SYY - Sysco Corporation
71.88 0.00 (0.00%)
After hours: 5:21PM EDT
| Previous Close | 71.75 |
| Open | 71.78 |
| Bid | 71.83 x 1400 |
| Ask | 71.84 x 1000 |
| Day's Range | 71.11 - 71.98 |
| 52 Week Range | 59.44 - 75.98 |
| Volume | 1,590,592 |
| Avg. Volume | 2,317,880 |
| Market Cap | 36.945B |
| Beta (3Y Monthly) | 0.68 |
| PE Ratio (TTM) | 23.79 |
| EPS (TTM) | 3.02 |
| Earnings Date | Aug 12, 2019 |
| Forward Dividend & Yield | 1.56 (2.17%) |
| Ex-Dividend Date | 2019-07-03 |
| 1y Target Est | 74.40 |
- InvestorPlace•3 days ago
7 Best Stocks to Buy That Make a Student’s Life Easier
Google the words "back to school," and you get about 11.8 billion results. Going back to school is a ritual almost as old as man. Every year, come August, parents struggle to get their kids ready for the year ahead. Whether you're the most organized person in the world or the least, getting the kids prepped, no matter how old they are, isn't easy. However, if you're expecting an article about some of the ways to make your life easier, you've come to the wrong place. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis article is about the best stocks to buy to make the student's life easier. In some manner, all seven of these stocks participate in the daily lives of students. Some more than others, but they all have a role to play in a student's academic career. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Buy these seven and you might just pay for part of your child's education down the road. Best Stocks for Students: Starbucks (SBUX)Source: Shutterstock Ever since Starbucks (NASDAQ:SBUX) first introduced free WiFi in their cafes in 2011, you can go into a location at any time of day and see students typing away at their keyboards. If the location is near a university, you can expect it to be rammed with students. Even though there are frugal individuals who take advantage of the freebie by staying for hours on end, while buying nothing but the original coffee they purchased upon entering the store -- Starbucks wouldn't continue to provide free WiFi if it didn't get an absolute return from the cost of providing it. Sure, most Starbucks are staffed with friendly people, but the name of the game is profits; Starbucks likely takes the WiFi usage data in combination with its Starbucks Rewards data to deliver the ultimate profitability for shareholders and the company. It's hard to imagine what coffee shops would be like today if big chains like Starbucks didn't roll out free WiFi. Students might have to enjoy the coffee and talk to friends. Sysco (SYY)There are two things that students, especially those in college, do without fail: Get together with friends to chat about their life and eat. If they're like me, they eat a lot. That's where Sysco (NYSE:SYY) comes in. Sysco is the world's leading food service distributor delivering food products to facilities all over the world. Sysco generates approximately 8% of its revenue from education and government. While restaurants are by far the biggest revenue-generator accounting for 62% of sales, you can be sure that the exact number for education, if you include restaurants operating near or independent of schools, is much higher. Currently, Sysco is in the middle of several cost-saving initiatives intended to increase efficiencies while sending more to the bottom line. Included in the efforts is the company's rationalization of its Canadian operations to service its many regions more efficiently. It makes sense to me. American companies often don't get Canada right. In the third quarter ended March 30, Sysco increased revenues by 2.2% year over year to $14.7 billion generating operating income of $529.6 million, 9.8% higher than a year earlier, a sign its cost-saving initiatives are gaining traction. * 7 Dependable Dividend Stocks to Buy Yielding about 2%, as long as people keep eating, SYY stock will continue to provide good shareholder returns. American Campus Communities (ACC)Student housing is much like the food service industry. As long as kids are going to school away from home and need somewhere to live, companies like American Campus Communities (NYSE:ACC) will continue to make lots of money for shareholders. Up 18.5% year to date, ACC has had a spotty performance in recent years compared to the rest of its peers in the residential REIT industry.However, long-term, I believe that the changes happening in student housing will be very beneficial to American Campus Communities, which is the only pure-play publicly traded REIT that focuses on this area of real estate. Same-store rents continue to grow -- 58 consecutive quarters -- with an occupancy rate of 97.5%, well above the average for the entire U.S. market for apartment buildings. Focusing on universities where the housing stock is outdated, I expect ACC will continue to flourish in academia. Navient (NAVI)I must admit the subject of student loans is one that has me continually flipping from one side of the argument to the other. There is no question that post-secondary education is valuable, but I'm skeptical it's so valuable that you should go $100,000 into debt to get that education. That being said, if people are going to borrow to go to college, companies like Navient (NASDAQ:NAVI) have a right to make money off servicing these loans. What they don't have the right to do is harass borrowers. Ultimately, if