NYSE:SYY - SYSCO Stock Price, News, & Analysis

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$62.68 +0.44 (+0.71 %)
(As of 01/22/2019 03:42 AM ET)
Previous Close$62.24
Today's Range$62.13 - $63.28
52-Week Range$56.01 - $75.98
Volume2.60 million shs
Average Volume2.60 million shs
Market Capitalization$32.58 billion
P/E Ratio19.96
Dividend Yield2.49%
Beta0.57
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. 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. As of June 30, 2018, it operated 332 distribution facilities in North America and Europe. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas.

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Industry, Sector and Symbol

Industry Groceries & related products
Sub-IndustryFood Distributors
SectorConsumer Staples
CUSIP87182910
Phone281-584-1390

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$58.73 billion
Cash Flow$4.7092 per share
Book Value$4.81 per share

Profitability

Net Income$1.43 billion

Miscellaneous

Employees67,000
Market Cap$32.58 billion
OptionableOptionable

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 announced a quarterly dividend on Thursday, November 15th. Stockholders of record on Friday, January 4th will be paid a dividend of $0.39 per share on Friday, January 25th. This represents a $1.56 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, January 3rd. This is a positive change from SYSCO's previous quarterly dividend of $0.36. View SYSCO's Dividend History.

How were SYSCO's earnings last quarter?

SYSCO Co. (NYSE:SYY) posted its quarterly earnings results on Monday, November, 5th. The company reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by $0.01. The business had revenue of $15.22 billion for the quarter, compared to analyst estimates of $15.39 billion. SYSCO had a net margin of 2.52% and a return on equity of 68.81%. SYSCO's revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. View SYSCO's Earnings History.

When is SYSCO's next earnings date?

SYSCO is scheduled to release their next quarterly earnings announcement on Monday, February 4th 2019. View Earnings Estimates for SYSCO.

How can I listen to SYSCO's earnings call?

SYSCO will be holding an earnings conference call on Monday, February 4th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for SYY?

11 Wall Street analysts have issued twelve-month price targets for SYSCO's stock. Their predictions range from $62.00 to $86.00. On average, they expect SYSCO's stock price to reach $73.5833 in the next year. This suggests a possible upside of 17.4% from the stock's current price. View Analyst Price Targets for SYSCO.

What is the consensus analysts' recommendation for SYSCO?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SYSCO in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 has lagged the industry in the past three months, has long been battling cost-related hurdles. This, along with a soft international performance weighed on the company’s first-quarter fiscal 2019 results, wherein top and bottom lines missed estimates. Incidentally, International sales depicted a slowdown, with several restaurant closures and Brexit related worries impacting UK’s performance. The company expects its warehouse and transportation costs associated with supply chain to persist, which remains a threat to margins. Nonetheless, Sysco’s U.S. Foodservice division has been performing well for quite some time now, wherein local case volumes have been rising for 18 straight quarters, due to solid restaurant sales. A rosy economic scenario is likely to continue aiding restaurant sales. Also, focus on enhancing assortments, making innovations, ensuring food safety and revitalizing brands bodes well." (1/21/2019)
  • 2. Pivotal Research analysts commented, "We also question how long Sysco can remain immune from the recent industry pressures in its U.S Foodservice operations. Both US Foods and PFGC are spending heavily on marketing associates to address a general slowdown in case volumes to independents. The factors behind the recent earnings setbacks at PFGC and USFD should also have some relevance for Sysco. Ahead of 1Q19 earnings on 11/5, we are lowering our estimates to account for slightly higher expense assumptions." (11/2/2018)

Has SYSCO been receiving favorable news coverage?

Media headlines about SYY stock have been trending very positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. SYSCO earned a news impact score of 3.2 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

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, Chairman of the board, Pres & CEO (Age 57)
  • Mr. Joel T. Grade, Exec. VP & CFO (Age 48)
  • Mr. Wayne R. Shurts, Exec. VP & CTO (Age 60)
  • Mr. Russell T. Libby, Exec. VP of Admin. & Corp. Sec. (Age 53)
  • Mr. Greg D. Bertrand, Exec. VP of U.S. Foodservice Operations (Age 55)

Who are SYSCO's major shareholders?

SYSCO's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Hexavest Inc. (0.20%), Clarkston Capital Partners LLC (0.11%), BTIM Corp. (0.07%), State of Alaska Department of Revenue (0.06%), Personal Capital Advisors Corp (0.05%) and Retirement Systems of Alabama (0.04%). Company insiders that own SYSCO stock include Brian R Todd, Daniel J Brutto, Greg D Bertrand, Joel T Grade, 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 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 Retirement Systems of Alabama, Gulf International Bank UK Ltd, Nisa Investment Advisors LLC, Park National Corp OH, Clarkston Capital Partners LLC, First Midwest Bank Trust Division, USS Investment Management Ltd and First Hawaiian Bank. Company insiders that have sold SYSCO company stock in the last year include Brian R Todd, Joel T Grade, Joshua D Frank, Paul T Moskowitz, Richard G Tilghman, Trian Fund Management, LP and Wayne Shurts. View Insider Buying and Selling for SYSCO.

Which institutional investors are buying SYSCO stock?

SYY stock was acquired by a variety of institutional investors in the last quarter, including Hexavest Inc., Contravisory Investment Management Inc., Pensionfund DSM Netherlands, State of Alaska Department of Revenue, Pensionfund Sabic, TrimTabs Asset Management LLC, Nachman Norwood & Parrott Inc and Personal Capital Advisors Corp. 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 $62.68.

How big of a company is SYSCO?

SYSCO has a market capitalization of $32.58 billion and generates $58.73 billion in revenue each year. The company earns $1.43 billion in net income (profit) each year or $3.14 on an earnings per share basis. SYSCO employs 67,000 workers across the globe.

What is SYSCO's official website?

The official website for SYSCO is http://www.sysco.com.

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 (NYSE SYY)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  330 (Vote Outperform)
Underperform Votes:  524 (Vote Underperform)
Total Votes:  854
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.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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