Sysco
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
0
Funds holding %
of 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
71% more call options, than puts
Call options by funds: $210M | Put options by funds: $123M
46% more first-time investments, than exits
New positions opened: 155 | Existing positions closed: 106
20% more funds holding in top 10
Funds holding in top 10: 10 [Q2] → 12 (+2) [Q3]
6% more capital invested
Capital invested by funds: $30.8B [Q2] → $32.7B (+$1.88B) [Q3]
3% more funds holding
Funds holding: 1,411 [Q2] → 1,460 (+49) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 519 | Existing positions reduced: 557
1.48% less ownership
Funds ownership: 86.73% [Q2] → 85.25% (-1.48%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$82
8%
upside
Avg. target
$89
17%
upside
High target
$95
25%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Jefferies Adam Samuelson 43% 1-year accuracy 6 / 14 met price target | 25%upside $95 | Buy Maintained | 16 Dec 2024 |
Wells Fargo Edward Kelly 58% 1-year accuracy 19 / 33 met price target | 8%upside $82 | Overweight Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 3 articles about SYY published over the past 30 days
Positive
PYMNTS
1 week ago
Square Teams With Sysco to Bolster Restaurant Technology
Square has launched a partnership with foodservice distributor Sysco to provide restaurants with better technology. The collaboration, announced Wednesday (Dec. 18), makes Square a Sysco “Restaurant Solutions partner,” meaning that its technology suite will be promoted, co-marketed and sold to Sysco's customers.
Neutral
Business Wire
1 week ago
Square Teams up with Sysco, Delivers New Features to Save Restaurants Time and Smooth Cash Flow
OAKLAND, Calif.--(BUSINESS WIRE)--Today, Square announced a new partnership with Sysco, a leading global foodservice distributor, along with a number of new features to help food and beverage sellers run their businesses with ease. With new strategic partnership, Square and Sysco bring better technology to more restaurants For more than a decade, Square has delivered innovative products to help food and beverage operators streamline operations and grow their businesses. Now, in partnership with.
Neutral
Seeking Alpha
3 weeks ago
Sysco Corporation (SYY) Presents at Morgan Stanley Global Consumer and Retail Conference - Company Call Transcript
Sysco Corporation (NYSE:SYY ) Company Conference Call December 3, 2024 8:00 AM ET Company Participants Kenny Cheung - Chief Financial Officer Kevin Kim - Vice President, Investor Relations Conference Call Participants Brian Harbour - Morgan Stanley Brian Harbour Morning guys, thanks for joining us right at 8:00 am here. I'm Brian Harbour, I cover the food distributors and the restaurant space at Morgan Stanley.
Positive
Zacks Investment Research
1 month ago
Why Is Sysco (SYY) Up 3.2% Since Last Earnings Report?
Sysco (SYY) reported earnings 30 days ago. What's next for the stock?
Positive
Forbes
1 month ago
Sysco A Top Socially Responsible Dividend Stock With 2.7% Yield
Sysco has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.7% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficiency in terms of its use of energy and resources.
Neutral
GlobeNewsWire
1 month ago
Sysco Declares Quarterly Dividend Payment
HOUSTON, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.51 per share, payable on Jan. 24, 2025, to common stockholders of record at the close of business on Jan. 3, 2025.
Neutral
GlobeNewsWire
1 month ago
Sysco Metro New York Donates 2,500 Turkeys to Feed Those in Need This Thanksgiving
NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the world's largest food distributor, presented a check for $10,000 to City Harvest, New York's first and largest food rescue organization, to support the community where Sysco operates. Sysco's donation is part of the company's signature Nourishing Neighbors ® program where a portion of the proceeds from each Sysco branded case sold in local communities is donated back to charitable organizations in those communities.
Neutral
GlobeNewsWire
1 month ago
Sysco Las Vegas Donates 2,500 Turkeys to Feed Those in Need This Thanksgiving
The company also donated $10,000 to Three Square Food Bank and packed food boxes to ensure everyone has access to meals this holiday season The company also donated $10,000 to Three Square Food Bank and packed food boxes to ensure everyone has access to meals this holiday season
Neutral
GlobeNewsWire
1 month ago
Sysco Houston Donates 2,500 Turkeys to Feed Local Houstonians in Need This Holiday Season
HOUSTON, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the world's largest food distributor, presented a check for $10,000 to the Houston Food Bank to support the local community where Sysco operates and is headquartered. This is an important time of year for food banks and pantries as they gear up to feed those in need this holiday season.
Neutral
GlobeNewsWire
1 month ago
Sysco Chicago Donates $10,000 and 2,500 Turkeys to the Northern Illinois Food Bank for Holidays
Sysco colleagues will distribute turkeys at community events during the company's annual Purpose Month Sysco colleagues will distribute turkeys at community events during the company's annual Purpose Month
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