Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of China and silverware; cookware, which include pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. The company serves restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues through 324 distribution facilities. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Industry Groceries & related products
Sub-IndustryFood Distributors
SectorConsumer Staples
SymbolNYSE:SYY
CUSIP87182910
Phone281-584-1390
Debt
Debt-to-Equity Ratio3.76
Current Ratio1.44
Quick Ratio0.90
Price-To-Earnings
Trailing P/E Ratio24.40
Forward P/E Ratio22.75
P/E Growth2.19
Sales & Book Value
Annual Sales$55.37 billion
Price / Sales0.64
Cash Flow$4.2716 per share
Price / Cash15.87
Book Value$4.45 per share
Price / Book15.23
Profitability
EPS (Most Recent Fiscal Year)$2.48
Net Income$1.14 billion
Net Margins2.23%
Return on Equity64.33%
Return on Assets8.14%
Miscellaneous
Employees66,500
Outstanding Shares520,990,000
SYSCO (NYSE:SYY) Frequently Asked Questions
What is SYSCO's stock symbol?
SYSCO trades on the New York Stock Exchange (NYSE) under the ticker symbol "SYY."
How often does SYSCO pay dividends? What is the dividend yield for SYSCO?
SYSCO declared a quarterly dividend on Thursday, May 24th. Shareholders of record on Friday, July 6th will be paid a dividend of $0.36 per share on Friday, July 27th. This represents a $1.44 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 5th. View SYSCO's Dividend History.
How were SYSCO's earnings last quarter?
SYSCO Co. (NYSE:SYY) announced its quarterly earnings data on Monday, May, 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.04. The business earned $14.35 billion during the quarter, compared to analysts' expectations of $14.32 billion. SYSCO had a net margin of 2.23% and a return on equity of 64.33%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. View SYSCO's Earnings History.
When is SYSCO's next earnings date?
What price target have analysts set for SYY?
11 brokerages have issued twelve-month price targets for SYSCO's stock. Their forecasts range from $57.00 to $74.00. On average, they anticipate SYSCO's stock price to reach $65.70 in the next twelve months. View Analyst Ratings for SYSCO.
What are Wall Street analysts saying about SYSCO stock?
Here are some recent quotes from research analysts about SYSCO stock:
- 1. According to Zacks Investment Research, "Sysco, which surpassed the industry in a year, has been gaining from sturdy U.S. Foodservice Operations. This trend continued in third-quarter fiscal 2018 as well, which marked the company’s fourth straight quarter of earnings beat. In fact, local case volumes in this segment have been improving year over year for 16 consecutive quarters. Further, the company’s performance gained from lower taxes and favorable results in the international segment. Notably, the company is on track with its three-year financial goals to drive efficiency and augment offerings. On the flip side, Sysco continues to bear the brunt of higher inbound freight costs. Moreover, the company’s European business has been grappling with high product inflation and reduced shipping days. This, combined with inflationary trends in U.S Broadline operations and in the U.K., continues to be a threat to Sysco’s performance." (5/9/2018)
- 2. Pivotal Research analysts commented, "We expect around 2.0% inflation in 1Q18 (from 2.6% in 4Q17). Share buybacks are not expected to play as meaningful of a role in FY18. The depreciation addback for Sysco’s technology conversion process has also run its course. Still, we’re comfortable that Sysco’s adj." (11/5/2017)
- 3. Wells Fargo & Co analysts commented, "We believe the exit of low-margin chain & national customers is the primary driver, as these customers have now declined for three straight quarters. We anticipate declines for national accounts to last into Q1, with y/y compares easing in Q2 of FY18 plus new business wins to drive reaccelerating case growth ahead. For FY18, we model +3.7% total sales growth comprised of +1.6% Broadline cases, +1.3% of inflation and local customer share gains (of 2%)." (8/14/2017)
Who are some of SYSCO's key competitors?
Who are SYSCO's key executives?
SYSCO's management team includes the folowing people:
- Mr. Thomas L. Bené, Pres, CEO & Director (Age 56)
- Mr. Joel T. Grade, Exec. VP & CFO (Age 47)
- Mr. Wayne R. Shurts, Exec. VP & CTO (Age 59)
- Mr. Russell T. Libby, Exec. VP of Admin. & Corp. Sec. (Age 52)
- Mr. William J. DeLaney III, Advisor & Mentor (Age 62)
Has SYSCO been receiving favorable news coverage?
News stories about SYY stock have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SYSCO earned a daily sentiment score of 0.12 on Accern's scale. They also assigned news coverage about the company an impact score of 46.31 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are SYSCO's major shareholders?
SYSCO's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Trian Fund Management L.P. (8.61%), BlackRock Inc. (6.22%), Yacktman Asset Management LP (1.48%), American Century Companies Inc. (1.28%), Northern Trust Corp (1.18%) and Victory Capital Management Inc. (0.77%). Company insiders that own SYSCO stock include Daniel J Brutto, Greg D Bertrand, Joel T Grade, Joshua D Frank, Paul T Moskowitz, Richard G Tilghman, Robert S Charlton, Russell T Libby, Trian Fund Management, LP, Wayne Shurts, William B Day, William J Delaney III and William W Goetz. View Institutional Ownership Trends for SYSCO.
Which institutional investors are selling SYSCO stock?
SYY stock was sold by a variety of institutional investors in the last quarter, including Element Capital Management LLC, UBS Group AG, The Manufacturers Life Insurance Company, Yacktman Asset Management LP, Lord Abbett & CO. LLC, KBC Group NV, Legal & General Group Plc and Swiss National Bank. Company insiders that have sold SYSCO company stock in the last year include Greg D Bertrand, Joshua D Frank, Paul T Moskowitz, Richard G Tilghman, Russell T Libby, Trian Fund Management, LP, Wayne Shurts, William J Delaney III and William W Goetz. View Insider Buying and Selling for SYSCO.
Which institutional investors are buying SYSCO stock?
SYY stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Allen Investment Management LLC, Trian Fund Management L.P., Victory Capital Management Inc., JPMorgan Chase & Co., Mackay Shields LLC, Summit Trail Advisors LLC and Thrivent Financial for Lutherans. Company insiders that have bought SYSCO stock in the last two years include Daniel J Brutto and Trian Fund Management, LP. View Insider Buying and Selling for SYSCO.
How do I buy shares of SYSCO?
Shares of SYY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is SYSCO's stock price today?
One share of SYY stock can currently be purchased for approximately $67.79.
How big of a company is SYSCO?
SYSCO has a market capitalization of $35.47 billion and generates $55.37 billion in revenue each year. The company earns $1.14 billion in net income (profit) each year or $2.48 on an earnings per share basis. SYSCO employs 66,500 workers across the globe.
How can I contact SYSCO?
SYSCO's mailing address is 1390 ENCLAVE PKWY, HOUSTON TX, 77077. The company can be reached via phone at 281-584-1390.
MarketBeat Community Rating for SYSCO (SYY)
MarketBeat's community ratings are surveys of what our community members think about SYSCO and other stocks. Vote "Outperform" if you believe SYY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SYY will underperform the S&P 500 over the long term. You may vote once every thirty days.
