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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 in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg. 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 through 324 distribution facilities. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Industry Groceries & related products
Trailing P/E Ratio26.23
Forward P/E Ratio21.84
Sales & Book Value
Annual Sales$55.37 billion
Price / Sales0.61
Cash Flow$4.3554 per share
Price / Cash14.94
Book Value$4.51 per share
Price / Book14.43
EPS (Most Recent Fiscal Year)$2.48
Net Income$1.14 billion
Return on Equity64.33%
Return on Assets8.14%
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 Thursday, May 24th. Investors of record on Friday, July 6th will be paid a dividend of $0.36 per share on Friday, July 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.21%. View SYSCO's Dividend History.
How were SYSCO's earnings last quarter?
SYSCO Co. (NYSE:SYY) released its earnings results on Monday, May, 7th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. The business had revenue of $14.35 billion for the quarter, compared to analyst estimates of $14.32 billion. SYSCO had a return on equity of 64.33% and a net margin of 2.23%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. View SYSCO's Earnings History.
When is SYSCO's next earnings date?
What price target have analysts set for SYY?
11 analysts have issued 12 month price objectives for SYSCO's stock. Their predictions range from $57.00 to $74.00. On average, they expect SYSCO's stock price to reach $65.10 in the next twelve months. 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, which surpassed the industry in a year, has been gaining from sturdy U.S. Foodservice Operations. This trend continued in third-quarter fiscal 2018 as well, which marked the company’s fourth straight quarter of earnings beat. In fact, local case volumes in this segment have been improving year over year for 16 consecutive quarters. Further, the company’s performance gained from lower taxes and favorable results in the international segment. Notably, the company is on track with its three-year financial goals to drive efficiency and augment offerings. On the flip side, Sysco continues to bear the brunt of higher inbound freight costs. Moreover, the company’s European business has been grappling with high product inflation and reduced shipping days. This, combined with inflationary trends in U.S Broadline operations and in the U.K., continues to be a threat to Sysco’s performance." (5/9/2018)
- 2. Pivotal Research analysts commented, "We expect around 2.0% inflation in 1Q18 (from 2.6% in 4Q17). Share buybacks are not expected to play as meaningful of a role in FY18. The depreciation addback for Sysco’s technology conversion process has also run its course. Still, we’re comfortable that Sysco’s adj." (11/5/2017)
- 3. Wells Fargo & Co 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)
Who are some of SYSCO's key competitors?
Who are SYSCO's key executives?
SYSCO's management team includes the folowing people:
- Mr. Thomas L. Bené, Pres, CEO & Director (Age 56)
- Mr. Joel T. Grade, Exec. VP & CFO (Age 47)
- Mr. Wayne R. Shurts, Exec. VP & CTO (Age 59)
- Mr. Russell T. Libby, Exec. VP of Admin. & Corp. Sec. (Age 52)
- Mr. William J. DeLaney III, Advisor & Mentor (Age 62)
Has SYSCO been receiving favorable news coverage?
Media headlines about SYY stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SYSCO earned a media sentiment score of 0.07 on Accern's scale. They also assigned media stories about the company an impact score of 46.56 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are SYSCO's major shareholders?
SYSCO's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Trian Fund Management L.P. (8.61%), BlackRock Inc. (6.22%), Yacktman Asset Management LP (1.48%), American Century Companies Inc. (1.28%), Northern Trust Corp (1.18%) and Victory Capital Management Inc. (0.77%). Company insiders that own SYSCO stock include Daniel J Brutto, Greg D Bertrand, Jackie M Ward, Joel T Grade, Paul T Moskowitz, Richard G Tilghman, Robert S Charlton, Russell T Libby, Trian Fund Management, LP, Wayne Shurts, William B Day, 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 Element Capital Management LLC, UBS Group AG, The Manufacturers Life Insurance Company , Yacktman Asset Management LP, Lord Abbett & CO. LLC, KBC Group NV, Legal & General Group Plc and Swiss National Bank. Company insiders that have sold SYSCO company stock in the last year include Greg D Bertrand, Paul T Moskowitz, Richard G Tilghman, Russell T Libby, Trian Fund Management, LP, Wayne Shurts, William J Delaney III and William W Goetz. View Insider Buying and Selling for SYSCO.
Which institutional investors are buying SYSCO stock?
SYY stock was purchased by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Allen Investment Management LLC, Trian Fund Management L.P., Victory Capital Management Inc., JPMorgan Chase & Co., Mackay Shields LLC, Summit Trail Advisors LLC and Thrivent Financial for Lutherans. Company insiders that have bought SYSCO 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.
