SYY stock icon

Sysco
SYY

$74.46
0.16%
 

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 2023 revenue), education and government buildings (8%), travel and leisure (8%), healthcare facilities (7%), and other locations (15%) where individuals consume away-from-home meals. In fiscal 2023, 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: 72,000

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 17 analysts
0
News positive %
of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

110% more call options, than puts

Call options by funds: $181M | Put options by funds: $85.8M

42% more funds holding in top 10

Funds holding in top 10: 12 [Q4 2023] → 17 (+5) [Q1 2024]

9% more capital invested

Capital invested by funds: $30.4B [Q4 2023] → $33B (+$2.67B) [Q1 2024]

5% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 132

0% more funds holding

Funds holding: 1,420 [Q4 2023] → 1,426 (+6) [Q1 2024]

0.5% less ownership

Funds ownership: 82.32% [Q4 2023] → 81.82% (-0.5%) [Q1 2024]

15% less repeat investments, than reductions

Existing positions increased: 488 | Existing positions reduced: 572

Research analyst outlook

17 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$79
6%
upside
Avg. target
$86
16%
upside
High target
$92
24%
upside

17 analyst ratings

15 positive
88%
neutral
12%
negative
0%
Truist Securities
Jake Bartlett
14%upside
$85
Buy
Maintained
24 Jun 2024
Guggenheim
John Heinbockel
14%upside
$85
Buy
Upgraded
28 May 2024
Deutsche Bank
Lauren Silberman
16%upside
$86
Buy
Maintained
23 May 2024
Barclays
Jeffrey Bernstein
14%upside
$85
Overweight
Maintained
23 May 2024
BMO Capital
Kelly Bania
14%upside
$85
Outperform
Maintained
23 May 2024

Financial journalist opinion

Based on 10 articles about SYY published over the past 30 days