Sysco (SYY)

• Market cap: $35.8B
• 1 day: 2.81%
• 5 days: 2.05%
• 1 month: -0.37%
• 3 months: -2.48%
• 6 months: -5.07%
• Year to date: -3.29%
• 1 year: -8.11%
• 5 years: -4.96%
• 10 years: 84.90%
• Sector: Consumer Staples
• Industry: Groceries & Related Products

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 filings by fund managers ($100M+ AUM)

76% more first-time investments, than exits

New positions opened: 155 | Existing positions closed: 88

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]

1.25% more ownership

Funds ownership: 85.26% [Q3] → 86.51% (+1.25%) [Q4]

1% more funds holding

Funds holding: 1,463 [Q3] → 1,474 (+11) [Q4]

1% more capital invested

Capital invested by funds: $32.7B [Q3] → $32.9B (+$172M) [Q4]

3% less repeat investments, than reductions

Existing positions increased: 533 | Existing positions reduced: 551

Research analyst outlook

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

• Low target: $77 5% upside
• Avg. target: $85 16% upside
• High target: $95 30% upside

7 analyst ratings

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

JP Morgan John Ivankoe 64% 1-year accuracy 21 / 33 met price target	12% upside $82	Overweight Maintained	4 Feb 2025
Morgan Stanley John Glass 32% 1-year accuracy 10 / 31 met price target	5% upside $77	Equal-Weight Maintained	29 Jan 2025
Guggenheim John Heinbockel 64% 1-year accuracy 9 / 14 met price target	16% upside $85	Buy Reiterated	29 Jan 2025
UBS Mark Carden 70% 1-year accuracy 7 / 10 met price target	17% upside $86	Buy Maintained	29 Jan 2025
Truist Securities Jake Bartlett 46% 1-year accuracy 32 / 69 met price target	13% upside $83	Buy Maintained	29 Jan 2025