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The Latest Breaking News from Sysco

3 Food Maker Stocks Showing Strong Growth and Value

Despite the macroeconomic headwinds, the food maker industry should stay afloat owing to the inelastic demand for food. Therefore, three fundamentally sound food maker stocks, Sysco Corp. (SYY), US Foods Holding Corp. (USFD), and SpartanNash Company (SPTN), showing strong growth and value, could be solid portfolio additions. Read more….

StockNews.com

Ask Lois travel questions: The best Fort Lauderdale chefs, and where to find ‘hidden gem’ restaurants

Q: We are returning to live in the area after spending years in Los Angeles. We love it here, but most restaurants taste the same. They taste like Sysco. The food tastes like it was frozen at some point. It’s lacking original flavor and the special touch you can taste…

Tribune News Service

3 Stocks That Thrive During Economic Uncertainty

With the Fed signaling to keep raising rates through this year, the threat of a recession is looming. Given an uncertain market backdrop, investors should buy fundamentally sound stocks, PepsiCo (PEP), Humana (HUM), and Sysco Corp. (SYY), that can generate steady returns. Read on….

StockNews.com

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3 Dividend Aristocrats to Buy Now for a Lifetime of Passive Income

The stock market has experienced wild swings this year amid the Fed’s battle to curb the multi-decade high inflation levels with its stringent interest rate hikes. This has raised recession fears, and many economists now foresee an economic downturn. Amid the market turbulence, investors could buy dividend aristocrats AbbVie (ABBV),…

StockNews.com

11 recession-resistant stocks to buy for 2023

Loyal customers and inflation-proof pricing power will help these companies pay off for investors even in a tough economy.

Fortune

New ‘Striketober’ looms as US walkouts increase amid surge in union activity

Support for unions is on the rise as workers take action to raise pay and conditions amid booming company profits

The Guardian - US

Herschel Walker sends mixed messages on minority-owned businesses

ATLANTA — On the website for Herschel Walker's food service company is a red seal: "Minority Business Enterprise."

Tribune News Service

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Sysco aims to create 90 jobs with plans for County Antrim distribution centre

The move will take headcount in Northern Ireland at the restaurant supplier to 230

Birmingham Post

Sysco accuses 4 largest beef processors of price fixing

The nation's largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices

The Independent UK

Analyzing Sysco's Short Interest

Sysco's (NYSE:SYY) short percent of float has fallen 16.08% since its last report. The company recently reported that it has 10.88 million shares sold short, which is 2.14% of all regular shares that are available for trading.

Benzinga

5 Dividend Aristocrats To Buy Now

Last week, the Fed raised its benchmark interest rates three-quarters of a percentage point, marking the most aggressive hike since 1994. And with analysts predicting the economy to slip into a recession, we think dividend aristocrats Abbott (ABT), AbbVie (ABBV), Genuine Parts (GPC), Johnson & Johnson (JNJ), and Sysco (SYY)…

StockNews.com

Analyst Ratings for Sysco

Within the last quarter, Sysco (NYSE:SYY) has observed the following analyst ratings:

Benzinga

Barclays Maintains Equal-Weight Rating for US Foods Hldg: Here's What You Need To Know

Barclays has decided to maintain its Equal-Weight rating of US Foods Hldg (NYSE:USFD) and lower its price target from $38.00 to $34.00. Shares of US Foods Hldg are trading down 3.66% over the last 24 hours, at $30.84 per share.

Benzinga

Sysco's Return On Capital Employed Insights

According to Benzinga Pro, during Q3, Sysco (NYSE:SYY) earned $303.32 million, a 81.15% increase from the preceding quarter. Sysco also posted a total of $16.90 billion in sales, a 3.57% increase since Q2.

Benzinga

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For May 26, 2022

Upgrades

InsideEVs

Sysco Intends To Buy Up To 800 Freightliner eCascadia

Sysco Corporation, a foodservice distribution company, announced its intention to purchase up to nearly 800 all-electric Freightliner eCascadia Class 8 tractors.

Benzinga

Sysco Looks To Transform Vehicle Fleet - Read How

Foodservice distribution company Sysco Corp (NYSE:SYY) has signed a Letter of Intent (LOI) with Daimler Truck North America (DTNA) for electric vehicle deployment. Under the agreement, Sysco will deploy up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026. The financial terms were not disclosed. The first eCascadia delivery is expected to arrive at Sysco's…

Benzinga

Analyst Ratings for Sysco

Within the last quarter, Sysco (NYSE:SYY) has observed the following analyst ratings:

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news in one place.

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Benzinga

Sysco Shares Pop On Q3 Beat, Raised FY22 Outlook

Sysco Corp (NYSE:SYY) reported third-quarter FY22 sales growth of 42.9% year-on-year to $16.90 billion, beating the consensus of $15.91 billion. The U.S. Foodservice operations sales rose 43.6% Y/Y, and International Foodservice sales grew 64.5%. Gross profit increased 42% Y/Y to $3.0 billion, and the gross margin fell 12 basis points to 17.8%. The…

Benzinga

Sysco: Q3 Earnings Insights

Sysco (NYSE:SYY) reported its Q3 earnings results on Tuesday, May 10, 2022 at 08:00 AM. Here's what investors need to know about the announcement. Earnings Sysco beat estimated earnings by 29.09%, reporting an EPS of $0.71 versus an estimate of $0.55.

Benzinga

Preview: Sysco's Earnings

Sysco (NYSE:SYY) is set to give its latest quarterly earnings report on Tuesday, 2022-05-10. Here's what investors need to know before the announcement. Analysts estimate that Sysco will report an earnings per share (EPS) of $0.55.

Benzinga

What 5 Analyst Ratings Have To Say About Sysco

Sysco (NYSE:SYY) has observed the following analyst ratings within the last quarter:

StockNews.com

Better Buy for 2022: US Foods vs. Sysco

Despite rising food prices and deepening supply chain disruptions, the growing demand for fresh and frozen food products should benefit food distribution companies Sysco (SYY) and US Foods (USFD). But which of these stocks is a better buy now? Read more to find out.

StockNews.com

Take Advantage of the Dip and Buy These 3 Dividend Aristocrats in the Consumer Staples Sector

The Russia-Ukraine war has led to heightened volatility in the stock market. The consumer staples sector faces a persistent demand, making them decline less during bear markets. Therefore, it could be worth buying the dip in consistent dividend-paying stocks in the consumer staples sector Colgate-Palmolive (CL), Sysco Corporation (SYY), and…

Benzinga

What 7 Analyst Ratings Have To Say About Sysco

Over the past 3 months, 7 analysts have published their opinion on Sysco (NYSE:SYY) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

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