NYSE:SYYSYSCO Stock Price, Forecast & News

$61.95

+3.36 (+5.73 %)

(As of 06/5/2020 02:36 PM ET)

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Today's Range

$60.95

Now: $61.95▼

$64.36

50-Day Range

$45.74

MA: $52.26▼

$59.10

52-Week Range

$26.00

Now: $61.95▼

$85.98

Volume322,909 shs

Average Volume4.40 million shs

Market Capitalization$31.45 billion

P/E Ratio23.56

Dividend Yield3.05%

Beta1.12

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 February 25, 2019, it operated 330 distribution facilities worldwide. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
SYSCO has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $69.34, SYSCO has a potential upside of 12.0% from its current price of $61.91.
Amount of Analyst Coverage
SYSCO has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.1 Community Rank

Outperform Votes
SYSCO has received 432 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
SYSCO has received 616 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
SYSCO has received 58.78% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
SYSCO is a leading dividend payer. It pays a dividend yield of 3.05%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
SYSCO has been increasing its dividend for 49 years.
Dividend Coverage
The dividend payout ratio of SYSCO is 50.70 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, SYSCO will have a dividend payout ratio of 76.92 % in the coming year. This indicates that SYSCO may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SYSCO insiders have bought more of their company's stock than they have sold. Specifically, they have bought $64,608,106.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.24% of the stock of SYSCO is held by insiders.
Percentage Held by Institutions
79.41% of the stock of SYSCO is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for SYSCO are expected to grow by 16.42% in the coming year, from $2.01 to $2.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SYSCO is 23.54, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of SYSCO is 23.54, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 36.97.
Price to Earnings Growth Ratio
SYSCO has a PEG Ratio of 3.27. 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 12.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.95 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Groceries & related products

Sub-IndustryFood Distributors

SectorConsumer Staples

Current SymbolNYSE:SYY

Previous Symbol

CUSIP87182910

CIK96021

Webwww.sysco.com

Phone281-584-1390

Debt

Debt-to-Equity Ratio5.21

Current Ratio1.49

Quick Ratio0.93

Price-To-Earnings

Trailing P/E Ratio23.56

Forward P/E Ratio30.82

P/E Growth3.27

Sales & Book Value

Annual Sales$60.11 billion

Price / Sales0.52

Cash Flow$5.39 per share

Price / Cash Flow11.50

Book Value$4.87 per share

Price / Book12.72

Profitability

EPS (Most Recent Fiscal Year)$3.55

Net Income$1.67 billion

Net Margins2.30%

Return on Equity73.70%

Return on Assets9.14%

Miscellaneous

Employees69,000

Outstanding Shares507,620,000

Market Cap$31.45 billion

Next Earnings Date8/10/2020 (Estimated)

OptionableOptionable

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SYSCO (NYSE:SYY) Frequently Asked Questions

How has SYSCO's stock been impacted by COVID-19 (Coronavirus)?

SYSCO's stock was trading at $55.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SYY stock has increased by 12.3% and is now trading at $61.91. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of SYSCO?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SYSCO in the last year. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for SYSCO.

When is SYSCO's next earnings date?

SYSCO is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020. View our earnings forecast for SYSCO.

How were SYSCO's earnings last quarter?

SYSCO Co. (NYSE:SYY) issued its quarterly earnings data on Tuesday, May, 5th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.53 by $0.08. The firm had revenue of $13.70 billion for the quarter, compared to analyst estimates of $14.04 billion. SYSCO had a net margin of 2.30% and a return on equity of 73.70%. The company's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 EPS. View SYSCO's earnings history.

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

SYSCO announced a quarterly dividend on Friday, May 22nd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.45 per share on Friday, July 24th. This represents a $1.80 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, July 1st. View SYSCO's dividend history.

What price target have analysts set for SYY?

12 brokerages have issued 1 year price objectives for SYSCO's stock. Their forecasts range from $47.00 to $94.00. On average, they anticipate SYSCO's stock price to reach $69.34 in the next twelve months. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets for SYSCO.

Has SYSCO been receiving favorable news coverage?

Media headlines about SYY stock have been trending extremely positive on Friday, InfoTrie reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. SYSCO earned a media sentiment score of 4.3 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutSYSCO.

Are investors shorting SYSCO?

SYSCO saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 14,170,000 shares, an increase of 33.4% from the April 30th total of 10,620,000 shares. Based on an average daily trading volume, of 6,280,000 shares, the short-interest ratio is currently 2.3 days. Currently, 2.8% of the shares of the company are sold short. View SYSCO's Current Options Chain.

Who are some of SYSCO's key competitors?

Some companies that are related to SYSCO include Domino's Pizza (DPZ), US Foods (USFD), HF Foods Group (HFFG), Alkaline Water (WTER), Coffee (JVA) and Rave Restaurant Group (RAVE). View all competitors.

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), Verizon Communications (VZ), Pfizer (PFE), Procter & Gamble (PG), Exxon Mobil (XOM), AbbVie (ABBV), Coca-Cola (KO), Mcdonald's (MCD) and Cisco Systems (CSCO).

Who are SYSCO's key executives?

SYSCO's management team includes the following people:

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

What is SYSCO's stock symbol?

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

Who are SYSCO's major shareholders?

SYSCO's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.68%), Wellington Management Group LLP (5.27%), State Street Corp (5.20%), Longview Partners Guernsey LTD (2.25%), Janus Henderson Group PLC (2.03%) and Wells Fargo & Company MN (1.96%). Company insiders that own SYSCO stock include Brian R Todd, Greg D Bertrand, Hans-Joachim Koerber, Joel T Grade, John M Cassaday, Joshua D Frank, Paul T Moskowitz, Richard G Tilghman, Robert S Charlton, Russell T Libby, Thomas Bene and Trian Fund Management, LP. View institutional ownership trends for SYSCO.

Which major investors are selling SYSCO stock?

SYY stock was sold by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Two Sigma Advisers LP, Nuveen Asset Management LLC, Hexavest Inc., Bahl & Gaynor Inc., Bessemer Group Inc., Canada Pension Plan Investment Board, and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have sold SYSCO company stock in the last year include Brian R Todd, Greg D Bertrand, Hans-Joachim Koerber, John M Cassaday, Paul T Moskowitz, Robert S Charlton, and Thomas Bene. View insider buying and selling activity for SYSCO.

Which major investors are buying SYSCO stock?

SYY stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Longview Partners Guernsey LTD, Capital International Investors, Yacktman Asset Management LP, Unigestion Holding SA, Alyeska Investment Group L.P., Sumitomo Mitsui Trust Holdings Inc., and APG Asset Management N.V.. Company insiders that have bought SYSCO stock in the last two years include Joshua D Frank, and Trian Fund Management, LP. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is SYSCO's stock price today?

One share of SYY stock can currently be purchased for approximately $61.91.

How big of a company is SYSCO?

SYSCO has a market capitalization of $31.43 billion and generates $60.11 billion in revenue each year. The company earns $1.67 billion in net income (profit) each year or $3.55 on an earnings per share basis. SYSCO employs 69,000 workers across the globe.

What is SYSCO's official website?

The official website for SYSCO is 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.

This page was last updated on 6/5/2020 by MarketBeat.com Staff