Sysco Corporation (SYY)
Consumer Staples5 articles
Price chart
Why is SYY moving today?
+0.1%SYY is +0.1% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 2 days ago
Sysco Corporation (SYY) overview
Sysco is the largest U.S. foodservice distributor.
SYY is a member of the S&P 500. It sits in the Consumer Staples sector. That sector covers 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. The most recent market data puts the share price at about $82.22. That is up 0.09% on the session. At that price the company is worth roughly $40.45B.
Over the past 52 weeks, SYY has traded between $68.19 and $91.85. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 21.9. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. SYY also pays a dividend. It yields around 2.68% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 2 days ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch SYY
SYY is one of the larger names in the Consumer Staples sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each SYY story as it breaks, and tags it bullish, bearish or neutral.
What moves SYY
- Earnings. SYY reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from SYY.
- Sector news. Consumer Staples stocks often move together, so a rival's news can move SYY too.
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% Growth
Sysco Acquires Jetro Restaurant Depot for $29 Billion; Stock Drops 13%
Sysco announced a $29 billion acquisition of Jetro Restaurant Depot, which includes $21 billion in new and hybrid debt and $1 billion in cash. Following this announcement, Sysco's shares fell nearly 12% in morning trading, with the market capitalization at $39.2 billion. Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares, resulting in a 16% stake in the combined company. Sysco anticipates the deal will increase earnings per share by a mid- to high-single-digit percentage in the first year post-acquisition, expected by fiscal Q3 2027.
Read More: Sysco Acquires Jetro Restaurant Depot for $29 Billion; Stock Drops 13%
Sysco Acquires Jetro Restaurant Depot in $29 Billion Deal
Sysco has announced a $29 billion acquisition of Jetro Restaurant Depot. This deal is significant as it consolidates Sysco's position in the food supply chain, making it one of the largest players in the industry. The acquisition is expected to enhance Sysco’s market reach and operational capabilities. The impact on Sysco's stock price and market dynamics remains to be seen as investors evaluate the potential benefits of this consolidation.
Read More: Sysco Acquires Jetro Restaurant Depot in $29 Billion DealMore Consumer Staples stocks
Frequently asked questions
Is Sysco Corporation in the S&P 500?
Yes. Sysco Corporation trades as SYY and is a member of the S&P 500. The index lists it in the Consumer Staples sector.
What sector is SYY in?
SYY sits in the Consumer Staples sector of the S&P 500.
Where can I find the latest SYY news?
Right here. This page collects recent SYY news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Sysco Corporation's stock price?
SYY last traded at about $82.22. Prices move all through the session, so this is the latest quote rather than a live one.
What is Sysco Corporation's market cap?
SYY is worth roughly $40.45B. Market cap is the share price times the number of shares outstanding.
What is SYY's P/E ratio?
SYY trades at a trailing P/E ratio of about 21.9. The ratio compares the share price with earnings per share over the past year.