Sysco (SYY)

• Market cap: $35.4B
• 1 day: -2.65%
• 5 days: -1.95%
• 1 month: 2.40%
• 3 months: -5.43%
• 6 months: -2.36%
• Year to date: -4.39%
• 1 year: -10.99%
• 5 years: 95.07%
• 10 years: 89.50%
• 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)

83% more first-time investments, than exits

New positions opened: 165 | Existing positions closed: 90

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]

3% more funds holding

Funds holding: 1,464 [Q3] → 1,513 (+49) [Q4]

1.91% more ownership

Funds ownership: 85.14% [Q3] → 87.04% (+1.91%) [Q4]

1% more capital invested

Capital invested by funds: $32.6B [Q3] → $33.1B (+$419M) [Q4]

3% less repeat investments, than reductions

Existing positions increased: 545 | Existing positions reduced: 564

Research analyst outlook

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

• Low target: $77 6% upside
• Avg. target: $84 15% upside
• High target: $87 20% upside

7 analyst ratings

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

Wells Fargo Edward Kelly 47% 1-year accuracy 16 / 34 met price target	20% upside $87	Overweight Maintained	26 Feb 2025
JP Morgan John Ivankoe 77% 1-year accuracy 20 / 26 met price target	13% upside $82	Overweight Maintained	4 Feb 2025
Morgan Stanley John Glass 36% 1-year accuracy 12 / 33 met price target	6% upside $77	Equal-Weight Maintained	29 Jan 2025
Guggenheim John Heinbockel 50% 1-year accuracy 7 / 14 met price target	17% upside $85	Buy Reiterated	29 Jan 2025
UBS Mark Carden 50% 1-year accuracy 5 / 10 met price target	19% upside $86	Buy Maintained	29 Jan 2025