Sysco Corporation (SYY)
Consumer Staples3 articles
Price chart
Sysco Corporation (SYY) overview
Sysco is the largest U.S. foodservice distributor. It is a member of the S&P 500 and is classified in the Consumer Staples sector — food, beverage and household-goods companies that tend to hold up in any economy.
Sysco Corporation trades on the NYSE under the ticker symbol SYY. As of the most recent market data, the stock was priced around $81.08, down 1.05% on the session, giving Sysco Corporation a market capitalization of roughly $38.85B.
Over the past 52 weeks, SYY has traded between $68.19 and $91.85. Shares are valued at a trailing price-to-earnings (P/E) ratio of about 22.4, a common gauge of how richly the market prices the company's earnings. Sysco Corporation also pays a dividend, currently yielding around 2.68%.
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Why investors watch SYY
As one of the larger companies in the Consumer Staples sector, Sysco Corporation is closely followed by investors and often moves with broader trends across food, beverage and household-goods companies that tend to hold up in any economy. Traders watch SYY for earnings reports, analyst rating changes, and headlines that can shift sentiment — each of which is summarized on this page as it breaks.
Market Mood
Latest SYY news
Sysco (SYY) Faces Supply Chain Strains Amid Rising Business Risks
Sysco (SYY) is currently facing increasing business risks due to supply chain strains, cost volatility, and changing demand, all of which threaten its profit margins. The company has reported difficulties managing operational costs as they fluctuate, impacting overall financial stability. As these factors come into play, Sysco's market performance and investor confidence may be affected in the upcoming quarters. This situation is important for ordinary investors to monitor as it could influence Sysco's stock performance and dividend stability.
Read More: Sysco (SYY) Faces Supply Chain Strains Amid Rising Business Risks
D.E. Shaw Holds Over $1 Billion Stake in Sysco
D.E. Shaw has acquired a stake of more than $1 billion in Sysco. This substantial investment highlights the firm's confidence in Sysco's market position and growth potential. The move may have implications for Sysco's stock performance, attracting additional investor interest in the company. For investors, this significant stake could indicate potential stability and growth in Sysco (SYY) amidst market fluctuations.
Read More: D.E. Shaw Holds Over $1 Billion Stake in Sysco
Sysco Corporation (SYY) Reports $20.5B Sales with 4.7% Growth
Sysco Corporation (SYY) reported quarterly sales of $20.5 billion, marking a 4.7% year-over-year increase. The company's gross profit expanded by 6.5% to $3.8 billion, with domestic foodservice case volumes rising 2.3% and local case volume increasing by 3.3%, the highest rate in over three years. Year-to-date free cash flow reached $1.1 billion, indicating strong operational momentum. The strategic acquisition of Jetro Restaurant Depot is expected to further enhance Sysco's cash-and-carry footprint, positioning the company favorably for future growth as cultured meat products gain market acceptance.
Read More: Sysco Corporation (SYY) Reports $20.5B Sales with 4.7% GrowthMore Consumer Staples stocks
Frequently asked questions
Is Sysco Corporation in the S&P 500?
Yes. Sysco Corporation (SYY) is a member of the S&P 500 index, classified in the Consumer Staples sector.
What sector is SYY in?
Sysco Corporation is classified in the Consumer Staples sector of the S&P 500 — food, beverage and household-goods companies that tend to hold up in any economy.
Where can I find the latest SYY news?
This page collects recent Sysco Corporation (SYY) news and market analysis, each article summarized by AI and tagged with bullish, bearish, or neutral sentiment.
What is Sysco Corporation's stock price?
As of the most recent market data, Sysco Corporation (SYY) traded at approximately $81.08. Prices move throughout the trading day, so this reflects the latest available quote rather than a live price.
What is Sysco Corporation's market cap?
Sysco Corporation has a market capitalization of roughly $38.85B, based on its most recent share price and shares outstanding.
What is SYY's P/E ratio?
SYY trades at a trailing price-to-earnings ratio of about 22.4. The P/E ratio compares a company's share price to its earnings per share.