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 Friday, July 28th. Investors of record on Friday, October 6th will be paid a dividend of $0.33 per share on Friday, October 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, October 5th. View Sysco Corporation's Dividend History.

Sysco Corporation (NYSE:SYY) posted its earnings results on Monday, August, 14th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.71 by $0.01. The company earned $14.40 billion during the quarter, compared to analysts' expectations of $14.35 billion. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. Sysco Corporation's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. 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 brokerages have issued 12 month price targets for Sysco Corporation's stock. Their predictions range from $50.00 to $61.00. On average, they expect Sysco Corporation's share 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 reported fourth-quarter fiscal 2017 results, wherein both earnings and revenues exceeded expectations. Moreover, Sysco’s shares have been outperforming the industry over the last one year. Earnings rose 12.5% in the quarter. Growth in sales, expense management, and improved gross and operating margin led to the upside. The acquisition of London-based Brakes Group led to an increase of 5.7% of sales on a year-over-year basis. We note that 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, stiff competition remains a concern." (8/16/2017)
• 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)

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), Boulder Brands (BDBD), Boulder Brands (SMBL), DAVIDsTEA (DTEA) 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 a number of of retail and institutional investors. Top institutional investors include Trian Fund Management L.P. (8.22%), Vanguard Group Inc. (7.19%), BlackRock Inc. (6.03%), State Street Corp (4.99%), Capital World Investors (2.57%) and Yacktman Asset Management LP (2.05%). 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 Renaissance Technologies LLC, Bank of New York Mellon Corp, State of Tennessee Treasury Department, AJO LP, Acadian Asset Management LLC, NN Investment Partners Holdings N.V., Lazard Asset Management LLC and Russell Investments Group Ltd.. 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 purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, American Century Companies Inc., Capital World Investors, Nordea Investment Management AB, PNC Financial Services Group Inc., Parametric Portfolio Associates LLC, Vanguard Group Inc. and PGGM Investments. 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 $53.92.