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

Sysco is the largest US foodservice distributor with 17% share of the highly fragmented $370 billion domestic market. It distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2024 revenue), education and government buildings (7%), travel and leisure (6%), healthcare facilities (7%), and other locations (18%) where individuals consume away-from-home meals. In fiscal 2024, 70% of the firm's revenue was derived from its US foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments contributed the rest.

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

As of December 12, 2024, SYY stock price declined to $79.76 with 1,668,079 million shares trading.

SYY has a beta of 0.02, meaning it tends to be less sensitive to market movements. SYY has a correlation of 0.00 to the broad based SPY ETF.

SYY has a market cap of $39.20 billion. This is considered a Large Cap stock.

Last quarter Sysco reported $20 billion in Revenue and $1.09 earnings per share. This beat revenue expectation by $24 million and missed earnings estimates by -$.04.

In the last 3 years, SYY 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, VO, SPY, IVV.

SYY has underperformed the market in the last year with a return of +10.6%, while the SPY ETF gained +32.3%. In the last 3 month period, SYY fell short of the market, returning +5.3%, while SPY returned +9.3%. However, in the most recent 2 weeks SYY has outperformed the stock market by returning +4.1%, while SPY returned +0.9%.

SYY support price is $79.27 and resistance is $81.44 (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 shares will trade within this expected range on the day.