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 $65.03.
How big of a company is SYSCO?
SYSCO has a market capitalization of $33.40 billion and generates $55.37 billion in revenue each year. The company earns $1.14 billion in net income (profit) each year or $2.48 on an earnings per share basis. SYSCO employs 66,500 workers across the globe.
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 (SYY)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.
SYSCO (NYSE:SYY) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
11 Wall Street analysts have issued ratings and price targets for SYSCO in the last 12 months. Their average twelve-month price target is $65.10, suggesting that the stock has a possible upside of 0.05%. The high price target for SYY is $74.00 and the low price target for SYY is $57.00. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Hold|
|Consensus Rating Score: ||2.55||2.58||2.55||2.46|
|Ratings Breakdown: ||0 Sell Rating(s)|
5 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
7 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$65.10||$64.7273||$64.5556||$56.0909|
|Price Target Upside: ||0.05% upside||3.56% upside||9.64% upside||1.00% downside|
SYSCO (NYSE:SYY) Consensus Price Target History
SYSCO (NYSE:SYY) Analyst Ratings History
(Data available from 5/25/2016 forward)
SYSCO (NYSE:SYY) Dividend Information
SYSCO pays an annual dividend of $1.44 per share, with a dividend yield of 2.21%. SYY's next quarterly dividend payment will be made on Friday, July 27. The company has grown its dividend for the last 47 consecutive years and is increasing its dividend by an average of 14.90% each year. SYSCO pays out 58.06% of its earnings out as a dividend.
|Dividend Growth:||14.90% (3 Year Average)|
|Payout Ratio(s):||58.06% (Trailing 12 Months of Earnings) |
48.32% (Based on This Year's Estimates)
41.38% (Based on Next Year's Estimates)
33.06% (Based on Cash Flow)
|Track Record:||47 Years of Consecutive Dividend Growth|
SYSCO (NYSE:SYY) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
SYSCO (NYSE SYY) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 9.60%
Institutional Ownership Percentage: 80.06%
SYSCO (NYSE SYY) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|5/15/2018||Richard G Tilghman||Director||Sell||5,000||$62.65||$313,250.00||80,864|| |
|5/7/2018||Paul T Moskowitz||Insider||Sell||15,333||$64.00||$981,312.00||58,328|| |
|4/18/2018||Paul T Moskowitz||Insider||Sell||30,667||$62.50||$1,916,687.50||58,329|| |
|4/16/2018||Richard G Tilghman||Director||Sell||5,000||$60.62||$303,100.00||85,864|| |
|3/15/2018||Richard G Tilghman||Director||Sell||5,000||$59.80||$299,000.00||90,552|| |
|3/13/2018||Wayne Shurts||Insider||Sell||15,275||$60.85||$929,483.75||39,635|| |
|3/9/2018||Paul T Moskowitz||Insider||Sell||15,334||$60.69||$930,620.46||58,329|| |
|2/22/2018||Wayne Shurts||EVP||Sell||7,800||$58.98||$460,044.00||55,235|| |
|1/16/2018||William W Goetz||SVP||Sell||11,323||$62.00||$702,026.00||35,825|| |
|1/10/2018||Greg D Bertrand||SVP||Sell||81,038||$60.76||$4,923,868.88||69,721|| |
|1/10/2018||Wayne Shurts||Insider||Sell||15,600||$61.44||$958,464.00||55,235|| |
|1/2/2018||Russell T Libby||Insider||Sell||13,334||$60.69||$809,240.46||64,394|| |
|12/13/2017||Wayne Shurts||EVP||Sell||7,800||$61.76||$481,728.00||55,235|| |
|11/29/2017||Wayne Shurts||Insider||Sell||15,600||$56.66||$883,896.00||56,985|| |
|11/13/2017||William J Delaney III||CEO||Sell||150,000||$54.05||$8,107,500.00||526,725|| |
