Is Sysco going out of business?
Sysco, the country's largest food distributor, told its non-supermarket customers in a memo that it will focus on frozen chicken, beef, seafood and vegetables "for the interim period." Sysco also said in its memo that it will no longer deliver products on Saturdays and no longer accept returns, the Post said.
Does Sysco stock pay dividends?
HOUSTON, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.47 per share, payable on January 28, 2022, to common stockholders of record at the close of business on January 7, 2022.
Why should you hold Sysco (SYSC) in your portfolio?
Sysco has gained material market share during the pandemic, allowing it to emerge a stronger competitor. Sysco’s overhead reduction programs should make it more efficient, enabling it to price business more competitively, helping it to win new business, and further leverage its scale.
What is Sysco’s competitive advantage?
As Sysco’s competitive advantage centers on its position as the low-cost leader, we think Sysco should be able to increase market share in its home turf over time. Sysco has gained material market share during the pandemic, allowing it to emerge a stronger competitor.
Will Sysco stock go up?
The 12 analysts offering 12-month price forecasts for Sysco Corp have a median target of 97.00, with a high estimate of 107.00 and a low estimate of 84.00. The median estimate represents a +14.44% increase from the last price of 84.76.
Should I sell Sysco stock?
There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Sysco stock. View analyst ratings for Sysco or view top-rated stocks.
Is Sysco a buy?
Sysco Corporation - Buy Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of SYY, demonstrate its potential to outperform the market. It currently has a Growth Score of A.
Who owns Sysco now?
SyscoHeadquarters of Sysco in the Energy CorridorFounderHerbert Irving John F. Baugh Harry RosenthalHeadquartersHouston, Texas , United StatesKey peopleKevin Hourican, CEO Ed Shirley, Executive ChairmanServicesFood-service Food-away-from-home12 more rows
Is Sysco overvalued?
Intrinsic Value Calculation When looking at the P/E ratio or the P/FCF ratio, the stock seems to be extremely overvalued. Right now, Sysco is trading for a P/E ratio of 62 and a price-free-cash-flow ratio of 69.
Is Sysco undervalued?
An Intrinsic Calculation For Sysco Corporation (NYSE:SYY) Suggests It's 48% Undervalued.
Is Sysco a dividend king?
It has an entrenched industry position and should see steady demand, even during recessions. These qualities make Sysco a reliable stock for income. Sysco is on the exclusive list of Dividend Kings, a group of stocks with 50+ consecutive years of dividend increases.
Where is the headquarters for Sysco Foods?
Houston, TXSysco / Headquarters
Is Sysco going out of business?
On March 9, the company repaid the remaining $700 million in outstanding borrowings under its long-term revolving credit facility that expires on June 28, 2024....For more information contact:Media ContactInvestor Relations [email protected]@sysco.comT 281-584-4059T 281-436-78152 more rows•Mar 10, 2021
Who owns the most Sysco stock?
Top 10 Owners of Sysco CorpStockholderStakeShares ownedThe Vanguard Group, Inc.8.50%43,285,563Wellington Management Co. LLP6.98%35,539,582SSgA Funds Management, Inc.4.82%24,545,969BlackRock Fund Advisors4.30%21,896,0596 more rows
Is Sysco buying Greco and Sons?
HOUSTON , May 20, 2021 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today it has entered into an agreement to acquire Greco and Sons , a leading independent Italian specialty distributor in the United States from Arbor Investments and the Greco family ...
Is Sysco stock a Buy, Sell or Hold?
Sysco stock has received a consensus rating of hold. The average rating score is and is based on 12 buy ratings, 15 hold ratings, and 0 sell ratings.
What was the 52-week low for Sysco stock?
The low in the last 52 weeks of Sysco stock was 68.06. According to the current price, Sysco is 120.35% away from the 52-week low.
What was the 52-week high for Sysco stock?
The high in the last 52 weeks of Sysco stock was 91.51. According to the current price, Sysco is 89.51% away from the 52-week high.
What are analysts forecasts for Sysco stock?
The 27 analysts offering price forecasts for Sysco have a median target of 86.30, with a high estimate of 107.00 and a low estimate of 66.00. The m...
US Foods Activist Wants Control of the Board
Sysco Canada, Inc. -- Moody's announces completion of a periodic review of ratings of Sysco Corporation
Sachem Head Capital has become an activist after years of being a passive investor in food-service firm US Foods.
Sysco (SYY) Buys The Coastal Companies to Diversify Portfolio
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Sysco CorporationGlobal Credit Research - 17 Feb 2022New York, February 17, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sysco Corporation and other ratings that are associated with the same analytical unit.
Sysco Joins the USDA and EPA List of U.S. Food Loss and Waste 2030 Champions
Sysco (SYY) acquires The Coastal Companies to diversify its portfolio by adding retail and ready-to-eat capabilities along with state-of-the-art facilities.
Sysco Completes Acquisition of the Coastal Companies
HOUSTON, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, has been added to the list of U.S. Food Loss and Waste 2030 Champions by the U.S. Department of Agriculture (USDA) and Environmental Protection Agency (EPA). The U.S.
Sysco to Webcast Presentation at the CAGNY 2022 Conference
HOUSTON, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today it has completed the acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer.
Sysco (SYY) Q2 Earnings Lag Estimates on High Costs, Sales Rise
HOUSTON, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Company will webcast its presentation at the CAGNY 2022 Conference on Tuesday, Feb. 22, 2022, at 12:40 p.m. EST. The live webcast for the event can be accessed at investors.sysco.com.
Sysco (SYY) Q2 Earnings Lag Estimates on High Costs, Sales Rise
Sysco's (SYY) second-quarter fiscal 2022 results reflect increased top and bottom lines. The company performs well amid inflation as well as hurdles related to the Omicron variant.
Sysco (SYY) Lags Q2 Earnings Estimates
Sysco's (SYY) second-quarter fiscal 2022 results reflect increased top and bottom lines. The company performs well amid inflation as well as hurdles related to the Omicron variant.
Sysco stock sinks as profit misses expectations as the COVID environment led to higher costs
Sysco (SYY) delivered earnings and revenue surprises of -17.39% and 1.85%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Who is Master Purveyors?
Shares of Sysco Corp. sank 7.2% in premarket trading Tuesday, after the food products distributor reported fiscal second-quarter profit that came up short of expectations, as the COVID environment led to higher-than-anticipated operating costs. Net income for the quarter to Jan.
Does Sysco still deliver food on Saturdays?
Master Purveyors, a Bronx-based meat wholesaler with a client list including Peter Luger, told the Post that Sysco could "undercut me and others on price," especially if Sysco is "trying to get rid of prime meats and they have those meats in the freezer.". Story continues.
Is Sysco afraid to bring in too much food?
Sysco also said in its memo that it will no longer deliver products on Saturdays and no longer accept returns, the Post said.
What is Sysco Corp?
A Sysco customer told the Post it believes the food distributor is "afraid to bring in too much fresh food, because they don't know what the need will be.". On the other hand, distributing frozen meats has its advantages, including cheaper costs compared to fresh, David Bishop, a partner at supermarket consultant Brick Meets Click, told the Post.
What is the SYGMA segment?
Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other.
