NYSE:SYYSYSCO Stock Price, Forecast & News

$47.25

+1.18 (+2.56 %)

(As of 04/9/2020 02:31 AM ET)

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Today's Range

$46.45

Now: $47.25▼

$50.00

50-Day Range

$28.91

MA: $55.54▼

$78.21

52-Week Range

$26.00

Now: $47.25▼

$85.98

Volume5.88 million shs

Average Volume5.17 million shs

Market Capitalization$24.03 billion

P/E Ratio13.54

Dividend Yield3.91%

Beta1.03

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^™

4.2 Analyst's Opinion

Consensus Rating
SYSCO has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 7 buy ratings, 6 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $73.34, SYSCO has a potential upside of 55.2% from its current price of $47.25.
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.

2.0 Community Rank

Outperform Votes
SYSCO has received 425 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
SYSCO has received 614 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
SYSCO has received 59.10% “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.

5.0 Dividend Strength

Dividend Leadership
SYSCO is a leading dividend payer. It pays a dividend yield of 3.91%, 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 earnings estimates, SYSCO will have a dividend payout ratio of 48.26 % next year. This indicates that SYSCO will be able to sustain or increase its dividend.

1.0 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 $76,554.00 in company stock.
Percentage Held by Insiders
Only 5.24% of the stock of SYSCO is held by insiders.
Percentage Held by Institutions
79.93% of the stock of SYSCO is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for SYSCO are expected to grow by 8.75% in the coming year, from $3.43 to $3.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SYSCO is 13.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.87.
Price to Earnings Ratio vs. Sector
The P/E ratio of SYSCO is 13.54, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 23.03.
Price to Earnings Growth Ratio
SYSCO has a PEG Ratio of 1.28. 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 9.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.81 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

Webhttp://www.sysco.com/

Phone281-584-1390

Debt

Debt-to-Equity Ratio3.42

Current Ratio1.25

Quick Ratio0.74

Price-To-Earnings

Trailing P/E Ratio13.54

Forward P/E Ratio13.78

P/E Growth1.28

Sales & Book Value

Annual Sales$60.11 billion

Price / Sales0.40

Cash Flow$6.15 per share

Price / Cash Flow7.68

Book Value$4.87 per share

Price / Book9.70

Profitability

EPS (Most Recent Fiscal Year)$3.55

Net Income$1.67 billion

Net Margins3.00%

Return on Equity78.49%

Return on Assets10.38%

Miscellaneous

Employees69,000

Outstanding Shares508,509,000

Market Cap$24.03 billion

Next Earnings Date5/4/2020 (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 reached pandemic status according to the World Health Organization. Since then, SYY stock has decreased by 14.3% and is now trading at $47.25. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of SYSCO?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SYSCO in the last year. There are currently 2 sell ratings, 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for SYSCO.

When is SYSCO's next earnings date?

SYSCO is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for SYSCO.

How were SYSCO's earnings last quarter?

SYSCO Co. (NYSE:SYY) issued its earnings results on Monday, February, 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. The firm earned $15.03 billion during the quarter, compared to analysts' expectations of $15.11 billion. SYSCO had a return on equity of 78.49% and a net margin of 3.00%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 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 Thursday, February 27th. Investors of record on Friday, April 3rd will be given a dividend of $0.45 per share on Friday, April 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, April 2nd. View SYSCO's dividend history.

What price target have analysts set for SYY?

15 Wall Street analysts have issued twelve-month price objectives for SYSCO's shares. Their forecasts range from $47.00 to $94.00. On average, they expect SYSCO's stock price to reach $73.34 in the next year. This suggests a possible upside of 55.2% from the stock's current price. View analysts' price targets 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 has outpaced the industry in the past six months, courtesy of strength of its U.S. Foodservice operations, wherein local case volumes rose for the 20th straight time in third-quarter fiscal 2019. The company is also gaining from its strategies for 2020, which include enhancing consumers’ experience, optimizing business, stimulating power of its people and achieving operational efficacy. These upsides along with focus on buyouts and cost-containment efforts helped the company deliver top and bottom-line growth in the third quarter. Also, these efforts should provide cushion against rising costs and international unit challenges. During the quarter, the U.S. Foodservice unit saw high supply-chain costs across warehouse and transportation. Moreover, the international unit was somewhat dragged by Brexit-related worries and currency woes." (6/11/2019)
2. Pivotal Research analysts commented, "We think the 3Q19 results reflect a combination of deep cost cutting in Sysco’s U.S. operations, Canada, and Europe and also some degree of financial engineering with respect to expense management. Within Sysco’s international operations, the core operating performance was particularly weak in 3Q. The decrease in revenue and in gross profit are clearly disconnected from the 30% improvement for international based on the adj. operating income growth reported for 3Q. In the U.S. Foodservice operations, the incremental softness in customer traffic (for independents in particular) is also in sharp contrast to the adjusted earnings growth reported in 3Q. We reiterate our SELL rating due to the structural challenges with Brakes, near-term headwinds across Europe, and continued volume pressure with independents in Sysco’s U.S. Foodservice operations." (5/7/2019)

Has SYSCO been receiving favorable news coverage?

Media coverage about SYY stock has trended very negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring 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 positive five, with scores closest to five being the most favorable. SYSCO earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned press 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 near term. View the latest news aboutSYSCO.

Are investors shorting SYSCO?

SYSCO saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 11,217,600 shares, an increase of 30.9% from the February 27th total of 8,570,000 shares. Based on an average trading volume of 2,530,000 shares, the days-to-cover ratio is presently 4.4 days. Currently, 2.2% of the company's stock 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).

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), Procter & Gamble (PG), AbbVie (ABBV), Mcdonald's (MCD), Pfizer (PFE), Intel (INTC), Home Depot (HD) and Exxon Mobil (XOM).

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 State of Alaska Department of Revenue (0.04%), Gradient Investments LLC (0.03%), Investment House LLC (0.02%), Park National Corp OH (0.01%), Truehand Inc (0.01%) and Callahan Advisors LLC (0.01%). 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 institutional investors are selling SYSCO stock?

SYY stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH, Callahan Advisors LLC, Investment House LLC, Private Trust Co. NA, Pensionfund DSM Netherlands, Cypress Capital Group, Edmonds Duncan Registered Investment Advisors LLC, and Orrstown Financial Services Inc.. 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 institutional investors are buying SYSCO stock?

SYY stock was acquired by a variety of institutional investors in the last quarter, including Gradient Investments LLC, Foundations Investment Advisors LLC, First National Bank of Mount Dora Trust Investment Services, State of Alaska Department of Revenue, CHICAGO TRUST Co NA, Truehand Inc, Pensionfund Sabic, and IBM Retirement Fund. 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 $47.25.

How big of a company is SYSCO?

SYSCO has a market capitalization of $24.03 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. View additional information about SYSCO.

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.

This page was last updated on 4/9/2020 by MarketBeat.com Staff

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NYSE:SYYSYSCO Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

4.2 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.0 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment