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Sysco Corporation

SYY · NYSE

Market closed$81.69$-0.560000 (-0.68%)After hours $81.98 · +0.36%

Key statistics

Previous close$82.25
Open$83.00
Day high$84.10
Day low$81.14
52-week high$91.85
52-week low$68.19
Market cap39.06B
Volume2.75M
Average volume3.69M
P/E ratio17.91
Forward P/E11.77
EPS4.56
Dividend yield+2.66%

Market context

Why it moved

Sysco shares declined modestly amid a broadly negative market environment driven by sharply lower futures, rising geopolitical tensions, and growing Fed rate-hike concerns ahead of the July 28-29 meeting, which weighed on defensive consumer staples stocks despite the company's stable foodservice fundamentals.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Sysco shares closed modestly lower, underperforming the consumer staples sector (XLP), which edged higher on the day as investors rotated into defensive names amid escalating U.S.-Iran tensions and a tech-driven market selloff. The foodservice distributor is trading near analyst consensus targets ahead of its Q4 fiscal 2026 earnings call scheduled for August 4, with Morgan Stanley recently lifting its price target to $88 and analysts holding a consensus Hold rating. Mixed institutional activity and a slight Q3 EPS miss continue to weigh on sentiment, though insider buying and a raised quarterly dividend to $0.55/share signal management confidence.

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July 17, 2026Sysco closed nearly 2% higher, outperforming the broader S&P 500 as investors rotated into defensive consumer staples amid a tech-led market selloff driven by global chip stock weakness. The XLP consumer staples ETF surged ~2.6% on the session, and Sysco benefited from the defensive bid alongside peers like Coca-Cola and Philip Morris. Investor attention is building ahead of Sysco's Q4 and full-year fiscal 2026 earnings call scheduled for August 4, while Morgan Stanley recently raised its price target to $88 (maintaining Equal-Weight) and multiple institutions have been adding to positions.

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July 16, 2026Sysco shares fell on July 15, underperforming the broader market as the S&P 500 closed near record highs, weighed down by sector headwinds and a fresh analyst action. Morgan Stanley raised its price target on Sysco to $88 from $84 while maintaining an Equalweight rating, but a July 7 downgrade from Melius Research to Sell added pressure. The food distribution industry ranks in the bottom 13% of Zacks industries, with uneven foodservice demand and value-conscious consumer spending limiting pricing flexibility. Investors are now eyeing Sysco's Q4 and full-year fiscal 2026 earnings call, scheduled for August 4, as the next major catalyst, after the company's most recent quarter narrowly missed EPS and revenue estimates.

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July 15, 2026Sysco closed modestly lower as a recent Melius Research downgrade to 'sell' and broader food industry headwinds weigh on investor sentiment. The foodservice distributor is also navigating a mixed Q3 earnings backdrop — EPS of $0.94 narrowly missed estimates and revenue of $20.52B came in slightly below expectations, though it still rose 4.7% year over year. With its Q4 fiscal 2026 earnings call scheduled for Aug. 4 and a dividend hike to $0.55/quarter, the stock trades well below its consensus analyst target of $88.15, while after-hours pressure intensified as the consumer staples sector (XLP) edged higher.

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July 14, 2026Sysco closed modestly lower as broader market weakness — driven by surging oil prices tied to renewed U.S.-Iran tensions and a tech/chip selloff — weighed on equities. The consumer defensives sector (XLP) also softened, offering little shelter. Investor attention remains on a mixed Q3 earnings backdrop: Sysco last reported Q3 EPS of $0.94, slightly below estimates, while revenue rose 4.7% YoY. A recent downgrade to Sell from Melius Research adds a cautious note, though the consensus remains Hold with an $88.15 average target, and the upcoming $0.55 quarterly dividend (payable July 24) and notable institutional accumulation provide some support.

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July 11, 2026Sysco closed up roughly 2% as a combination of company-specific catalysts and broader market dynamics supported the foodservice distribution giant. The company recently raised its quarterly dividend to $0.55 per share — payable July 24 — and director John M. Hinshaw made a notable $1 million insider purchase in late May, both signaling management confidence. Meanwhile, continued institutional accumulation and a consensus analyst price target of $88.15 provide a constructive backdrop, even as the sector contends with PepsiCo's warning of tightening U.S. consumer budgets and Middle East geopolitical uncertainty.

