Sysco (SYY)

• Market cap: $34.8B
• 1 day: -0.11%
• 5 days: -3.05%
• 1 month: -2.88%
• 3 months: -7.52%
• 6 months: -6.66%
• Year to date: -6.08%
• 1 year: -12.90%
• 5 years: 96.06%
• 10 years: 83.94%
• 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)

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

• Low target: $77 8% upside
• Avg. target: $84 18% upside
• High target: $87 22% 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	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