Sysco Corporation Company Profile (NYSE:SYY)

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

Sysco Corporation announced a quarterly dividend on Friday, July 28th. Stockholders of record on Friday, October 6th will be given a dividend of $0.33 per share on Friday, October 27th. This represents a $1.32 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, October 5th. View Sysco Corporation's Dividend History.

Sysco Corporation (NYSE:SYY) released its earnings results on Monday, August, 14th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The business earned $14.40 billion during the quarter, compared to analysts' expectations of $14.35 billion. Sysco Corporation had a return on equity of 53.25% and a net margin of 2.06%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share. View Sysco Corporation's Earnings History.

Sysco Corporation is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Sysco Corporation.

13 analysts have issued 12 month target prices for Sysco Corporation's shares. Their forecasts range from $50.00 to $61.00. On average, they expect Sysco Corporation's stock price to reach $56.09 in the next year. View Analyst Ratings for Sysco Corporation.

Here are some recent quotes from research analysts about Sysco Corporation stock:

• 1. According to Zacks Investment Research, "Sysco’s shares have outpaced the industry in the past year, primarily backed by its strategic initiatives. Armed with a strong business portfolio, the company has been gaining from its recent acquisitions. Evidently, the acquisition of London-based Brakes Group led to an increase of 5.7% of sales on a year-over-year basis in the fourth-quarter fiscal 2017. Notably, the company’s sales have improved consistently driven by acquisitions and volume growth. Sysco’s efforts to boost sales and margins are paying up, as the company has delivered positive gross margins in the last nine quarters, after declining consistently since past several quarters. However, macroeconomic headwinds including stiff competition and aggressive promotional environment remain major concerns." (10/10/2017)
• 2. Wells Fargo & Company 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)
• 3. Pivotal Research analysts commented, "We estimate that the addback of accelerated depreciation for the project has accounted for around 30% of the adj. operating income growth YTD. Even without further benefits from the SAP write-off, Sysco is two-thirds of the way towards achieving its FY18 objective of $600-$650 million in adj. operating income growth. If Sysco is able to generate a similar level of growth in profitability next year as FY17, then it should be comfortably on track to deliver around $640 million of adj." (8/13/2017)
• 4. BMO Capital Markets analysts commented, "DRI posted F4Q17 (May) pro forma EPS of $1.18, above the $1.15 consensus, but below our $1.19 estimate. Excluding the Cheddar’s acquisition, DRI’s blended comp of +3.3% beat our +2.5% estimate and the +2.4% Street mean. This was led by comps of +4.4% at Olive Garden and +3.5% at LongHorn." (6/27/2017)
• 5. Credit Suisse Group analysts commented, "SYY's stock is well off its high, despite generally strong earnings performances and an impressive increase in the company's 2018 earnings outlook. We see the sell-off as an opportunity to own a blue-chip company in an attractive industry, with solid underlying operating momentum, and insulation from many of the structural issues plaguing the consumer sector today. Weak industry volume growth is the big push back, but the headwind seems overstated. With the stock now trading at about 17.5x our new fiscal 2018 estimate, the valuation is more appealing than it's been in some time. We upgraded the stock to Outperform from Neutral and raised our target price to $59 from $55." (2/6/2017)

Some companies that are related to Sysco Corporation include Kroger Company (The) (KR), Tesco PLC (TSCO), Companhia Brasileira de Distribuicao (CBD), US Foods Holding Corp (USFD), WM Morrison Supermarkets PLC (MRW), Booker Group Plc (BOK), Performance Food Group Company (PFGC), Sprouts Farmers Market (SFM), United Natural Foods (UNFI), Diplomat Pharmacy (DPLO), Weis Markets (WMK), SuperValu (SVU), GNC Holdings (GNC), McColl's Retail Group PLC (MCLS), DAVIDsTEA (DTEA), Boulder Brands (BDBD), Boulder Brands (SMBL) and Delhaize Group SA (DEG).

Sysco Corporation's management team includes the folowing people:

• Thomas L. Bene, President, Chief Executive Officer, Director
• William J. DeLaney III, Chief Executive Officer, Director
• Joel T. Grade, Chief Financial Officer, Executive Vice President
• Wayne R. Shurts, Executive Vice President, Chief Technology Officer
• Paul T. Moskowitz, Executive Vice President - Human Resources
• Russell T. Libby, Executive Vice President - Administration, Corporate Secretary
• R. Scott Charlton, Executive Vice President - Supply Chain
• Anita A. Zielinski, Senior Vice President, Chief Accounting Officer
• Greg D. Bertrand, Senior Vice President, U.S. Foodservice Operations
• Ajoy H. Karna, Senior Vice President - International Foodservice Operations – Europe

Sysco Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Park National Corp OH (0.03%), Curbstone Financial Management Corp (0.01%) and Eqis Capital Management Inc. (0.00%). Company insiders that own Sysco Corporation stock include Daniel J Brutto, Greg D Bertrand, Hans-Joachim Koerber, Jackie M Ward, Joel T Grade, Paul T Moskowitz, Robert S Charlton, Russell T Libby, Trian Fund Management, LP, Wayne Shurts, William B Day and William J Delaney III. View Institutional Ownership Trends for Sysco Corporation.

Sysco Corporation's stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH. Company insiders that have sold Sysco Corporation stock in the last year include Greg D Bertrand, Joel T Grade, Paul T Moskowitz, Robert S Charlton, Russell T Libby, Trian Fund Management, LP, Wayne Shurts, William B Day and William J Delaney III. View Insider Buying and Selling for Sysco Corporation.

Sysco Corporation's stock was bought by a variety of institutional investors in the last quarter, including Curbstone Financial Management Corp and Eqis Capital Management Inc.. Company insiders that have bought Sysco Corporation stock in the last two years include Daniel J Brutto, Jackie M Ward and Trian Fund Management, LP. View Insider Buying and Selling for Sysco Corporation.

Shares of Sysco Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Sysco Corporation stock can currently be purchased for approximately $54.87.