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July 10, 2026Sysco shares declined, underperforming slightly against the broader consumer staples sector (XLP also closed lower) as renewed U.S.-Iran military exchanges rattled markets and pushed oil prices higher, raising inflation concerns that weigh on foodservice distributors' cost structures. Adding to the cautious tone, Deutsche Bank adjusted its Sysco price target to $86 (from $84) while the analyst consensus sits at 'Hold' with an average target of $88.15 — reflecting a mixed view following Sysco's most recent quarterly earnings that narrowly missed estimates. On the positive side, Sysco raised its quarterly dividend to $0.55/share and peer Performance Food Group hit a new 52-week high, signaling resilience in the food distribution space.

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July 9, 2026Sysco closed modestly lower even as broader defensive and consumer staples sectors attracted inflows amid a sharp rotation out of technology and semiconductors. The session was dominated by escalating U.S.-Iran tensions after President Trump declared the ceasefire 'over,' sending oil prices surging over 5% intraday and triggering a broad risk-off move. While consumer staples saw relative inflows, Sysco underperformed the defensive playbook — weighed by company-specific headwinds including mixed Q3 FY26 earnings (EPS of $0.94 missed estimates by a penny on slightly below-consensus revenue) and a series of analyst price target cuts from Barclays, Bernstein, and others. The stock's pending $29.1B Restaurant Depot acquisition — transformative but leverage-heavy — and its peer Performance Food Group hitting a fresh 52-week high with a TD Cowen upgrade to Strong Buy may also have sharpened the contrast in investor sentiment within food distribution.

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Reuters · July 17, 2026Taylor Farms, Sysco pull iceberg lettuce from central Mexico linked to US parasite outbreakInvesting.com · July 17, 2026Taylor Farms, Sysco pull iceberg lettuce from central Mexico linked to US parasite outbreak By ReutersGlobeNewswire · July 14, 2026Sysco to Announce Fourth Quarter and Fiscal Year 2026 Financial Results on August 4Stock Titan · July 14, 2026Sysco's Fiscal 2026 Update Will Stream Live on Aug. 4TradingView · July 3, 2026Sysco presents investor deck on proposed acquisition of JRD Unico and Warehouse Realty, outlines $250M synergies and de-leveraging planQuiver Quantitative · April 17, 2026Sysco Corporation Increases Quarterly Cash Dividend to $0.55 per ShareStock Titan · April 7, 2026Sysco will post Q3 results before an April 28 investor webcastGlobeNewswire · March 30, 2026Sysco to Acquire Jetro Restaurant Depot to Expand into Higher-Margin, Growing, and Resilient Cash & Carry Channel
Benzinga · July 17, 2026Taylor Farms Began Calling Customers Including Yum Brands, Sysco Yesterday To Pull Their Shredded Lettuce Out Of Distribution; Industry Source Said "I Think We Will Ultimately Find More Products, More Illnesses That Tie Back To Taylor Farms"; Lettuce That FDA Said In Advisory Late Thursday Came From 5-lb. Bags Produced At Taylor Farms' Facility In Guanajuato, Mexico
Benzinga · July 16, 2026Morgan Stanley Maintains Equal-Weight on Sysco, Raises Price Target to $88
Mt Newswire · July 15, 2026Morgan Stanley Raises Price Target on Sysco to $88 From $84, Keeps Equalweight Rating
Mt Newswire · July 9, 2026Deutsche Bank Adjusts Sysco Price Target to $86 From $84
Benzinga · July 2, 2026Reported Earlier, Guest Supply Asia Signs Licensing Agreement With HAAN To Manufacture And Distribute Personal Care Products Across Asia Pacific
Mt Newswire · June 30, 2026Sysco Awarded Up to $281 Million US Navy Food Contract
Benzinga · May 28, 2026Sysco Director Makes $1.00M Stock Purchase
Mt Newswire · May 1, 2026Research Alert: CFRA Keeps Hold Opinion On Shares Of Sysco Corporation

Peers

S&P 500SPX · $7,457.78-1.01%US Foods Holding Corp.USFD · $97.27-1.88%Performance Food Group CoPFGC · $111.76-1.25%The Chefs' Warehouse, Inc.CHEF · $97.09-5.15%United Natural Foods, Inc.UNFI · $49.10-2.17%Flowers Foods, Inc.FLO · $8.49-1.85%Pilgrim's Pride CorporationPPC · $29.11+0.34%Inter Parfums, Inc.IPAR · $123.23+0.42%PepsiCo, Inc.PEP · $137.12-1.66%The Coca-Cola CompanyKO · $81.56-3.96%Walmart Inc.WMT · $114.24-0.62%Starbucks CorporationSBUX · $105.49-2.66%