Sysco Corporation: Robust Volume Growth [Seeking Alpha]
Sysco Corporation (SYY)
Last sysco corporation earnings: 2/3 08:00 am
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US:NYSE Investor Relations:
investors.sysco.com
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Source: Seeking Alpha
The company offers a reliable dividend with a yield of 2.6% and a payout ratio of 47%. Sysco's recent financial results led to a 7.5% jump in stock price, and the author's valuation suggests a potential 25% increase from the current price. Investment Thesis Sysco Corporation ( NYSE: SYY ) is a Food Service business that has lagged the overall market over the past year. But I believe most of the upside is in front of the company with improving volume trends and margins that have recovered since COVID-19. The company also sports a reliable dividend yield of 2.6% with a payout ratio of 47%. SYY posted results on the 30th January and the price jumped 7.5%, where it has stayed trading at around $80. My valuation has SYY up 19% from today's price. Background SYY engages in the international selling of various foods primarily to the foodservice industry. The majority of revenues are generated from canned & dry foods, fresh and frozen meats, and frozen fruits and vegetables. They s
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SYY
News
- Sysco Co. (NYSE: SYY) had its price target lowered by analysts at Truist Financial Co. from $91.00 to $87.00. They now have a "buy" rating on the stock.MarketBeat
- Sysco Co. (NYSE: SYY) had its price target lowered by analysts at UBS Group AG from $92.00 to $87.00. They now have a "buy" rating on the stock.MarketBeat
- Sysco Co. (NYSE: SYY) had its price target lowered by analysts at Piper Sandler from $83.00 to $79.00. They now have a "neutral" rating on the stock.MarketBeat
- Sysco Corporation (NYSE:SYY) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Sysco to Host 2024 Investor DayGlobeNewswire
SYY
Earnings
- 4/30/24 - Beat
SYY
Sec Filings
- 5/1/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/30/24 - Form 8-K
- SYY's page on the SEC website