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

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$65.56 -0.35 (-0.53 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$65.56
Today's Range$65.55 - $66.55
52-Week Range$58.12 - $75.98
Volume1.65 million shs
Average Volume2.57 million shs
Market Capitalization$33.66 billion
P/E Ratio20.88
Dividend Yield2.37%
Beta0.54
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$4.6862 per share
Book Value$4.81 per share

Profitability

Net Income$1.43 billion

Miscellaneous

Employees67,000
Market Cap$33.66 billion
Next Earnings Date5/6/2019 (Estimated)
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 declared a quarterly dividend on Friday, February 22nd. Shareholders of record on Friday, April 5th will be paid a dividend of $0.39 per share on Friday, April 26th. This represents a $1.56 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, April 4th. View SYSCO's Dividend History.

How were SYSCO's earnings last quarter?

SYSCO Co. (NYSE:SYY) released its quarterly earnings data on Monday, February, 4th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.03. The business earned $14.80 billion during the quarter, compared to analyst estimates of $14.75 billion. SYSCO had a net margin of 2.48% and a return on equity of 71.45%. The firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS. View SYSCO's Earnings History.

When is SYSCO's next earnings date?

SYSCO is scheduled to release their next quarterly earnings announcement on Monday, May 6th 2019. View Earnings Estimates for SYSCO.

What price target have analysts set for SYY?

11 brokerages have issued 12 month target prices for SYSCO's shares. Their forecasts range from $54.00 to $86.00. On average, they expect SYSCO's share price to reach $72.9167 in the next twelve months. This suggests a possible upside of 11.2% 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’s shares have gained and outpaced the industry in the past three months. The company has been benefitting from strength of its U.S. Foodservice operations, wherein local case volumes have been rising for 19 straight quarters now, with rising restaurant sales remaining a major driver. Apart from this, we also commend Sysco’s focus on its key growth 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 should provide the company cushion against rising cost woes and a mixed international unit performance. Well, during the second quarter of fiscal 2019, operating expenses in the U.S. Foodservice unit escalated 4.7% on account of increased supply-chain costs across warehouse and transportation. Also, adverse currency translations is a worry." (3/19/2019)
  • 2. Pivotal Research analysts commented, "We maintain our SELL primarily on the pressures facing Sysco’s international operations and SYGMA. While the U.K. is the biggest source of uncertainty in relation to Brakes, Sysco’s Canadian operations are also facing similar expense pressures based on higher inbound freight costs and driver shortages. The issues at Brakes are of great concern based on the rapid decline in U.K. consumer spending in recent months and continued Brexit uncertainty going forward." (2/1/2019)

Has SYSCO been receiving favorable news coverage?

News coverage about SYY stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SYSCO earned a news sentiment score of 1.9 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future.

Who are some of SYSCO's key 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), Verizon Communications (VZ), Pfizer (PFE), AT&T (T), Procter & Gamble (PG), The Coca-Cola (KO), Mcdonald's (MCD), Intel (INTC), Cisco Systems (CSCO) and AbbVie (ABBV).

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. 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)

Who are SYSCO's major shareholders?

SYSCO's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.55%), Trian Fund Management L.P. (5.51%), Bank of America Corp DE (3.50%), Oregon Public Employees Retirement Fund (1.92%), Parnassus Investments CA (1.61%) and Northern Trust Corp (1.25%). 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, Robert S Charlton, 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 Trian Fund Management L.P., Smith Asset Management Group LP, O Shaughnessy Asset Management LLC, American Century Companies Inc., Bank of Montreal Can, Signature Estate & Investment Advisors LLC, First Quadrant L P CA and Retirement Systems of Alabama. 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, Robert S Charlton, Russell T Libby and Trian Fund Management, LP. 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 Oregon Public Employees Retirement Fund, Norges Bank, BlackRock Inc., Parnassus Investments CA, Geode Capital Management LLC, FMR LLC, California Public Employees Retirement System and D. E. Shaw & Co. Inc.. 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 $65.56.

How big of a company is SYSCO?

SYSCO has a market capitalization of $33.66 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:  2.0 out of 5 (star star)
Outperform Votes:  343 (Vote Outperform)
Underperform Votes:  535 (Vote Underperform)
Total Votes:  878
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 3/23/2019 by MarketBeat.com Staff

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