Sysco (SYY) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $76.23 to $77.13
• 50-Day Range: $73.63 to $78.06
• 52-Week Range: $69.03 to $82.89
• Volume: 1.53 million shs
• Average Volume: 3.13 million shs
• Market Capitalization: $37.88 billion
• P/E Ratio: 19.82
• Dividend Yield: 2.65%
• Price Target: $85.77
• Consensus Rating: Moderate Buy

Sysco Stock Analysis - MarketRank™

Sysco scored higher than 97% of companies evaluated by MarketBeat, and ranked 4th out of 144 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Sysco has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 11 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Sysco has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.10%

Earnings Growth

Earnings for Sysco are expected to grow by 8.10% in the coming year, from $4.57 to $4.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sysco is 19.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sysco is 19.74, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 20.01.

Price to Earnings Growth Ratio

Sysco has a PEG Ratio of 2.01. 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 17.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sysco has recently decreased by 9.72%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Sysco pays a meaningful dividend of 2.66%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Sysco does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Sysco is 52.44%. 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 41.30% next year. This indicates that Sysco will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -2.02

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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sysco has recently decreased by 9.72%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.49

News Sentiment

Sysco has a news sentiment score of 1.49. 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 higher news sentiment than the 0.81 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Sysco this week, compared to 11 articles on an average week.

Search Interest

Only 19 people have searched for SYY on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Sysco to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Sysco insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $519,531.00 in company stock.

Percentage Held by Insiders

Only 0.54% of the stock of Sysco is held by insiders.

Percentage Held by Institutions

83.41% of the stock of Sysco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SYY Stock Analysis - Frequently Asked Questions

How have SYY shares performed this year?

Sysco's stock was trading at $73.13 on January 1st, 2024. Since then, SYY stock has increased by 5.0% and is now trading at $76.79.
View the best growth stocks for 2024 here.

How were Sysco's earnings last quarter?

Sysco Co. (NYSE:SYY) announced its earnings results on Tuesday, October, 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by $0.04. Sysco's revenue for the quarter was up 4.4% compared to the same quarter last year.
Read the conference call transcript.

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?

Top institutional shareholders of Sysco include State Street Corp (5.56%), Geode Capital Management LLC (2.37%), Parnassus Investments LLC (1.71%) and FMR LLC (1.53%). Insiders that own company stock include Kevin Hourican, Eve M Mcfadden, Greg D Bertrand, Neil Russell, Aaron E Alt, Sheila Talton, James Chris Jasper 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 NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Exxon Mobil (XOM), Broadcom (AVGO), AbbVie (ABBV) and Pfizer (PFE).

Company Calendar

• Ex-Dividend for 10/25 Dividend: 10/04/2024
• Dividend Payable: 10/25/2024
• Last Earnings: 10/29/2024
• Today: 11/29/2024
• Ex-Dividend for 1/24 Dividend: 1/03/2025
• Dividend Payable: 1/24/2025
• Next Earnings (Estimated): 2/04/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Groceries & related products
• Sub-Industry: Food Distributors
• Current Symbol: NYSE:SYY
• CUSIP: 87182910
• CIK: 96021
• Web: www.sysco.com
• Phone: (281) 584-1390
• Fax: 281-584-1390
• Employees: 76,000
• Year Founded: 1969

Price Target and Rating

• Average Stock Price Target: $85.77
• High Stock Price Target: $92.00
• Low Stock Price Target: $79.00
• Potential Upside/Downside: +11.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.85
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.89
• Trailing P/E Ratio: 19.76
• Forward P/E Ratio: 16.82
• P/E Growth: 2.01
• Net Income: $1.96 billion
• Net Margins: 2.44%
• Pretax Margin: 3.19%
• Return on Equity: 101.04%
• Return on Assets: 8.64%

Debt

• Debt-to-Equity Ratio: 5.38
• Current Ratio: 1.26
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $78.84 billion
• Price / Sales: 0.48
• Cash Flow: $6.41 per share
• Price / Cash Flow: 11.99
• Book Value: $4.49 per share
• Price / Book: 17.12

Miscellaneous

• Outstanding Shares: 491,230,000
• Free Float: 488,573,000
• Market Cap: $37.76 billion
• Optionable: Optionable
• Beta: 1.20