|10/24/2017||Wayne Shurts||EVP||Sell||7,800||$54.86||$427,908.00||58,776|| |
|10/18/2017||William J Delaney III||CEO||Sell||30,000||$54.71||$1,641,300.00||406,725|| |
|9/29/2017||Paul T Moskowitz||Insider||Sell||16,667||$54.12||$902,018.04||61,936|| |
|9/26/2017||William J Delaney III||CEO||Sell||118,200||$54.06||$6,389,892.00||494,925|| |
|9/25/2017||William J Delaney III||CEO||Sell||281,800||$53.52||$15,081,936.00||458,525|| |
|9/21/2017||William J Delaney III||CEO||Sell||400,000||$54.16||$21,664,000.00||576,725|| |
|9/20/2017||William J Delaney III||CEO||Sell||200,000||$54.24||$10,848,000.00||576,725|| |
|9/19/2017||Trian Fund Management, L.P.||Director||Buy||889,561||$53.68||$47,751,634.48||5,529|| |
|9/19/2017||William J Delaney III||CEO||Sell||400,000||$53.91||$21,564,000.00||576,725|| |
|9/18/2017||William J Delaney III||CEO||Sell||200,000||$53.76||$10,752,000.00||576,725|| |
|9/13/2017||Trian Fund Management, L.P.||Director||Sell||372,314||$53.09||$19,766,150.26||5,529|| |
|9/13/2017||Wayne Shurts||Insider||Sell||15,600||$53.27||$831,012.00||58,776|| |
|9/13/2017||William J Delaney III||CEO||Sell||30,000||$53.16||$1,594,800.00||406,725|| |
|8/24/2017||Wayne Shurts||Insider||Sell||15,600||$51.76||$807,456.00||58,776|| |
|8/23/2017||Wayne Shurts||EVP||Sell||7,800||$51.52||$401,856.00||58,776|| |
|8/23/2017||William J Delaney III||CEO||Sell||30,000||$51.31||$1,539,300.00||406,725|| |
|7/20/2017||Wayne Shurts||Insider||Sell||15,600||$50.87||$793,572.00||58,776|| |
|7/19/2017||Wayne Shurts||EVP||Sell||7,800||$50.82||$396,396.00||58,776|| |
|7/12/2017||William J Delaney III||CEO||Sell||30,000||$49.92||$1,497,600.00||406,725|| |
|6/14/2017||William J Delaney III||CEO||Sell||30,000||$55.55||$1,666,500.00||406,725|| |
|6/13/2017||Wayne Shurts||Insider||Sell||15,600||$55.32||$862,992.00||58,776|| |
|6/12/2017||Wayne Shurts||EVP||Sell||7,800||$55.30||$431,340.00||58,776|| |
|5/25/2017||Wayne Shurts||Insider||Sell||15,600||$54.25||$846,300.00||58,776|| |
|5/17/2017||William J Delaney III||CEO||Sell||30,000||$54.22||$1,626,600.00||406,725|| |
|4/12/2017||William J Delaney III||CEO||Sell||30,000||$51.96||$1,558,800.00||406,725|| |
|4/5/2017||Wayne Shurts||Insider||Sell||15,600||$51.66||$805,896.00||43,176|| |
|3/31/2017||Daniel J Brutto||Director||Buy||2,500||$51.94||$129,850.00||3,968|| |
|1/18/2017||William J Delaney III||CEO||Sell||30,000||$54.96||$1,648,800.00||406,725|| |
|1/17/2017||Russell T Libby||Insider||Sell||22,217||$54.91||$1,219,935.47||80,017|| |
|1/9/2017||Robert S Charlton||Insider||Sell||33,480||$55.67||$1,863,831.60||83,390|| |
|12/5/2016||Russell T Libby||Insider||Sell||1,865||$53.59||$99,945.35||68,549|| |
|11/17/2016||William B Day||Insider||Sell||72,134||$53.01||$3,823,823.34||108,293|| |
|11/15/2016||Greg D Bertrand||SVP||Sell||7,382||$53.50||$394,937.00||38,272|| |
|11/15/2016||Joel T Grade||CFO||Sell||24,128||$53.49||$1,290,606.72||61,563|| |
|11/14/2016||Joel T Grade||CFO||Sell||16,338||$53.49||$873,919.62||61,563|| |
|11/7/2016||Greg D Bertrand||SVP||Sell||16,500||$50.79||$838,035.00||57,491|| |
|11/7/2016||Paul T Moskowitz||Insider||Sell||74,271||$51.40||$3,817,529.40||78,695|| |
|10/14/2016||William J Delaney III||CEO||Sell||20,114||$49.02||$985,988.28||422,507|| |
|10/3/2016||William B Day||Insider||Sell||26,507||$49.00||$1,298,843.00||132,790|| |
|9/15/2016||William J Delaney III||CEO||Sell||20,114||$49.51||$995,844.14||422,507|| |
