SYY - Sysco Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
56.90
-0.28 (-0.49%)
As of 11:46AM EDT. Market open.
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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close57.18
Open57.31
Bid56.90 x 1100
Ask56.95 x 2200
Day's Range56.35 - 57.68
52 Week Range26.00 - 85.98
Volume855,839
Avg. Volume6,912,577
Market Cap28.883B
Beta (5Y Monthly)1.13
PE Ratio (TTM)21.43
EPS (TTM)2.65
Earnings DateAug 10, 2020 - Aug 14, 2020
Forward Dividend & Yield1.80 (3.15%)
Ex-Dividend DateJul 01, 2020
1y Target Est55.14
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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13% Est. Return
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  • SYSCO Corporation (SYY): Hedge Funds Are Snapping Up
    Insider Monkey

    SYSCO Corporation (SYY): Hedge Funds Are Snapping Up

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]

  • Thomson Reuters StreetEvents

    Edited Transcript of SYY earnings conference call or presentation 5-May-20 2:00pm GMT

    Q3 2020 Sysco Corp Earnings Call

  • Notable Insider Buys This Past Week: Berkshire Hathaway, Sysco And More
    Benzinga

    Notable Insider Buys This Past Week: Berkshire Hathaway, Sysco And More

    * Insider buying can be an encouraging signal for potential investors. * Directors stepped up to make sizable share purchases last week. * Some of those transaction came in the wake of earnings reports.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to add shares despite overall market volatility and global economic gloom. Here are some of the most noteworthy insider purchases reported in the past week.Sysco Activist investor Nelson Peltz and one other SYSCO Corporation (NYSE: SYY) director each indirectly added 103,700 shares of this food services giant to their stakes. At per-share prices ranging from $50.29 to $52.27, that totaled more than $10.74 million altogether. Note that these two directors also purchased 600,000 shares each in the previous week.Sysco's disappointing fiscal third-quarter earnings posted earlier this month were followed by lowered price targets. The stock ended last week's trading at $51.75 per share, still within the above purchase price range. The share price is up more than 47% since its year-to-date low in March.Berkshire Hathaway Berkshire Hathaway Inc. (NYSE: BRK-B) saw a director purchase nearly 1,000 shares of this Omaha-based conglomerate last week at $173.30 per share. The same director also bought eight of the class A shares via family trust. Those cost $261,002.63 apiece. The total for these transactions was more than $2.26 million.CEO Warren Buffett has been uncharacteristically cautious so far this year. The B shares ended last week up about 3% to $175.07, while the A shares were last seen trading at $263,094.00 apiece. The timing of that director's purchases seems fortunate.Mercury General Mercury General Corporation (NYSE: MCY) founder and board chair George Joseph stepped up to the buy window again last week. He bought more than 84,000 shares for $38.72 to $38.86 apiece, which totaled almost $3.28 million. Joseph also purchased over 447,000 shares in the previous week.Shares of this Los Angeles-based insurer closed most recently at $39.24 a share. That is above the most recent purchase price range. It is also more than 10% higher than the year-to-date low during the pandemic panic selling back in March, and the analysts' consensus price target is up at $44.See also: Activist Investor Nelson Peltz Says He Is Putting New Capital To WorkIn addition, note that there was some amount of insider buying at Arch Capital Group Ltd. (NASDAQ: ACGL), Arconic Corp (NYSE: ARNC), Carrier Global Corp (NYSE: CARR) and Green Dot Corporation (NYSE: GDOT) last week as well.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Barron's Picks And Pans: Berkshire Hathaway, Carvana, Madison Square Garden And More * Bulls And Bears Of The Week: Caterpillar, Facebook, Microsoft And More * Barron's Picks And Pans: Berkshire Hathaway, Disney, SoftBank And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • GlobeNewswire

    Sysco Declares Quarterly Dividend Payment

    Sysco Corporation (SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.45 per share, payable on July 24, 2020, to common stockholders of record at the close of business on July 2, 2020. 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. Information about our Corporate Social Responsibility (CSR) program, including Sysco’s 2019 CSR Report, can be found at csr2019report.sysco.com.

  • Barrons.com

    Two Stocks Nelson Peltz May Be Buying Now

    Wall Street is itching to know what’s on Nelson Peltz’s shopping list after the activist investor teased two new positions last week. Gordon Haskett suggests Colgate-Palmolive and Dollar Tree.

  • GlobeNewswire

    Sysco to Webcast Presentation of the 2020 Bernstein Strategic Decisions Conference

    Sysco Corporation (SYY) today announced that the Company will webcast its presentation of the 2020 Bernstein Strategic Decisions Conference on Friday, May 29, at 9:00 a.m. ET. 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.

  • GlobeNewswire

    Sysco to Webcast Presentation From the BMO Farm to Market Conference

    Sysco Corporation (SYY) today announced that the Company will webcast its presentation of the BMO Farm to Market Conference on Thursday, May 14, at 9:20 a.m. ET. 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.

  • Beyond Meat’s stock is wildly overpriced — even if business expands perfectly
    MarketWatch

    Beyond Meat’s stock is wildly overpriced — even if business expands perfectly

    Beyond Meat had a wild first year as a public company. Given the stock (BYND) now trades nearly three times higher than its 52-week low, investors must ask themselves whether Beyond Meat can justify the expectations baked into its stock price. The future profit growth baked into the current stock price assumes the company faces no competition and will achieve 150% market share of the entire meat substitute market while also increasing margins.

  • Why Sysco Stock Gained 23% in April
    Motley Fool

    Why Sysco Stock Gained 23% in April

    The food giant's business is under pressure but holding up through the early phases of the pandemic.

