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Sysco (SYY) Stock Price, News & Analysis

$73.62
-0.74 (-1.00%)
(As of 07/19/2024 ET)
Today's Range
$73.50
$74.77
50-Day Range
$69.16
$76.24
52-Week Range
$62.24
$82.89
Volume
2.04 million shs
Average Volume
3.44 million shs
Market Capitalization
$36.66 billion
P/E Ratio
17.96
Dividend Yield
2.77%
Price Target
$85.00

Sysco MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
15.5% Upside
$85.00 Price Target
Short Interest
Healthy
1.87% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.02
Upright™ Environmental Score
News Sentiment
0.84mentions of Sysco in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.74%
From $4.30 to $4.59 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.85 out of 5 stars

Consumer Staples Sector

7th out of 129 stocks

Groceries & Related Products Industry

2nd out of 3 stocks

SYY stock logo

About Sysco Stock (NYSE:SYY)

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; imported specialties; and fresh produce products. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of glassware and silverware; cookware, such as pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. The company serves restaurants, hospitals and nursing facilities, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. Sysco Corporation was incorporated in 1969 and is headquartered in Houston, Texas.

SYY Stock Price History

SYY Stock News Headlines

Sysco (NYSE:SYY) Price Target Cut to $87.00
You missed the class - here’s your second chance
It’s time to start your Weekend Side Hustle Right now, some of the HARDEST working folks are getting destroyed by inflation. And that’s left folks looking anywhere they can to generate extra income to cover the bills. It’s almost impossible to keep up with the ever rising costs of living anymore… Most folks think that the ONLY way to generate extra income is by picking up a second job at Costco… Or working overtime hours and late weekend nights. But with what I’m about to share…
Sysco (NYSE:SYY) Given New $81.00 Price Target at Morgan Stanley
Brokerages Set Sysco Co. (NYSE:SYY) PT at $84.90
Sysco: Buy On Robust Dining Out Demand
Taking a Closer Look at Sysco
You missed the class - here’s your second chance
It’s time to start your Weekend Side Hustle Right now, some of the HARDEST working folks are getting destroyed by inflation. And that’s left folks looking anywhere they can to generate extra income to cover the bills. It’s almost impossible to keep up with the ever rising costs of living anymore… Most folks think that the ONLY way to generate extra income is by picking up a second job at Costco… Or working overtime hours and late weekend nights. But with what I’m about to share…
Guggenheim Upgrades Sysco (SYY)
See More Headlines
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Company Calendar

Ex-Dividend for 4/26 Dividend
4/04/2024
Dividend Payable
4/26/2024
Last Earnings
4/30/2024
Ex-Dividend for 7/26 Dividend
7/05/2024
Today
7/20/2024
Dividend Payable
7/26/2024
Next Earnings (Confirmed)
7/30/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Groceries & related products
Sub-Industry
Food Distributors
CUSIP
87182910
Employees
72,000
Year Founded
1969

Price Target and Rating

Average Stock Price Target
$85.00
High Stock Price Target
$90.00
Low Stock Price Target
$79.00
Potential Upside/Downside
+15.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$1.77 billion
Pretax Margin
3.49%

Debt

Sales & Book Value

Annual Sales
$76.32 billion
Cash Flow
$5.77 per share
Book Value
$3.96 per share

Miscellaneous

Free Float
495,094,000
Market Cap
$36.66 billion
Optionable
Optionable
Beta
1.18

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Should I Buy Sysco Stock? SYY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Sysco Co.:

  • Sysco Co. stock price is currently at $81.33, showing potential for growth.
  • Recent quarterly earnings report beat consensus estimates, indicating strong financial performance.
  • Positive analyst ratings with an average rating of "Moderate Buy" and a consensus price target of $85.10.
  • Stable revenue growth of 3.7% year-over-year, showcasing consistent business performance.
  • Low debt-to-equity ratio of 5.00, indicating a healthy financial structure.

Cons

Investors should be bearish about investing in Sysco Co. for these reasons:

  • Recent reduction in price targets by various analysts, signaling potential market concerns.
  • Decline in stock price by 0.5% on the latest trading day, indicating short-term volatility.
  • Market capitalization of $40.49 billion may limit rapid growth opportunities.
  • Current P/E ratio of 19.72 may suggest the stock is slightly overvalued.
  • Beta of 1.16 indicates moderate volatility compared to the market average.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Sysco pros and cons to contact@marketbeat.com.

SYY Stock Analysis - Frequently Asked Questions

How have SYY shares performed this year?

Sysco's stock was trading at $73.13 at the beginning of the year. Since then, SYY shares have increased by 0.7% and is now trading at $73.62.
View the best growth stocks for 2024 here
.

How were Sysco's earnings last quarter?

Sysco Co. (NYSE:SYY) issued its earnings results on Tuesday, April, 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.01. The firm's revenue for the quarter was up 2.7% on a year-over-year basis.
Read the conference call transcript
.

What is Kevin Hourican's approval rating as Sysco's CEO?

112 employees have rated Sysco Chief Executive Officer Kevin Hourican on Glassdoor.com. Kevin Hourican has an approval rating of 66% among the company's employees.

Does Sysco have any subsidiaries?

The following companies are subsidiaries of Sysco: Upsys, J. Kings Food Service Professionals, J & M Wholesale Meats, Waugh Foods, Doerle Food Service, Supplies on the Fly, North Star Seafood, and others.

Who are Sysco's major shareholders?

Sysco's top institutional shareholders include Raymond James & Associates (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Meyer Handelman Co. (0.11%) and Country Trust Bank (0.08%). Insiders that own company stock include Kevin Hourican, Greg D Bertrand, Neil Russell, Aaron E Alt, Sheila Talton, James Chris Jasper, Cathy Marie Robinson and Anita A Zielinski.
View institutional ownership trends
.

How do I buy shares of Sysco?

Shares of SYY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sysco own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sysco investors own include Johnson & Johnson (JNJ), AT&T (T), AbbVie (ABBV), Pfizer (PFE), Verizon Communications (VZ), Intel (INTC) and Coca-Cola (KO).

This page (NYSE:SYY) was last updated on 7/20/2024 by MarketBeat.com Staff

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