Sysco
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)
86% more first-time investments, than exits
New positions opened: 167 | 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] → 1,515 (+51) [Q4]
1.92% more ownership
Funds ownership: 85.14% [Q3] → 87.06% (+1.92%) [Q4]
1% more capital invested
Capital invested by funds: $32.6B [Q3] → $33.1B (+$424M) [Q4]
3% less repeat investments, than reductions
Existing positions increased: 547 | Existing positions reduced: 564
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Wells Fargo Edward Kelly 47% 1-year accuracy 16 / 34 met price target | 22%upside $87 | Overweight Maintained | 26 Feb 2025 |
JP Morgan John Ivankoe 76% 1-year accuracy 22 / 29 met price target | 15%upside $82 | Overweight Maintained | 4 Feb 2025 |
Morgan Stanley John Glass 36% 1-year accuracy 12 / 33 met price target | 8%upside $77 | Equal-Weight Maintained | 29 Jan 2025 |
Guggenheim John Heinbockel 53% 1-year accuracy 8 / 15 met price target | 20%upside $85 | Buy Reiterated | 29 Jan 2025 |
UBS Mark Carden 40% 1-year accuracy 4 / 10 met price target | 21%upside $86 | Buy Maintained | 29 Jan 2025 |
Financial journalist opinion
Based on 7 articles about SYY published over the past 30 days