Navient is abusing borrowers through the use of robocalls and other aggressive tactics to recover funds, the federal and state governments should take them to task over these moves. In defense of Navient, it uses telephone calls to connect with borrowers to arrange alternative repayment schedules, so these people don't default on their loans. * 10 Stocks to Sell for an Economic Slowdown I wouldn't recommend NAVI if you're looking for investments completely free of bad PR. However, it continues to grow its quarterly profits by double digits -- Q1 2019 EPS of $0.55, 38% higher than a year earlier -- making it an attractive investment for hedge funds and other institutional investors. Graham Holdings (GHC)It's been almost six years since the Washington Post and some of its other assets were sold to Jeff Bezos, the CEO of Amazon (NASDAQ:AMZN). At the time, the remaining assets were renamed Graham Holdings (NYSE:GHC). One of those remaining assets was Kaplan. Broken into four segments: Higher Education, Professional, Test Prep, and International, the company's educational segment generated 54% of its overall revenue in Q1 2019 and a significant amount of its operating income. Together with its television broadcasting assets, Graham Holdings goes as these two divisions go. Of Kaplan's four segments, its international unit is by far the most successful. In the first quarter, it earned $24.3 million from its operations on $185.8 million in revenue. The company's second most profitable segment is its professional unit with $11.3 million in operating profits from $41.2 million in revenue, an impressive operating margin of 27.4%, almost double its international business. There is no question, however, that the international business is where most of the assets in the business lie. In the first quarter, Kaplan International had $1.3 billion in identifiable assets. That's 25% of its overall assets. Kaplan could someday find itself trading as an independent, publicly-traded company. Selling at or near an all-time high, the spinoff could come sooner rather than later. Chegg (CHGG)Chegg (NYSE:CHGG) got its start in 2007 renting physical textbooks to college students across America. Now it's a complete direct-to-student learning platform of services to help students succeed leading up to, during, and after college. It began phasing out its physical rentals of textbooks in 2015. Today, Chegg is focusing on growing its digital subscription business, referred to as Chegg Services, which generated 77% of its Q1 2019 revenue of $97.4 million, up from 73% a year earlier. The legacy rental and sale of printed textbooks is referred to as Required Materials, and it accounted for the remaining 23% of its quarterly revenue. In Q1 2019, Chegg Services' revenues grew 34% year over year compared to 7% growth for Required Services. While Chegg doesn't break down how profitable each business is, I can guarantee the Chegg Services segment hands down has higher margins. In Q1 2019 in its entirety, Chegg lost $4.3 million, 65% higher than a year earlier. Don't let that scare you off. "Demand for this platform will only grow over time. Chegg is becoming a necessary learning companion for millions of high school and college students as they spend increasingly time in the digital space," wrote InvestorPlace's Luke Lango recently. Luke's on the money. * 7 Retail Stocks to Buy That Are Down in 2019 Chegg might not be profitable just yet, but it will be. Buy in now while its shares are still affordable. Square (SQ)Source: Shutterstock A recent story in The Philadelphia Enquirer highlighted the reason why Square (NYSE:SQ) is growing its Cash App by leaps and bounds after struggling to gain traction when it first launched the app in 2013. Of course, back in 2013, people weren't into fintech like they are now. The author asked a university business student to find out how millennial's pay each other and exchange money. "Young people use payment apps -- or applications on their smartphones -- to pay each other," wrote Erin Arvedlund. "The most popular apps are Venmo, owned by PayPal; Cash App, owned by Square; and payment apps linked to Snapchat or the smartphone itself, such as ApplePay and SamsungPay. The applications let you link your bank accounts -- a checking account or credit card -- to pay someone, and payments aren't always cheap."The date of this article was February 2018. That's right. Seventeen months ago. You can bet usage has increased since then. PayPal (NASDAQ:PYPL) owns Venmo. It's the leader in person-person payment apps with 40 million active users. Square, however, is coming on. It had 15 million active users at the end of 2018, double the number a year earlier. What's exciting about Cash App, is that the average user makes less than $50,000 a year, a demographic that is often under-banked or un-banked, putting Square in the perfect position to win over many of the estimated 50 million in the U.S. that don't have a bank account. Get students while they're young and move them into your business services once they graduate and want to start their own businesses. Of all the student-related stocks, Square probably has the most potential to be huge over the next 5-10 years. I like it a lot. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 7 Best Stocks to Buy That Make a Studentas Life Easier appeared first on InvestorPlace.
