SYY Stock Summary and Trading Ideas (Sysco | NYSE:SYY)

Sysco is the largest U.S. foodservice distributor with 17% share of the highly fragmented $350 billion domestic market. Sysco distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2023 revenue), education and government buildings (8%), travel and leisure (8%), healthcare facilities (7%) and other locations (15%) where individuals consume away-from-home meals. In fiscal 2023, 70% of the firm's revenue was derived from its U.S. foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments made up the difference.

Sysco trades on the NYSE stock market under the symbol SYY.

As of April 25, 2024, SYY stock price declined to $77.07 with 2,183,747 million shares trading.

SYY has a beta of 0.45, meaning it tends to be less sensitive to market movements. SYY has a correlation of 0.09 to the broad based SPY ETF.

SYY has a market cap of $38.91 billion. This is considered a Large Cap stock.

Last quarter Sysco reported $19 billion in Revenue and $.89 earnings per share. This fell short of revenue expectation by $-52 million and exceeded earnings estimates by $.01.

In the last 3 years, SYY stock traded as high as $91.53 and as low as $62.24.

The top ETF exchange traded funds that SYY belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

SYY has underperformed the market in the last year with a return of +4.7%, while the SPY ETF gained +23.6%. In the last 3 month period, SYY fell short of the market, returning +3.4%, while SPY returned +4.1%. However, in the most recent 2 weeks SYY has outperformed the stock market by returning +0.1%, while SPY returned -2.1%.

SYY support price is $76.51 and resistance is $78.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SYY stock will trade within this expected range on the day.