SyscoSYY
Market Cap: 36.3B
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
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
17 analyst ratings
B of A Securities Kendall Toscano | 19%upside $87 | Buy Maintained | 18 Jul 2024 |
Morgan Stanley John Glass | 11%upside $81 | Equal-Weight Maintained | 16 Jul 2024 |
Truist Securities Jake Bartlett | 17%upside $85 | Buy Maintained | 24 Jun 2024 |
Guggenheim John Heinbockel | 17%upside $85 | Buy Upgraded | 28 May 2024 |
Deutsche Bank Lauren Silberman | 18%upside $86 | Buy Maintained | 23 May 2024 |
Financial journalist opinion
Based on 8 articles about SYY published over the past 30 days