NYSE:SYY

Sysco - SYY Stock Forecast, Price & News

$77.20

-0.72 (-0.92%)

(As of 02/2/2023 09:11 AM ET)

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Today's Range: $77.20
▼
$77.20
50-Day Range: $75.99
▼
$86.51
52-Week Range: $70.61
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$91.53

Volume: 4,115 shs
Average Volume: 2.58 million shs
Market Capitalization: $39.12 billion

P/E Ratio: 27.87
Dividend Yield: 2.53%
Price Target: $91.60

Institutional Ownership

Sysco MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 16.1% Upside
$89.64 Price Target
Short Interest: Healthy
2.52% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.02
Upright™ Environmental Score
News Sentiment: 0.08
Based on 33 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 13.04%
From $4.14 to $4.68 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Consumer Staples Sector

9th out of 137 stocks

Groceries & Related Products Industry

2nd out of 4 stocks

3.3

Analyst's Opinion

Consensus Rating
Sysco has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $89.64, Sysco has a forecasted upside of 16.1% from its current price of $77.20.
Amount of Analyst Coverage
Sysco has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.52% of the float of Sysco has been sold short.
Short Interest Ratio / Days to Cover
Sysco has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in Sysco has recently decreased by 2.00%, indicating that investor sentiment is improving.

4.2

Dividend Strength

Dividend Yield
Sysco pays a meaningful dividend of 2.53%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Sysco has been increasing its dividend for 54 years.
Dividend Coverage
The dividend payout ratio of Sysco is 70.76%. 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 41.88% next year. This indicates that Sysco will be able to sustain or increase its dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Sysco has received a 23.19% net impact score from Upright. Sysco seems to create the most significant positive value in categories "Jobs", "Taxes", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Wholesale of nuts", "Wholesale of sweeteners", "Wholesale of baking accessories", "Wholesale of spices and condiments", "Wholesale of alternative protein food products", and "Wholesale of seeds" products. See details.
Environmental Sustainability
The Environmental Impact score for Sysco is -2.02.

2.8

News and Social Media Coverage

News Sentiment
Sysco has a news sentiment score of 0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 33 news articles for Sysco this week, compared to 8 articles on an average week.
Search Interest
32 people have searched for SYY on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.
MarketBeat Follows
32 people have added Sysco to their MarketBeat watchlist in the last 30 days. This is an increase of 357% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sysco insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.43% of the stock of Sysco is held by insiders.
Percentage Held by Institutions
81.18% 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 13.04% in the coming year, from $4.14 to $4.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sysco is 27.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sysco is 27.87, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 15.02.
Price to Earnings Growth Ratio
Sysco has a PEG Ratio of 2.08. 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 27.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sysco (NYSE:SYY) Stock

Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The U.S. Foodservice Operations consists of U.S. Broadline operations, custom-cut meat and seafood companies, FreshPoint, and European Imports. The International Foodservice Operations segment includes broadline operations in America and Europe, which distribute a full line of food products and a wide variety of non-food products. The SYGMA segment represents its customized distribution subsidiary. The Other segment covers hotel supply operations. The company was founded by John F. Baugh in 1969 and is headquartered in Houston, TX.

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SYY Stock News Headlines

January 31, 2023 | marketbeat.com

Dividend King Sysco: Buying On The Dip

Sysco had a mixed quarter but produced growth, cash flow and capital returns that should help keep this stock moving higher.

January 30, 2023 | dividendstocks.com

Sysco Stock Dividend and SYY Dividend History

February 2, 2023 | Tradewins (Ad)

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January 5, 2023 | marketbeat.com

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