SyscoSYY
Market Cap: $38.6B
About: Sysco is the largest US foodservice distributor with 17% share of the highly fragmented $370 billion domestic market. It distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2024 revenue), education and government buildings (7%), travel and leisure (6%), healthcare facilities (7%), and other locations (18%) where individuals consume away-from-home meals. In fiscal 2024, 70% of the firm's revenue was derived from its US foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments contributed the rest.
Employees: 76,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
70% more call options, than puts
Call options by funds: $156M | Put options by funds: $91.4M
0.69% more ownership
Funds ownership: 82.96% [Q1] → 83.65% (+0.69%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 512 | Existing positions reduced: 561
4% less funds holding
Funds holding: 1,449 [Q1] → 1,398 (-51) [Q2]
11% less capital invested
Capital invested by funds: $33.5B [Q1] → $29.7B (-$3.78B) [Q2]
33% less first-time investments, than exits
New positions opened: 104 | Existing positions closed: 155
41% less funds holding in top 10
Funds holding in top 10: 17 [Q1] → 10 (-7) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barclays Jeffrey Bernstein 51% 1-year accuracy 29 / 57 met price target | 12%upside $88 | Overweight Maintained | 31 Jul 2024 |
B of A Securities Kendall Toscano 100% 1-year accuracy 1 / 1 met price target | 11%upside $87 | Buy Maintained | 18 Jul 2024 |
Morgan Stanley John Glass 60% 1-year accuracy 6 / 10 met price target | 3%upside $81 | Equal-Weight Maintained | 16 Jul 2024 |
Truist Securities Jake Bartlett 45% 1-year accuracy 30 / 67 met price target | 8%upside $85 | Buy Maintained | 24 Jun 2024 |
Financial journalist opinion
Based on 14 articles about SYY published over the past 30 days