Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally It operates through U.
infoSysco is a large cap stock with a total market cap of 35.52B.
infoThey trade on the NYSE and had their IPO 50 years and 3 months ago.
infoSysco currently employs 72000 people.
infoAs of Wednesday, Aug 23 2023, Sysco’s share price is $70.32.
News Relating to Sysco
MarketBeat
3 Dividend Kings with a Royally Good Upside
Tuesday Aug 22 2023 at 08:16
Dividend Kings are tried and true investments with a long history of sustained dividend payments and distribution increases. The kind of track records that help investors sleep soundly at night, but these stocks are not always easy to buy.
InvestorPlace
7 Stocks to Buy Ahead of a 2024 Recession
Monday Aug 21 2023 at 06:00
With concerns growing about the possibility of a 2024 recession, it’s prudent to tilt your portfolio in a more conservative direction as we head into 2024. Currently, the 10-Year Treasury Constant Maturity Minus the 2-Year Treasury Constant Maturity chart displays a risky trajectory.
Seeking Alpha
3 Dividend Aristocrat Buys For August And 6 To Watch
Friday Aug 11 2023 at 08:22
“Dividend Aristocrats in the S&P 500 Index have raised their annual payouts every year for at least 25 consecutive years. ” – Kiplinger.com/Investing. 66 Aristocrats, screened as of August 9, 2023, represented all eleven Morningstar Sectors. Broker estimated-top-ten net gains ranged 15.54%-31.28% topped by TGT and NEE. By yield, WBA topped-all Aristocrats. Top-ten Yields from ESS, ABBV, FRT, BEN, TROW, IBM, AMCR, O, MMM, & WBA, averaged 4.78%.
Seeking Alpha
These Are The Reasons Why We Are Bullish On Sysco
Saturday Aug 05 2023 at 09:12
Sysco’s stock has underperformed the market year-to-date, but it could be an attractive holding due to its latest earnings results, commitment to returning value to shareholders, and valuation. Despite missing analyst estimates, Sysco’s revenue and EPS have grown, indicating strong demand for its products. The company’s profitability has also improved. The stock appears to be attractively valued compared to its peers in the food distributors industry.
Seeking Alpha
The Ultimate 10 Retirement Salvation Dividend Aristocrats For August
Saturday Aug 05 2023 at 07:40
The answer is simple for those worried about high market valuations hurting future returns. Don’t buy overvalued stocks. While the average investor is at risk of a lost decade or two, smart investors buying fast-growing aristocrats trading at reasonable prices have nothing to fear. The ten dividend aristocrats are trading at a 15% discount that offers a 16% annual return potential long-term, similar to what they have delivered for 30 years.
Seeking Alpha
Buy 5 August Dividend Kings, Watch 4 More
Tuesday Aug 01 2023 at 16:22
“There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive-years.”–Dogs of the Dow. The 50 Dividend Kings screened as of July 28, 2023, represented nine of eleven Morningstar Sectors. Broker targeted-top-ten net-gainers ranged 13.68%-34.52% topped-by Target, and Gorman-Rupp. By yield, Altria tops-all. Top-ten Kingly August yields from NFG, ABBV, BKH, FRT, NWN, MMM, CDUAF, LEG, UVV, & MO averaged 5.24%.
Seeking Alpha
Sysco Corporation (SYY) Q4 2023 Earnings Call Transcript
Tuesday Aug 01 2023 at 15:02
Sysco Corporation (NYSE:SYY ) Q4 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Kevin Kim – VP of IR Kevin Hourican – President and CEO Kenny Cheung – CFO Neil Russell – Chief Administrative Officer Conference Call Participants Edward Kelly – Wells Fargo Joshua Long – Stephens Inc. John Heinbockel – Guggenheim Securities Kelly Bania – BMO Capital Markets John Ivankoe – JPMorgan Alex Slagle – Jefferies Operator Welcome to Sysco’s Fourth Quarter Fiscal Year 2023 Conference Call. As a reminder, today’s call is being recorded.
Zacks Investment Research
Sysco’s (SYY) Q4 Earnings Beat Estimates, Sales Advance Y/Y
Tuesday Aug 01 2023 at 14:10
Sysco’s (SYY) fourth-quarter fiscal 2023 results reflect higher sales and earnings on volume gains, market share growth, the progress of the Recipe for Growth plan and solid cost management.