  • GlobeNewswire

    Marie Robinson Joins Sysco as Chief Supply Chain Officer

    HOUSTON, May 08, 2020 -- Sysco Corporation (NYSE:SYY) announced today that Marie Robinson has joined the company as executive vice president and chief supply chain officer. She.

  • Were Hedge Funds Right About SYSCO Corporation (SYY)?
    Insider Monkey

    Were Hedge Funds Right About SYSCO Corporation (SYY)?

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • Sysco Corp (SYY) Q3 2020 Earnings Call Transcript
    Motley Fool

    Sysco Corp (SYY) Q3 2020 Earnings Call Transcript

    On today's call, we have Kevin Hourican, our President and Chief Executive Officer; and Joel Grade, our Chief Financial Officer. Before we begin, please note that statements made during this presentation, which state the company's or management's intentions, beliefs, expectations or predictions of the future, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act, and actual results could differ in a material manner.

  • Sysco's (SYY) Earnings Miss Estimates in Q3, Sales Down
    Zacks

    Sysco's (SYY) Earnings Miss Estimates in Q3, Sales Down

    Sysco's (SYY) third-quarter fiscal 2020 sales decline year over year thanks to the coronavirus outbreak.

  • Sysco (SYY) Misses Q3 Earnings Estimates
    Zacks

    Sysco (SYY) Misses Q3 Earnings Estimates

    Sysco (SYY) delivered earnings and revenue surprises of -15.09% and 0.68%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Sysco's stock turns higher after missing earnings expectations, but expects business to keep improving

    Shares of Sysco Corp. edged up 0.3% in premarket trading Tuesday, reversing earlier losses of as much as 2.2%, after the food distribution company reported fiscal third-quarter results that missed expectations, as the COVID-19 pandemic's effect on its business was "more substantial than any other throughout the company's history," but said business has improved in April and is expected to continue improving in May. For the quarter to March 28, Sysco swung to a net loss of $3.3 million, or a penny a share, from net income of $440.1 million, or 85 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share fell to 45 cents from 79 cents, below the FactSet consensus of 58 cents. Sales dropped 6.5% to $13.70 billion, missing the FactSet consensus of $13.94 billion, as total U.S. case volume declined 5.2%. The company said it has reduced staff by 33% since the start of the COVID-19 crisis, through both furloughs and permanent job cuts, which has helped lower costs in the fourth quarter by more than $500 million. "From the low point at the end of March, trends in April have shown sequential weekly improvement that reflects further momentum and upward trajectory," Sysco said in a statement. "We expect additional improvement throughout the month of May as certain states allow restaurants to re-open their dining areas."

  • GlobeNewswire

    Sysco Reports Third Quarter Fiscal 2020 Results

    HOUSTON, May 05, 2020 -- Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week third fiscal quarter ended March 28, 2020. Third Quarter Fiscal 2020.

  • A Rising Share Price Has Us Looking Closely At Sysco Corporation's (NYSE:SYY) P/E Ratio
    Simply Wall St.

    A Rising Share Price Has Us Looking Closely At Sysco Corporation's (NYSE:SYY) P/E Ratio

    Sysco (NYSE:SYY) shareholders are no doubt pleased to see that the share price has bounced 34% in the last month...

  • 3 Dividend Stocks That Should Pay You For the Rest of Your Life
    Motley Fool

    3 Dividend Stocks That Should Pay You For the Rest of Your Life

    Many investors prefer to invest in stocks they can hold on to forever. Another key offering that these companies bring to their shareholders is dividends. Altria has delivered impressive gains to its dividend investors over time.

  • GlobeNewswire

    Sysco Launches New “Foodservice Doesn’t Brake for Adversity” Campaign to Support Restaurant Customers

    Sysco Corporation (SYY) announced today the launch of a new “Foodservice Doesn’t Brake for Adversity” campaign designed to help small foodservice businesses stay in business. The campaign will consist of strategically placed messages across multiple channels designed to encourage Americans to support their local restaurants and also highlights the resilience of all foodservice workers. “In these extraordinary times, Sysco is proud to launch this important campaign to further demonstrate our commitment to ensuring neighborhood restaurants survive and succeed now and in the future,” said Kevin Hourican, Sysco's president and chief executive officer.

  • Factors Worth Watching Ahead of Sysco's (SYY) Q3 Earnings
    Zacks

    Factors Worth Watching Ahead of Sysco's (SYY) Q3 Earnings

    Sysco's (SYY) third-quarter fiscal 2020 performance is likely to reflect cost-related challenges. Also, its International unit has been delivering a mixed performance.

  • Moody's

    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.

  • Analysts Estimate Sysco (SYY) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Sysco (SYY) to Report a Decline in Earnings: What to Look Out for

    Sysco (SYY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • At US$54.92, Is It Time To Put Sysco Corporation (NYSE:SYY) On Your Watch List?
    Simply Wall St.

    At US$54.92, Is It Time To Put Sysco Corporation (NYSE:SYY) On Your Watch List?

    Let's talk about the popular Sysco Corporation (NYSE:SYY). The company's shares saw a significant share price rise of...

  • GuruFocus.com

    Wall Street Advances on Friday

    Intel shares fall despite revenue growth Continue reading...

  • GlobeNewswire

    Sysco Detroit and Victory Smokehouse Team Up to Provide Meals to Local Police

    Today Sysco Detroit will team up with Victory Smokehouse, a BBQ restaurant located in Warren, MI, to provide over 50 donated meals for the officers and support staff of the Troy Police Department. This donation recognizes the essential work provided by these law enforcement teams during the COVID-19 pandemic and everyday. All donated meals will be prepared at Victory Smokehouse using strict sanitation and preparation guidelines to ensure the safety of the chefs, law enforcement personnel and the Sysco employees delivering the BBQ meals.