- InvestorPlace•10 days ago
3 Big Stock Charts for Tuesday: Eli Lilly, SYSCO and Interpublic Group
Last week's bullishness didn't survive the weekend. The S&P 500 fell 0.48% on Monday, as the weight and scope of the gains since late May started to register with investors.Source: Allan Ajifo via Wikimedia (Modified)General Electric (NYSE:GE) took the biggest toll on the broad market, losing nearly 3% of its value, while Chesapeake Energy (NYSE:CHK) tumbled more than 2% to extend weakness that has pulled the stock closer to new multi-month lows.At the other end of the spectrum, Overstock.com (NASDAQ:OSTK) jumped more than 13% after KeyBanc analyst Josh Beck said it was capable of competing with Amazon (NASDAQ:AMZN). He already rated OSTK at "Overweight," but raised his target to $350 per share.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2019: A Volatile First Half Headed into Tuesday's trading, it's the stock charts of Interpublic Group of Companies (NYSE:IPG), Eli Lilly (NYSE:LLY) and SYSCO Corporation (NYSE:SYY) that merit the closest looks. This trio of names is knocking on the door of major moves. Eli Lilly (LLY)Eli Lilly has been sliding lower since peaking in March, breaking below the pivotal 200-day moving average line in early June. For a short while after that, it looked as if the bulls might have drawn a line in the sand. And, they may well have.As of Monday's close though, a that major line in the sand that's acting as support is under some serious pressure. Worse, it's being tested as a floor again after bumping into resistance at the one place it couldn't afford to hit resistance. Click to Enlarge * The ceiling in question is the 50-day moving average line, plotted in purple. Eli Lilly shares tried twice to crawl back above it since June (highlighted), failing both times. * The recent support at $110.73, marked with a dashed yellow line on the daily chart is even more significant than it seems. As the weekly chart shows, that's where the 38.2% Fibonacci retracement line lies. * Should that floor fail to keep the stock propped up, there's a minor floor just under $105, plotted with a red dashed line, though the next Fibonacci retracement line at $97 is also worth watching. SYSCO Corporation (SYY)Each and every stock has its own trading personality. That is to say, it exhibits tendencies in a way that no other name does. SYSCO is no exception to that norm. Its personality is one that uses, for better and worse, moving average lines as support and resistance levels. When it can cross one, a major move tends to take shape.The interplay of SYY over the course of the past several weeks has set up a potential breakout thrust. But, right on cue -- so far -- SYSCO has once again bumped into resistance at a key line. If it can be broken, there's a great deal of upside to traverse. * 7 Simple Ways for Young Investors to Invest Their First $1,000 Click to Enlarge * The line in question is the purple 50-day moving average, with the recent encounter highlighted along with other instances of support or resistance. * Zooming out to the weekly chart we can see the rebound since late last year is an upswing within in even longer-term rising trading range that extends back to 2015. * It's modest thus far, but a glance back at the past several weeks shows more bullish volume than bearish volume, even if erratic. Interpublic Group of Companies (IPG)Interpublic Group of Companies shares haven't made any net progress since late 2015. But, the past year and a half has been constructive … in a sense. The stock has been squeezed toward the tip of a converging wedge pattern, and though there's a little more room left to move deeper into that point, the bulls are taking another shot at punching through the upper boundary of the wedge shape. Click to Enlarge * The wedge pattern is framed by blue lines on both stock charts. Monday's close has left Interpublic Group shares right at the upper line. * Also note on the weekly chart that even though the stock has only moved sideways (if not lower) for months, the rising accumulation-distribution line says there are more buyers than sellers. * If the budding rally effort takes hold, there's another ceiling just under $26, where IPG topped several times in 2017 and early 2018.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post 3 Big Stock Charts for Tuesday: Eli Lilly, SYSCO and Interpublic Group appeared first on InvestorPlace.
