Date | Price Target | Rating | Analyst |
---|---|---|---|
5/28/2024 | $85.00 | Neutral → Buy | Guggenheim |
11/21/2023 | $73.00 | Neutral | Piper Sandler |
10/19/2023 | $75.00 | Buy | Deutsche Bank |
3/9/2023 | $90.00 | Buy | BofA Securities |
2/2/2023 | Buy → Hold | Argus | |
9/23/2022 | $90.00 | Overweight | Stephens |
5/26/2022 | $98.00 | Neutral → Overweight | JP Morgan |
3/11/2022 | Neutral | CL King |
HOUSTON, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.51 per share, payable on October 25, 2024, to common stockholders of record at the close of business on October 4, 2024. About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 76,000 colleagues, the company operates 340 distribution facili
HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) ("Sysco" or the "company") today announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 29, 2024. Key financial results for the fourth quarter of fiscal year 2024 include the following (comparisons are to the same period in fiscal year 2023): Sales increased 4.2%; U.S. Foodservice volume increased 3.5%; U.S. local volumes grew 0.7%;Gross profit increased 4.2% to $3.8 billion;Operating income increased 1.2% to $977 million, and adjusted operating income increased 6.4% to $1.1 billion1;EBITDA decreased 7.7% to $1.2 billion, and adjusted EBITDA increased 5.4% to $1.3 billion1,2;
HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its fourth quarter and fiscal year 2024 financial results at 10 a.m. EDT on Tuesday, July 30, 2024. All interested parties are invited to listen online at investors.sysco.com. Prior to the conference call and webcast, the company will also issue a news release and post a slide presentation in the investor relations section of its website. A replay of the webcast will be available online shortly after the live webcast is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations section of its website, fou
VICTORIA, British Columbia, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the world's largest food distributor, celebrated the arrival of 8 heavy-duty electric tractors to their fleet in Victoria, which serves over 1,500 customers including restaurants, healthcare and education customers. In total, Sysco now has over 130 heavy-duty electric tractors globally across the United States, Canada, United Kingdom and Sweden. "We are excited to scale our electric truck fleet into Canada and continue our journey to meet our climate goal of reducing emissions across the enterprise. One component of our climate goal is electrifying a portion of our fleet, and our partnershi
HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the world's largest food distributor, announced its winners from the company's inaugural One Planet. One Table. packaging (pack-a-thon) contest. Over 40 U.S. suppliers and packaging producers submitted innovative, environmentally friendly solutions to reduce plastics and packaging waste. Sysco's panel of judges invited the top seven proposals to a pitch competition at the end of June, narrowing the field to three winners: Winners: Cargill's More Sustainable Beef Packaging – Shrink bags that are designed to biodegrade in landfill and are made with recycled content.Superior Foods International Bio Bag for Froz
HOUSTON, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the world's largest food distributor, announced that the International Foodservice Distribution Association (IFDA) named 23 of Sysco's Delivery Partners to its prestigious 2024 Truck Driver Hall of Fame. The IFDA Truck Driver Hall of Fame program recognizes the foodservice industry's top drivers for their outstanding records of service and safety. For those selected, being inducted is a lifetime honor. "We're incredibly proud of our Sysco Delivery Partners who have dedicated their careers to safely delivering food and products to our customers," said Daniel Purefoy, Sysco's Chief Supply Chain Officer. "They h
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Guggenheim upgraded Sysco from Neutral to Buy and set a new price target of $85.00
Piper Sandler resumed coverage of Sysco with a rating of Neutral and set a new price target of $73.00
Deutsche Bank initiated coverage of Sysco with a rating of Buy and set a new price target of $75.00
B of A Securities analyst Kendall Toscano maintains Sysco (NYSE:SYY) with a Buy and lowers the price target from $91 to $87.
11 analysts have expressed a variety of opinions on Sysco (NYSE:SYY) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 3 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 2 3 1 0 0 3M Ago 2 0 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Sysco, presenting an average target of $84.27, a high estimate of $87.00, and a low estimate of $79.00. A 3.58% drop is evident in the current ave
Morgan Stanley analyst John Glass maintains Sysco (NYSE:SYY) with a Equal-Weight and lowers the price target from $82 to $81.
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that Kevin Hourican, President and Chief Executive Officer of Sysco Corporation (NYSE:SYY), and David Elkins, Executive Vice President and Chief Financial Officer of Bristol Myers Squibb (NYSE:BMY), have been appointed to the Company's Board of Directors. The appointments of Mr. Hourican and Mr. Elkins to the Board bring the membership to eleven, including ten independent directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240229220934/en/Kevin Hourican (Photo: Business Wire) J
NEW YORK and PALM BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Trian Fund Management, L.P. (together with its affiliates, "Trian", "our" or "we"), which beneficially owns $3 billion of common stock in The Walt Disney Company (NYSE:DIS) ("Disney" or the "Company"), today submitted a notice of its intention to nominate two independent director candidates for election to the Disney Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"). Disney is one of the most iconic companies in the world with unrivaled scale, unparalleled customer loyalty, irreplaceable intellectual property ("IP"), and an enviable commercial flywheel. However,
HOUSTON, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, launched its One Planet. One Table. assortment, the foodservice industry's largest offering of certified and sustainably focused products. The Sysco One Planet. One Table. assortment includes over 3,000 items across 15 categories that are: Backed by one of 20+ leading sustainability certifications and standards, Included in Sysco's sustainability commitments for seafood or fresh produce, or Plant-based alternative proteins. "At Sysco, we're taking action to protect the health of our one and only planet. We have a growing market of customers looking for mo
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