|8/17/2016||William J Delaney III||CEO||Sell||20,114||$51.92||$1,044,318.88||422,507|| |
|8/11/2016||William B Day||Insider||Sell||20,000||$51.89||$1,037,800.00||106,283|| |
|8/4/2016||William B Day||Insider||Sell||75,000||$51.53||$3,864,750.00||201,283|| |
|7/15/2016||William J Delaney III||CEO||Sell||20,114||$51.96||$1,045,123.44||422,507|| |
|7/13/2016||Joel T Grade||CFO||Sell||16,368||$52.01||$851,299.68||60,031|| |
|7/5/2016||Joel T Grade||CFO||Sell||16,398||$51.00||$836,298.00||59,021|| |
|6/17/2016||Joel T Grade||CFO||Sell||16,428||$49.96||$820,742.88||58,042|| |
|6/15/2016||William B Day||EVP||Sell||114,750||$48.59||$5,575,702.50||241,033|| |
|6/15/2016||William J Delaney III||CEO||Sell||20,114||$48.50||$975,529.00||422,507|| |
|6/13/2016||Jackie M Ward||Director||Buy||6,200||$48.63||$301,506.00||124,118|| |
|6/13/2016||Joel T Grade||CFO||Sell||14,777||$48.72||$719,935.44||55,443|| |
|6/6/2016||Russell T Libby||EVP||Sell||38,538||$48.84||$1,882,195.92||74,216|| |
|6/6/2016||Trian Fund Management, L.P.||Director||Buy||693,000||$48.80||$33,818,400.00||5,276|| |
|5/18/2016||William B Day||EVP||Sell||137,693||$48.87||$6,729,056.91||123,231|| |
|4/15/2016||Hans-Joachim Koerber||Director||Sell||10,000||$46.49||$464,900.00||52,496|| |
|4/15/2016||William J Delaney III||CEO||Sell||20,115||$46.45||$934,341.75||422,508|| |
|2/8/2016||William J. Delaney III||CEO||Sell||16,100||$42.92||$691,012.00||406,472|| |
|2/1/2016||Russell T. Libby||EVP||Sell||4,000||$42.00||$168,000.00||69,582|| |
|1/15/2016||William J. Delaney III||CEO||Sell||16,100||$39.54||$636,594.00||406,472|| |
|12/28/2015||Joel T. Grade||CFO||Sell||43,800||$41.38||$1,812,444.00||40,666|| |
|12/10/2015||Trian Fund Management, L.P.||Director||Buy||613,221||$40.97||$25,123,664.37||4,423|| |
|11/23/2015||William J. Delaney III||CEO||Sell||16,100||$41.09||$661,549.00||406,472|| |
|10/15/2015||William J. Delaney III||CEO||Sell||25,001||$40.66||$1,016,540.66||383,085|| |
|6/23/2014||Michael W Green||EVP||Sell||185,386||$37.51||$6,953,828.86|| |
|9/6/2013||John M Cassaday||Director||Sell||3,500||$32.14||$112,490.00|| |
|9/5/2013||Richard G Tilghman||Director||Sell||3,500||$32.12||$112,420.00|| |
|8/28/2013||Joseph Hafner, Jr.||Director||Sell||9,492||$31.45||$298,523.40||52,514|| |
|8/20/2013||Joseph Hafner, Jr.||Director||Sell||3,500||$32.52||$113,820.00||62,006|| |
|6/13/2013||Larry G Pulliam||EVP||Sell||3,000||$34.46||$103,380.00|| |
|5/28/2013||James D Hope||EVP||Sell||5,000||$35.23||$176,150.00|| |
|5/23/2013||William J Delaney III||CEO||Sell||1,018,799||$34.67||$35,321,761.33|| |
|5/20/2013||Jonathan Golden||Director||Sell||11,500||$35.04||$402,960.00|| |
|5/15/2013||Robert C Kreidler||CFO||Sell||80,697||$35.04||$2,827,622.88|| |
|5/15/2013||William B Day||EVP||Sell||13,528||$35.11||$474,968.08|| |
|5/13/2013||James D Hope||EVP||Sell||42,000||$34.41||$1,445,220.00|| |
|3/12/2013||G Mitchell Elmer||CAO||Sell||27,766||$33.28||$924,052.48|| |
|2/25/2013||Michael W Green||EVP||Sell||184,363||$32.76||$6,039,731.88|| |
|2/25/2013||Paul T Moskowitz||SVP||Sell||26,402||$32.73||$864,137.46|| |
|2/22/2013||Russell T Libby||VP||Sell||27,497||$32.73||$899,976.81|| |
|2/22/2013||William B Day||EVP||Sell||156,772||$32.75||$5,134,283.00|| |
SYSCO (NYSE SYY) News Headlines
SYSCO (NYSE:SYY) SEC Filings
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SYSCO (NYSE:SYY) Income Statement, Balance Sheet and Cash Flow Statement
SYSCO (NYSE SYY) Stock Chart for Friday, May, 25, 2018