Sysco (SYY)

• Market cap: $35.1B
• 1 day: 1.49%
• 5 days: 2.59%
• 1 month: -4.00%
• 3 months: -1.82%
• 6 months: -4.83%
• Year to date: -5.24%
• 1 year: -4.90%
• 5 years: 42.60%
• 10 years: 92.18%
• Sector: Consumer Staples
• Industry: Food Distribution

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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

94% more first-time investments, than exits

New positions opened: 173 | Existing positions closed: 89

52% more call options, than puts

Call options by funds: $246M | Put options by funds: $162M

8% more funds holding in top 10

Funds holding in top 10: 12 [Q3] → 13 (+1) [Q4]

4% more funds holding

Funds holding: 1,464 [Q3] → 1,523 (+59) [Q4]

2.48% more ownership

Funds ownership: 84.59% [Q3] → 87.07% (+2.48%) [Q4]

2% more capital invested

Capital invested by funds: $32.4B [Q3] → $33.1B (+$642M) [Q4]

2% less repeat investments, than reductions

Existing positions increased: 549 | Existing positions reduced: 563

Research analyst outlook

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

• Low target: $77 7% upside
• Avg. target: $84 16% upside
• High target: $87 21% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

Wells Fargo Edward Kelly 56% 1-year accuracy 19 / 34 met price target	21% upside $87	Overweight Maintained	26 Feb 2025
JP Morgan John Ivankoe 69% 1-year accuracy 20 / 29 met price target	14% upside $82	Overweight Maintained	4 Feb 2025
Morgan Stanley John Glass 42% 1-year accuracy 13 / 31 met price target	7% upside $77	Equal-Weight Maintained	29 Jan 2025
Guggenheim John Heinbockel 37% 1-year accuracy 7 / 19 met price target	18% upside $85	Buy Reiterated	29 Jan 2025
UBS Mark Carden 40% 1-year accuracy 4 / 10 met price target	20% upside $86	Buy Maintained	29 Jan 2025