Zacks Investment Research
Sysco (SYY) Reports Q4 Earnings: What Key Metrics Have to Say
Tuesday Aug 01 2023 at 12:40
Although the revenue and EPS for Sysco (SYY) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Zacks Investment Research
Sysco (SYY) Beats Q4 Earnings Estimates
Tuesday Aug 01 2023 at 10:25
Sysco (SYY) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.15 per share a year ago.
Zacks Investment Research
Factors to Note Ahead of Sysco Corporation’s (SYY) Q4 Earnings
Wednesday Jul 26 2023 at 12:25
Sysco’s (SYY) fiscal fourth-quarter earnings is likely to reflect gains from the Recipe for Growth initiative. However, rising cost inflation might have been a hurdle.
MarketBeat
US Foods is Managing Inflation Deceleration the Right Way
Tuesday Jul 25 2023 at 09:10
In all industries, some companies are a cut above the rest. They are just better managed.
Zacks Investment Research
Sysco (SYY) Gains on Solid Supply Chain, Recipe for Growth
Wednesday Jul 19 2023 at 12:07
Sysco (SYY) has been benefiting from its unwavering focus on growth strategies like supply-chain optimization, digital transformation and customer-centric initiatives.
Market Watch
These 5 fast-growing stocks pay generous dividends you can count on
Tuesday Jul 11 2023 at 18:22
Across the first half of 2023, “risk-on” trades were in favor on Wall Street. Still, many investors remain skeptical of the rally.
Zacks Investment Research
Passive Income: 3 Dividend Kings Worth a Look
Friday Jul 07 2023 at 19:08
Dividends soften the blow from drawdowns in other positions, provide more than one way to reap a return from an investment, and allow maximum returns through dividend reinvestment.
InvestorPlace
3 Safe Growth Stocks to Buy for Long-Lasting Dividends
Friday Jun 30 2023 at 14:14
Do you know what can be difficult in the investment world? Finding growth stocks with dividends.
Seeking Alpha
4 Upcoming Dividend Increases Including 2 Dividend Kings
Friday Jun 30 2023 at 05:28
The article lists companies expected to increase dividends in the coming week, compiled from the “U.S. Dividend Champions” spreadsheet and NASDAQ data. All companies listed have at least five years of consistent dividend growth. The list includes companies such as John Wiley & Sons, Inc., Simpson Manufacturing Company, Inc., Sysco Corporation, and Universal Corporation. The article also provides various metrics related to these companies, including their forward yield, ex-dividend date, increase percent, and streak category.
Seeking Alpha
My Best Dividend Aristocrats For July 2023
Wednesday Jun 28 2023 at 11:10
My Best Dividend Aristocrats For July 2023
Zacks Investment Research
Sysco (SYY) Fuels Recipe for Growth, Boosts Digital Platform
Wednesday Jun 28 2023 at 09:06
Sysco’s (SYY) e-commerce platform, Sysco Shop, is now available in Spanish. This highlights Sysco’s commitment to Spanish customers as well as its Recipe for Growth program.
Zacks Investment Research
Sysco (SYY) Grapples With Cost Inflation & Soft Industry Trends
Friday Jun 23 2023 at 11:54
Sysco (SYY) has been experiencing the adverse impacts of product cost inflation, rising operating costs and expenses and foreign exchange headwinds.
Seeking Alpha
Using Return On Capital Employed To Generate Alpha With Dividend Aristocrats
Thursday Jun 22 2023 at 11:28
Return on Capital Employed (ROCE) is a financial ratio that measures a company’s profitability and efficiency in utilizing its capital to generate returns. Strategies that focus on investing in companies with high ROCE or significant improvements in ROCE have historically outperformed the overall market. ROCE should be incorporated into stock research as it is an important metric for evaluating the long-term performance of a business.
Seeking Alpha
My 12 Best Dividend Kings For June 2023
Tuesday Jun 06 2023 at 02:19
The Dividend Kings are an elite group of companies that have paid and increased dividends for at least 50 consecutive years. The strategy focuses on selecting the top quarter of Dividend Kings with the best-forecasted EPS growth rate combined with the current valuation. A buy-and-hold approach is recommended for this strategy, as it is easier and more tax-friendly.
Seeking Alpha
Buy 7 June Dividend Kings And Watch 3
Wednesday May 31 2023 at 16:34
“There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive-years.”–Dogs of the Dow. The 47 Dividend Kings screened as of May 26, 2023, represented eight of eleven Morningstar Sectors. Broker targeted-top-ten net-gainers ranged 16.08%-39.93% topped-by VF Corp & Gorman-Rupp. By yield, MO tops-all. Top-ten Kingly June yields from BKH, ABBV, NWN, FRT, CDUAF, LEG, UVV, MMM, VFC, & MO averaged 5.59%.
