Sysco Corporation Company Profile (NYSE:SYY)

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

Sysco Corporation declared a quarterly dividend on Thursday, May 25th. Investors of record on Friday, July 7th will be paid a dividend of $0.33 per share on Friday, July 28th. This represents a $1.32 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Wednesday, July 5th. View Sysco Corporation's Dividend History.

Sysco Corporation (NYSE:SYY) issued its earnings results on Monday, May, 8th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The company earned $13.52 billion during the quarter, compared to the consensus estimate of $13.14 billion. Sysco Corporation had a return on equity of 47.28% and a net margin of 1.93%. The company's revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. View Sysco Corporation's Earnings History.

Sysco Corporation is scheduled to release their next quarterly earnings announcement on Monday, August, 14th 2017. View Earnings Estimates for Sysco Corporation.

14 equities research analysts have issued 1 year price targets 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 $56.42 in the next twelve months. View Analyst Ratings for Sysco Corporation.

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

• 1. According to Zacks Investment Research, "Despite declining shares over the past one year due to macroeconomic headwinds, the drop is narrower than the industry owing to its strong fundamentals. The company’s growth is supported by a wide portfolio of brands across a wide array of business segments. Solid growth in key categories such as beef, pork and poultry alongside of cost reduction initiatives have benefitted the company as evident from its positive gross margins in the last eight consecutive quarters. Sysco’s strategic acquisitions, especially London-based Brakes acquisition have aided the growth of its distribution network and customer base and drove long-term growth. However, the company remains concerned about the deflationary trend that is likely to continue in fiscal 2017, along with stiff competition and promotional environment. Nevertheless, estimates have remained stable since the past thirty days, ahead of its fourth quarter results." (7/21/2017)
• 2. 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)
• 3. 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)
• 4. Royal Bank Of Canada analysts commented, "We are initiating on Sysco with a Sector Perform rating and $47 price target. Despite a softening category and an unsustainable gross margin trajectory, Sysco trades at an all-time high and with the smallest post-recession gap to restaurant valuations. While we think the $500m three-year EBIT growth goal is achievable/raisable, we believe this is already factored into consensus numbers." (1/24/2017)

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

Sysco Corporation's management team includes the folowing people:

• Thomas L. Bene, President, Chief Operating Officer
• 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
• William B. Day, Executive Vice President, Merchandising and SBS
• Anita A. Zielinski, Senior Vice President, Chief Accounting Officer
• Greg D. Bertrand, Senior Vice President, U.S. Foodservice Operations

Sysco Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include APG Asset Management N.V. (0.49%), Great West Life Assurance Co. Can (0.43%), Acadian Asset Management LLC (0.30%), Hexavest Inc. (0.27%), PGGM Investments (0.19%) and Clarkston Capital Partners LLC (0.18%). 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 Acadian Asset Management LLC, NN Investment Partners Holdings N.V., Russell Investments Group Ltd., NGAM Advisors L.P., Hermes Investment Management Ltd., Hexavest Inc., Oregon Public Employees Retirement Fund and ING Groep NV. 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, Wayne Shurts, William B Day and William J Delaney III. View Insider Buying and Selling for Sysco Corporation.

Sysco Corporation's stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Clarkston Capital Partners LLC, Ardevora Asset Management LLP, Affinity Investment Advisors LLC, Mn Services Vermogensbeheer B.V., Great West Life Assurance Co. Can, Meag Munich Ergo Kapitalanlagegesellschaft MBH and National Pension Service. 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 $52.56.