Sysco
SYY

$78.58

0.51%

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

Consumer Staples Groceries & Related Products

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 4 analysts

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]

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$81

3%

upside

Avg. target

$85

8%

upside

High target

$88

12%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Based on 14 articles about SYY published over the past 30 days

Canada's Largest Food Distributor Adds Electric Tractors to Fleet in Victoria, British Columbia

This is a part of Sysco Corporation's larger sustainability commitment which aims to reduce scope 1 and 2 emissions by 27.5% by 2030 This is a part of Sysco Corporation's larger sustainability commitment which aims to reduce scope 1 and 2 emissions by 27.5% by 2030

Canada's Largest Food Distributor Adds Electric Tractors to Fleet in Victoria, British Columbia

Sysco Corporation (SYY) Barclays 17th Annual Global Consumer Staples Conference (Transcript)

Sysco Corporation (NYSE:SYY ) Barclays 17th Annual Global Consumer Staples Conference September 4, 2024 1:30 PM ET Company Participants Kevin Hourican - Chairman, President and CEO Kenny Cheung - CFO Conference Call Participants Jeffrey Bernstein - Barclays Jeffrey Bernstein Good afternoon, everyone. Thank you for joining us.

Sysco Corporation (SYY) Barclays 17th Annual Global Consumer Staples Conference (Transcript)

Zacks Investment Research

Here's Why Sysco (SYY) is a Strong Value Stock

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Here's Why Sysco (SYY) is a Strong Value Stock

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10 Dividend Aristocrat Bargains Too Good To Miss

3 Fortune 500 Industry Leaders Boast Ideal August Dividends

The June/July 2024 edition of Fortune revealed the 500 biggest U.S. companies by revenue and profits. Dogcatcher's quest to sniff-out the best dividend-buys focused on 66 industry-leaders (IL) using YCharts 8.28.24-data. Those 66 industry-leaders were segmented-into 21 business-sectors, ranging (alphabetically) from apparel to wholesalers. 3 of-the 66 were private or foreign exchange listed-firms, not tracked by YCharts, leaving 63-listed. 57 dividend-yielding stocks led those 63 industry-leaders and ranged 0.04% to 7.87% in annual-yield and ranged -10.41% to 51.96% in broker-estimated one-year target-price-upsides.

3 Fortune 500 Industry Leaders Boast Ideal August Dividends

Twenty-Three Sysco Delivery Partners Inducted Into the 2024 International Foodservice Distribution Truck Driver Hall of Fame

HOUSTON, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the world's largest food distributor, announced that the International Foodservice Distribution Association (IFDA) named 23 of Sysco's Delivery Partners to its prestigious 2024 Truck Driver Hall of Fame.

Twenty-Three Sysco Delivery Partners Inducted Into the 2024 International Foodservice Distribution Truck Driver Hall of Fame

Sysco Leading the Industry in FSMA Food Traceability Compliance

HOUSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the world's largest food distributor, today announced its comprehensive plan to support the Food Traceability Rule, issued by the U.S. Food and Drug Administration (FDA) under the Food Safety Modernization Act (FSMA). The new Food Traceability Rule mandates establishing a traceability recordkeeping system for certain foods to facilitate faster identification and rapid removal of potentially harmful products from the market.

Sysco Leading the Industry in FSMA Food Traceability Compliance

Sysco to Webcast Presentation at: Barclays 17th Annual Global Consumer Staples Conference and Wells Fargo 7th Annual Consumer Conference

HOUSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Company will webcast its presentation from the Barclays 17th Annual Global Consumer Staples Conference on Wednesday, Sept. 4, at 1:30 p.m. ET. Additionally, the Company will also webcast its presentation at the Wells Fargo 7th Annual Consumer Conference on Wednesday, Sept. 18, at 8:00 a.m. PST.

Sysco to Webcast Presentation at: Barclays 17th Annual Global Consumer Staples Conference and Wells Fargo 7th Annual Consumer Conference

10 Dividend Aristocrat Bargain Buys You Don't Want To Miss

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10 Dividend Aristocrat Bargain Buys You Don't Want To Miss

Sysco Announces New Director to Board

HOUSTON, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the world's largest food distributor, announced today that Roberto Marques will join Sysco's Board of Directors effective August 15, 2024.

Sysco Announces New Director to Board

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