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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
78% more first-time investments, than exits
New positions opened: 155 | Existing positions closed: 87
71% more call options, than puts
Call options by funds: $210M | Put options by funds: $123M
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
12%
upside
Avg. target
$89
21%
upside
High target
$95
30%
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 | 30%upside $95 | Buy Maintained | 16 Dec 2024 |
Wells Fargo Edward Kelly 58% 1-year accuracy 19 / 33 met price target | 12%upside $82 | Overweight Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 7 articles about SYY published over the past 30 days
Neutral
Newsfile Corp
3 days ago
Happy Belly Food Group Signs National Distributional Agreement with Sysco
Toronto, Ontario--(Newsfile Corp. - January 17, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce that it has secured a national food distribution agreement with Sysco (NYSE: SYY), the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. The agreement allows for all brands in the Happy Belly portfolio to participate in the program.
Positive
Seeking Alpha
5 days ago
Buy 3 'Safer' Dividend Kings Of 25 From 53 For January
“A Dividend King [is] a stock with 50 or more consecutive years of dividend increases.”—suredividend.com. 53 Divided Kings, screened as of January 10, 2025, represented all eleven Morningstar Sectors. Broker-estimated top-ten net-gains ranged 22.84%-62.53% topped-by SJW & SCL. By yield, MO topped all the Kings. Top-ten Yields from KVUE, SWK, UBSI, FTS, FRT, BKH, NWN, CDUAF, UVV, & MO, averaged 5.04%.
Neutral
Benzinga
6 days ago
Starbucks Shines, QSR Faces Challenges: BofA's 2025 Restaurant Outlook
BofA Securities analysts Sara Senatore and Katherine Griffin expressed their views on the restaurant industry for the year ahead 2025.
Neutral
GlobeNewsWire
1 week ago
Sysco Offers Houston Colleagues Unprecedented Wage Increases, Improved Benefits and More Time Off, Teamsters' Strike Call Harms Our Colleagues
Teamsters have not been serious about reaching an agreement, Sysco calls on union to reach an agreement to avoid strikes that harm colleagues and the community Teamsters have not been serious about reaching an agreement, Sysco calls on union to reach an agreement to avoid strikes that harm colleagues and the community
Positive
Zacks Investment Research
1 week ago
SYY's Foodservice Channel & Operational Excellence Power Bring Success
Sysco is driven by focus a on operational excellence, strategic acquisitions and leadership in the Food-Away-From-Home sector.
Positive
Zacks Investment Research
2 weeks ago
Sysco's Operational Strategies Help Overcome Industry Slowdowns
SYY is enhancing operational efficiency and expanding via acquisitions, despite declining restaurant traffic and inflationary pressures.
Positive
Seeking Alpha
3 weeks ago
Sysco Corporation: Eating Up The Competition, Serving Up Value
Sysco, a Dividend King, is trading at historically low multiples, offering consistent growth, strong market leadership, and a robust competitive moat. The company is expanding market share, improving productivity, and benefiting from international growth, with significant operating leverage and disciplined cost management. Despite restaurant industry headwinds, Sysco's diverse customer base and strategic acquisitions support resilient growth and attractive shareholder returns.
Positive
PYMNTS
1 month 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 month 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
1 month 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.
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