NYSE:SYY

Sysco (SYY) Stock Forecast, Price & News

$65.21

-1.02 (-1.54%)

(As of 09/27/2023 ET)

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Today's Range: $64.82
▼
$66.23
50-Day Range: $65.21
▼
$76.31
52-Week Range: $64.82
▼
$87.41

Volume: 3.13 million shs
Average Volume: 2.42 million shs
Market Capitalization: $32.93 billion

P/E Ratio: 18.79
Dividend Yield: 3.07%
Price Target: $86.91

Sysco MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 33.3% Upside
$86.91 Price Target
Short Interest: Healthy
1.39% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.02
Upright™ Environmental Score
News Sentiment: 1.32
Based on 9 Articles This Week
Insider Trading: Selling Shares
$15,304 Sold Last Quarter
Proj. Earnings Growth: 10.02%
From $4.29 to $4.72 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.37 out of 5 stars

Consumer Staples Sector

1st out of 134 stocks

Groceries & Related Products Industry

1st out of 3 stocks

3.4

Analyst's Opinion

Consensus Rating
Sysco has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $86.91, Sysco has a forecasted upside of 33.3% from its current price of $65.21.
Amount of Analyst Coverage
Sysco has only been the subject of 4 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.39% of the float of Sysco has been sold short.
Short Interest Ratio / Days to Cover
Sysco has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sysco has recently decreased by 14.46%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Yield
Sysco pays a meaningful dividend of 2.91%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Sysco has been increasing its dividend for 55 years.
Dividend Coverage
The dividend payout ratio of Sysco is 57.64%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sysco will have a dividend payout ratio of 42.37% next year. This indicates that Sysco will be able to sustain or increase its dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Sysco has received a 23.19% net impact score from Upright. Sysco seems to create the most significant positive value in categories "Jobs", "Taxes", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Wholesale of nuts", "Wholesale of sweeteners", "Wholesale of baking accessories", "Wholesale of spices and condiments", "Wholesale of alternative protein food products", and "Wholesale of seeds" products. See details.
Environmental Sustainability
The Environmental Impact score for Sysco is -2.02.

4.1

News and Social Media Coverage

News Sentiment
Sysco has a news sentiment score of 1.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Sysco this week, compared to 6 articles on an average week.
Search Interest
20 people have searched for SYY on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.
MarketBeat Follows
22 people have added Sysco to their MarketBeat watchlist in the last 30 days. This is an increase of 175% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sysco insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,304.00 in company stock.
Percentage Held by Insiders
Only 0.43% of the stock of Sysco is held by insiders.
Percentage Held by Institutions
80.60% of the stock of Sysco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Sysco are expected to grow by 10.02% in the coming year, from $4.29 to $4.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sysco is 18.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sysco is 18.79, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.75.
Price to Earnings Growth Ratio
Sysco has a PEG Ratio of 1.29. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Sysco has a P/B Ratio of 16.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sysco (NYSE:SYY) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

SYY Stock News Headlines

September 8, 2023 | marketbeat.com

3 Dividend Kings Poised to Outperform the Market (SYY)

Wall Street expects these three Dividend Kings who have raised their dividend payments for 50 or more consecutive years to keep delivering dividend gold.

September 23, 2023 | finance.yahoo.com

The Returns At Sysco (NYSE:SYY) Aren't Growing

September 28, 2023 | UNKNOWN (Ad)

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September 21, 2023 | finance.yahoo.com

Reasons Why You Should Avoid Betting on Sysco (SYY) Now

September 19, 2023 | finance.yahoo.com

Sysco Corporation (NYSE:SYY) is favoured by institutional owners who hold 83% of the company

September 18, 2023 | americanbankingnews.com

Sysco Co. (NYSE:SYY) Receives Consensus Rating of "Moderate Buy" from Analysts

September 14, 2023 | finance.yahoo.com

Implied Volatility Surging for Sysco (SYY) Stock Options