- Markit•10 days ago
See what the IHS Markit Score report has to say about Sysco Corp.
Sysco Corp NYSE:SYYView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for SYY with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $7.78 billion over the last one-month into ETFs that hold SYY are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. SYY credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- TheStreet.com•10 days ago
This Dividend Aristocrat Rules the Restaurant Food Chain
If you've wondered how the food you eat at a restaurant gets there, this company is one of the answers.
- Zacks•18 days ago
Sysco Gains on Strength in Foodservice Unit & Growth Plans
Sysco's (SYY) U.S. Foodservice unit is performing well. Moreover, acquisitions and costs-savings are yielding positively.
- Simply Wall St.•last month
Calculating The Fair Value Of Sysco Corporation (NYSE:SYY)
How far off is Sysco Corporation (NYSE:SYY) from its intrinsic value? Using the most recent financial data, we'll take...
- Moody's•last month
Sysco Canada, Inc. -- Moody's announces completion of a periodic review of ratings of Sysco Corporation
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sysco Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- GlobeNewswire•last month
Sysco Raleigh To Host Ribbon Cutting Ceremony at Newly Expanded Facility
Sysco Corporation (SYY), the leading global foodservice distribution company, announced today it will host a ribbon cutting ceremony for state and local officials, associates and other members of the community at its newly expanded facility on June 21, at 1:30 p.m. ET. “We are excited about the expansion of our facility in Selma and the continued growth of our business and look forward to continuing to serve our customers with the increased capabilities our expanded facility will offer,” said Tom Woods, president, Sysco Raleigh. Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home.
- Insider Monkey•last month
Hedge Funds Have Never Been This Bullish On SYSCO Corporation (SYY)
"The global economic environment is very favorable for investors. Economies are generally strong, but not too strong. Employment levels are among the strongest for many decades. Interest rates are paused at very low levels, and the risk of significant increases in the medium term seems low. Financing for transactions is freely available to good borrowers, […]
- Zacks•last month
Sysco Gains 8% in 3 Months: Is There More Room for Growth?
Sysco Corporation (SYY) set to gain from focus on buyouts, strategy for 2020 and cost-saving initiatives, among others. However, hurdles in the international segment and high costs pose worries.
- Kiplinger•last month
101 Best Dividend Stocks to Buy for 2019 and Beyond
Dependable dividend stocks that routinely grow their payouts are welcome in any environment. But they seem especially attractive nowadays.Stock market volatility is back with a vengeance. The Dow Jones Industrial Average went from powering ahead to an all-time high of 26,828 on Oct. 3 to losing 8% in the span of about three weeks. These kinds of rocky markets tend to give investors motion sickness. But they can add a dose of Dramamine to their portfolios - in the form of reliable dividend-growth stocks."Dividend growers, which tend to be quality companies, have generally shown greater resilience in unsteady markets and could address concerns about dividend stocks in a rising-rate environment," write Tianyin Cheng, director of strategy and ESG Indices at S&P; Dow Jones Indices; and Vinit Srivastava, head of strategy and ESG indices at S&P; Dow Jones Indices. "This argument applies to not only to the U.S. large-cap space, but it also extends to small- and mid-cap segments and international markets."Dividend stocks - both at home and abroad - with long track records of rock-solid rising payments tend to generate superior returns over long periods of time and can help investors weather shorter periods of market turbulence.This is a look at the most reliable long-term dividend stocks in the world. Dubbed the "Dividend Aristocrats," they have raised dividends for at least five straight years (Canadian firms), 10 years (E.U.-based firms) or 25 years (U.S. companies). Such stocks provide reliable and rising income streams - and a sense of security that will help you sleep better at night. We've listed them here alphabetically; take a look. SEE ALSO: 25 Stocks Every Retiree Should Own
- Zacks•last month
Why Is Sysco (SYY) Down 4.8% Since Last Earnings Report?