Seeking Alpha
My Best Dividend Aristocrats For June 2023
Wednesday May 31 2023 at 15:34
Dividend aristocrats are struggling in 2023, with the ProShares S&P 500 Dividend Aristocrats ETF down 4.71% in May. Three strategies for identifying winning aristocrats include focusing on undervalued stocks, fastest expected growth, and a blend of the two. Despite recent underperformance, long-term investors can find value in dividend aristocrats, as they have historically outperformed the S&P 500 index.
Seeking Alpha
My 12 Best Dividend Kings For May 2023
Monday May 08 2023 at 04:28
The 49 Dividend Kings collectively were up 0.51% in April and continue their positive year-to-date return. The 12 best dividend kings selected for April, based on forecasted growth and valuation, outperformed the average dividend king return by 2.78%.
Zacks Investment Research
Sysco’s (SYY) Q3 Earnings Lag Estimates, Sales Advance Y/Y
Tuesday May 02 2023 at 12:11
Sysco’s (SYY) third-quarter fiscal 2023 results reflect earnings and sales growth, market share gains, the progress of the Recipe for Growth plan and solid cost management.
Zacks Investment Research
Sysco (SYY) Lags Q3 Earnings Estimates
Tuesday May 02 2023 at 10:39
Sysco (SYY) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.71 per share a year ago.
Zacks Investment Research
Sysco Corporation (SYY) to Post Q3 Earnings: What’s in Store?
Thursday Apr 27 2023 at 12:56
Sysco (SYY) third-quarter results might reflect gains from the improving supply-chain efforts, and customer-oriented merchandising and marketing solutions.
Seeking Alpha
12 Dividend Aristocrats That Should Leave You Swimming In Cash
Saturday Apr 22 2023 at 08:00
12 Dividend Aristocrats That Should Leave You Swimming In Cash.
Seeking Alpha
Apple Among 14 Companies To Announce Dividend Growth In Late April
Sunday Apr 16 2023 at 08:20
Procter & Gamble extended its dividend growth streak to 67 years in the first two weeks of April with a 3% increase. Most of the increases I expected in the first half of April will actually occur in the upcoming week.
Sysco Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Sysco’s Altman Z-score is 6.31 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
Sysco Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
Learn more at Investopediaopen_in_new
Over the last 3 months, there has been no insider trading in Sysco.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
Learn more at WallStreetPrepopen_in_new
Sysco’s Income Quality of 1.62 is lower than its Industry Group of 2.2 (-26.4% lower)
Sysco’s Income Quality of 1.62 is greater than its Major Industry Group of 0.75 (116.0% greater)
Sysco’s Income Quality of 1.62 is greater than its Sector of 0.93 (74.2% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
Learn more at Investopediaopen_in_new
Sysco’s Current Ratio of 1.24 is lower than its Industry Group of 1.51 (-17.9% lower)
Sysco’s Current Ratio of 1.24 is lower than its Major Industry Group of 1.55 (-20.0% lower)
Sysco’s Current Ratio of 1.24 is lower than its Sector of 1.72 (-27.9% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
Learn more at Investopediaopen_in_new
Sysco’s PE Ratio of 20.07 is greater than its Industry Group of 15.9 (26.2% greater)
Sysco’s PE Ratio of 20.07 is greater than its Major Industry Group of 9.07 (121.3% greater)
Sysco’s PE Ratio of 20.07 is greater than its Sector of 12.39 (62.0% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
Learn more at Investopediaopen_in_new
Sysco’s PB Ratio of 17.68 is greater than its Industry Group of 1.02 (1633.3% greater)
Sysco’s PB Ratio of 17.68 is greater than its Major Industry Group of 1.17 (1411.1% greater)
Sysco’s PB Ratio of 17.68 is greater than its Sector of 1.41 (1153.9% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
Learn more at Investopediaopen_in_new
Sysco’s ROE of 0.88 is greater than its Industry Group of 0.07 (1157.1% greater)
Sysco’s ROE of 0.88 is greater than its Major Industry Group of 0.07 (1157.1% greater)
Sysco’s ROE of 0.88 is greater than its Sector of 0.11 (700.0% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Sysco’s ROCE of 0.19 is greater than its Industry Group of 0.04 (375.0% greater)
Sysco’s ROCE of 0.19 is greater than its Major Industry Group of 0.08 (137.5% greater)
Sysco’s ROCE of 0.19 is greater than its Sector of 0.12 (58.3% greater)
Derived from SEC.GOV filing dataopen_in_new