The company has been increasing its dividend for 55 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 48.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYY will have a dividend payout ratio of 42.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SYY.

What guidance has Sysco issued on next quarter's earnings?

Sysco updated its FY 2024 earnings guidance on Tuesday, January, 30th. The company provided earnings per share guidance of 4.200-4.400 for the period, compared to the consensus EPS estimate of 4.320. The company issued revenue guidance of $80.0 billion-$80.0 billion, compared to the consensus revenue estimate of $79.5 billion.

What is Kevin Hourican's approval rating as Sysco's CEO?

112 employees have rated Sysco Chief Executive Officer Kevin Hourican on Glassdoor.com. Kevin Hourican has an approval rating of 66% among the company's employees.

What other stocks do shareholders of Sysco own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sysco investors own include Johnson & Johnson (JNJ), AT&T (T), AbbVie (ABBV), Pfizer (PFE), Verizon Communications (VZ), Intel (INTC), Coca-Cola (KO), Exxon Mobil (XOM), Cisco Systems (CSCO) and Walmart (WMT).

Who are Sysco's major shareholders?

Sysco's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.49%), Parnassus Investments LLC (2.17%), Capital World Investors (1.85%), Norges Bank (1.22%), Northern Trust Corp (1.18%) and Legal & General Group Plc (0.77%). Insiders that own company stock include Aaron E Alt, Anita A Zielinski, Cathy Marie Robinson, Greg D Bertrand, James Chris Jasper, Joshua D Frank, Kevin Hourican, Neil Russell and Sheila Talton.
View institutional ownership trends
.

How do I buy shares of Sysco?