Sysco (SYY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- GlobeNewswire•last month
Sysco to Webcast Presentation From the Jefferies 2019 Global Consumer Conference
Sysco Corporation (SYY) today announced that the Company will webcast its presentation from the Jefferies 2019 Global Consumer Conference in Nantucket, Massachusetts, on Wednesday, June 19, at 9:00 a.m. ET. The live webcast and slide presentation for the event can be accessed at investors.sysco.com. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations portion of its website as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.
- GlobeNewswire•last month
Sysco Corporation Joins the Partnership for Food Safety Education
Sysco Corporation (SYY) today announced that the Company is joining the Partnership for Food Safety Education (PFSE) to further educate customers on the importance of food safety and proper food handling techniques. Through its work with the PFSE, Sysco is furthering its commitment to improve public health outcomes by reducing foodborne illnesses. As PFSE’s partner, Sysco will have the opportunity to collaborate with the organization to create educational materials for the food distribution industry and offer additional food safety educational opportunities to customers.
- GlobeNewswire•2 months ago
Sysco to Webcast Presentation From the Deutsche Bank Access Global Consumer Conference 2019
Sysco Corporation (SYY) today announced that the Company will webcast its presentation from the Deutsche Bank Access Global Consumer Conference in Paris on Tuesday, June 11, at 9:15 a.m. CEST. The live webcast for the event can be accessed at investors.sysco.com. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations portion of its website as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.
- Simply Wall St.•2 months ago
Sysco Corporation (NYSE:SYY): Will The Growth Last?
Looking at Sysco Corporation's (NYSE:SYY) earnings update on 30 March 2019, analysts seem cautiously optimistic, with...
- Motley Fool•2 months ago
One Industry Amazon Is Set to Disrupt
Food service distribution may be in for a wake-up call if Amazon continues to expand in the space.
- GlobeNewswire•2 months ago
Sysco Declares Quarterly Dividend Payment
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco. For important news and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at http://investors.sysco.com/, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market.
- MoneyShow•2 months ago
Argus Expert Eyes "Min Vol" Stocks for Defensive Investors
With the stock market stalled on concerns over a trade war between the U.S. and China, some investors are beginning to investigate end-of-rally strategies, suggests John Eade, an analyst with the independent research firm, Argus Research.
- Zacks•2 months ago
Tech Moves to the Frontlines of the Trade Conflict
Tech Moves to the Frontlines of the Trade Conflict
- American City Business Journals•2 months ago
Nelson Peltz back for a second stint on Legg Mason's board
The well-known activist investor has reached a deal with Legg Mason Inc. that will net his fund three seats on the money manager's board of directors.
- GlobeNewswire•2 months ago
Sysco to Webcast Presentation From Bernstein’s 35th Annual Strategic Decisions Conference
Sysco Corporation (SYY) today announced that the Company will webcast its presentation from Bernstein’s 35th Annual Strategic Decisions Conference in New York City on Friday, May 31, at 9:00 a.m. ET. The live webcast and slide presentation for the event can be accessed at investors.sysco.com. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations portion of its website as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.
- GlobeNewswire•2 months ago
Sysco is “at the Heart of Food and Service” at the National Restaurant Association Show 2019
Sysco Corporation (SYY), the leading global foodservice distribution company, announced today that the Company will return to the National Restaurant Association Show 2019 in Chicago, May 18-21, at McCormick Place Convention Center in booth 4454, in the South Hall. "We are pleased to have our team of culinary, product and solution experts onsite at The National Restaurant Association Show to showcase our innovative products and solutions that are designed help our customers succeed,” said Brian Todd, senior vice president of merchandising and marketing for Sysco.