Shares of SYY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Sysco have any subsidiaries?
The following companies are subsidiares of Sysco: 2234829 Alberta ULC, 2234842 Alberta ULC, A. M. Briggs Inc., A.M. Briggs, Almacén Fiscal Frionet Caldera S.A., Almacén Fiscal Frionet Limón S.A., Appert's Foodservice, Arnotts (Fruit) Limited, Asian Foods, Bahamas Food Holdings Limited, Bahamas Food Services Limited, Brake Bros, Brake Bros Foodservice Ireland Limited, Brake Bros. Foodservice Limited, Brake Bros. Holding I Limited, Brake Bros. Ltd., Brakes Foodservice NI Limited, Buchy Food Service, Buckhead Beef Co., Buckhead Meat & Seafood of Houston Inc., Buckhead Meat Company, Buckhead Meat Midwest Inc., Buckhead Meat of Dallas Inc., Buckhead Meat of Denver Inc., Buckhead Meat of San Antonio LP, Buzztable Inc., CAKE Corporation, Central Seafood Co., Christys Wine & Spirits Limited, Clafra Aktiebolag, Colorado Boxed Beef Co - Specialty meat-cutting division, Corporacion Frionet Sociedad Anonima, Crossgar Foodservice, Crossgar Foodservice Limited, Crown I Enterprises Inc., Cucina Acquisitions (UK) Limited, Cucina Finance (UK) Limited, Cucina French Holdings Limited, Cucina Fresh Finance Limited, Cucina Fresh Investments Limited, Cucina Lux Investments Limited, Curleys Quality Foods Limited (Third Party), Davigel Belgilux S.A., Davigel Espana S.A., Desert Meats & Provisions, Distagro, Doerle Food Service, Doughtie's Foods Inc., Dust Bowl City LLC, Eko Fågel Fisk o mittemellan AB, Enclave Insurance Company, Enclave Parkway Association Inc., Enclave Properties LLC, European Imports, European Imports Inc., Figg Inc., Freedman Meats, Freedman Meats Inc., Freedman-KB Inc., Fresh Direct (UK) Limited, Fresh Direct Group Limited, Fresh Direct Limited, Fresh Holdings Limited, FreshPoint, FreshPoint Arizona Inc., FreshPoint Atlanta Inc., FreshPoint California Inc., FreshPoint Central California Inc., FreshPoint Central Florida Inc., FreshPoint Connecticut LLC, FreshPoint Dallas Inc., FreshPoint Denver Inc., FreshPoint Hawaii LLC, FreshPoint Inc., FreshPoint Las Vegas Inc., FreshPoint North Carolina Inc., FreshPoint North Florida Inc., FreshPoint Oklahoma City LLC, FreshPoint Pompano Real Estate LLC, FreshPoint Puerto Rico LLC, FreshPoint San Francisco Inc., FreshPoint South Florida Inc., FreshPoint South Texas Inc., FreshPoint Southern California Inc., FreshPoint Tomato LLC, FreshPoint Vancouver Ltd., Freshfayre Limited, Fruktservice i Helsingborg AB, GHS Classic Drinks Limited, Gilchrist & Soames Inc., Gilchrist & Soames UK Limited, Guest Packaging LLC, Guest Supply, Guest Supply Asia Limited, Guest Supply Singapore Pte. Ltd., International Food Group, Isakssons Frukt & Grönt AB, J & M Wholesale Meats, J. Kings Food Service Professionals, J. Kings Food Service Professionals Inc., Kent Frozen Foods, Les Ateliers Du Gout, Liquid Assets Limited, M&J Seafood Holdings Limited, M&J Seafood Limited, Manchester Mills LLC, Mayca Autoservicio S.A., Mayca Distribuidores S.A., Menigo Foodservice AB, Mitshim Etatu Supply LP, Newport Meat Company, Newport Meat Northern California Inc., Newport Meat Pacific Northwest Inc., Newport Meat Southern California Inc., Newport Meat of Nevada Inc., North Star Holding Corporation, North Star Seafood, North Star Seafood Acquisition Corporation, North Star Seafood LLC, PFS de Mexico S.A. de C.V., Palisades Ranch Inc., Pallas Foods, Pallas Foods Farm Fresh Unlimited Company, Pallas Foods Unlimited Company, Pauleys Produce Limited, Promotora del Servicios S.A. de C.V., Restaurangakdemien AB, Restaurant of Tomorrow Inc., Rohan Viandes Elaboration SAS, SMS Bermuda Holdings, SMS GPC International Limited, SMS GPC International Resources Limited, SMS Global Holdings S.á.r.l., SMS International Resources Ireland Unlimited Company, SMS Lux Holdings LLC, SOTF LLC, SYY Netherlands C.V., SYY Panama S. de R.L., Serca Foodservice, Servicestyckarna I Johannes AB, Servicios Ameriserve S.A. de C.V., Shenzhen Guest Supply Trading Co. Limited, Societe Civile Immobiliere (SCI) Bianchi Montegut, Societe Civile Immobiliere (SCI) De Boiseau, Societe Civile Immobiliere (SCI) De Garcelles, Societe Civile Immobiliere (SCI) J.D. Lanjouan, Societe Civile Immobiliere (SCI) Le Dauphin, Specialty Meat Holdings LLC, Stockflag Limited, Stockholms Fiskauktion AB, Supplies on the Fly, Sysco Albany LLC, Sysco Asian Foods Inc., Sysco Atlanta LLC, Sysco Autoservicio S.A., Sysco Baltimore LLC, Sysco Baraboo LLC, Sysco Bermuda Partners L.P., Sysco Boston LLC, Sysco Canada Holdings S.á.r.l., Sysco Canada Inc., Sysco Central Alabama LLC, Sysco Central California Inc., Sysco Central Florida Inc., Sysco Central Illinois Inc., Sysco Central Pennsylvania LLC, Sysco Charlotte LLC, Sysco Chicago Inc., Sysco Cincinnati LLC, Sysco Cleveland Inc., Sysco Columbia LLC, Sysco Connecticut LLC, Sysco Corporation, Sysco Corporation Director's Deferred Compensation Plan Trust, Sysco Corporation Employee's 401(k) Plan Trust, Sysco Corporation Executive Deferred Compensation Plan Trust, Sysco Corporation Good Government Committee Inc., Sysco Corporation Retirement Trust, Sysco Corporation Supplemental Executive Retirement Trust, Sysco Corporation Supplemental Unemployment Benefits Plan Trust, Sysco Detroit LLC, Sysco Disaster Relief Foundation Inc., Sysco EI VI S. s.r.l., Sysco EU II S.á.r.l., Sysco EU III S.á.r.l., Sysco EU IV Capital Unlimited Company, Sysco EU IV S. s.r.l.., Sysco EU V S. s.r.l., Sysco Eastern Maryland LLC, Sysco Eastern Wisconsin LLC, Sysco Foundation Inc., Sysco France Holding SAS, Sysco France SAS, Sysco George Town II LLC, Sysco George Town Limited S. s.r.l.., Sysco Global Finance LLC, Sysco Global Finance LLP, Sysco Global Holdings B.V., Sysco Global Resources LLC, Sysco Global Services LLC, Sysco Grand Cayman Company, Sysco Grand Cayman II Company, Sysco Grand Cayman III Company, Sysco Grand Rapids LLC, Sysco Guernsey Limited, Sysco Guest Supply Canada Inc., Sysco Guest Supply Europe Goods Wholesalers LLC, Sysco Guest Supply Europe Limited, Sysco Guest Supply LLC, Sysco Gulf Coast LLC, Sysco Hampton Roads Inc., Sysco Hawaii Inc., Sysco Holdings II LLC, Sysco Holdings LLC, Sysco Indianapolis LLC, Sysco International Food Group Inc., Sysco International Inc., Sysco Iowa Inc., Sysco Jackson LLC, Sysco Jacksonville Inc., Sysco Kansas City Inc., Sysco Knoxville LLC, Sysco Labs Europe Limited, Sysco Labs Pvt. Ltd., Sysco Leasing LLC, Sysco Lincoln Inc., Sysco Lincoln Transportation Company Inc., Sysco Long Island LLC, Sysco Los Angeles Inc., Sysco Louisville Inc., Sysco Memphis LLC, Sysco Merchandising and Supply Chain Services Canada Inc., Sysco Merchandising and Supply Chain Services Inc., Sysco Metro New York LLC, Sysco Minnesota Inc., Sysco Montana Inc., Sysco Nashville LLC, Sysco Netherlands Partners LLC, Sysco North Central Florida Inc., Sysco North Dakota Inc., Sysco Northern New England Inc., Sysco Philadelphia LLC, Sysco Pittsburgh LLC, Sysco Portland Inc., Sysco Raleigh LLC, Sysco Resources Services LLC, Sysco Riverside Inc., Sysco Sacramento Inc., Sysco San Diego Inc., Sysco San Francisco Inc., Sysco Seattle Inc., Sysco South Florida Inc., Sysco Southeast Florida LLC, Sysco Spain Holdings SLU, Sysco Spokane Inc., Sysco St. Louis LLC, Sysco Syracuse LLC, Sysco Technologies Cayman Ltd., Sysco Technologies LLC, Sysco UK Holdings Limited, Sysco UK Limited, Sysco UK Partners LLP, Sysco USA I Inc., Sysco USA II LLC, Sysco USA III LLC, Sysco Ventura Inc., Sysco Ventures Inc., Sysco Virginia LLC, Sysco West Coast Florida Inc., Sysco Western Minnesota Inc., The SYGMA Network Inc., Upsys, Victua SAS, Walker Foods Inc., Waugh Foods, and Wild Harvest Limited.
Read More
This page (NYSE:SYY) was last updated on 3/1/2024 by MarketBeat.com Staff