How to Buy Sysco Stock
Sysco Corp
Sysco is a food distribution company located in Texas, United States, which is part of the Consumer Defensive sector, and is traded under the ticker SYY on the NYSE exchange.
Sysco stock last closed at $80.35, down 0.58% from the previous day, and has increased 8.68% in one year. It has overperformed other stocks in the Food Distribution industry by 0.03 percentage points. Sysco stock is currently +16.4% from its 52-week low of $69.03, and -3.06% from its 52-week high of $82.89.
There are currently 491.23M SYY shares outstanding. The market capitalization of SYY is $39.47B. In the last 24 hours, 2.08M SYY shares were traded.
How to Buy Sysco Stock
Wondering how to invest in Sysco stock? Here's how.
- Decide where to buy Sysco stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Sysco stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your payment method and add your information.
- Evaluate Sysco stock: The Sysco ticker symbol is SYY. Is Sysco stock a good investment? Should you buy shares of SYY? How do SYY's underlying business fundamentals look? Do top analysts think Sysco is a good buy? Why has SYY's stock price moved recently? (Hint: Our stock research website can help you evaluate if SYY is a good stock to buy).
- Make your SYY purchase: Decide if you will purchase SYY shares at the current market price or use a limit order to buy SYY stock at a particular price.
- Monitor your SYY position: Create a watchlist to get the latest news on your new investment in Sysco shares.
Step 1: Decide where to buy Sysco stock
You will need an online brokerage account in order to access the NYSE market and buy SYY stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal details so you can buy SYY today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have finished signing up on the best stock trading app for beginners, you can securely and quickly fund your account:
Watch the video below if you need help depositing money into your new investment account.
Step 4: Evaluate Sysco stock
After you have figured out the best place to buy Sysco stock, it's crucial to research their stock before you invest, so you can comprehend the risk as well as the opportunity.
Sysco stock quick numbers
Sysco Due Diligence Score
WallStreetZen was built to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SYY's stock page.
What is the fair value of SYY stock?
Investors use many financial metrics, analyses, models, and charts to gauge SYY's intrinsic value.
Using relative valuations ratios:
- SYY may be undervalued based on its P/E ratio of 20.6x, relative to Food Distribution industry P/E ratio of 23.38x
- SYY may be overvalued based on its P/B ratio of 17.88x, relative to Food Distribution industry P/B ratio of 4.68x
- SYY could be overvalued based on its PEG ratio of 1.85x
You can do more valuation analysis on SYY's stock here.
SYY Financial Health
Signs that SYY is financially healthy:
- There are more short-term assets than short-term liabilities on the SYY balance sheet.
- SYY earnings of $3.18B is not enough to cover its interest payments.
- SYY's operating cash flow of $2.95B allows it to safely service it's debt of $13.41B.
Signs that SYY is not financially healthy:
- SYY has a relatively high debt to equity ratio of 10.73.
- There are more long-term liabilities than short-term assets on the SYY balance sheet.
- SYY profit margin of X% has stayed the same in the past year.
- Total SYY debt is higher than 5 years ago, relative to shareholder equity.
Is SYY stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 7 Equities analysts who give recommendations on SYY, the consensus analyst rating on SYY is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent SYY Analyst Upgrades/Downgrades
John Glass, a top 35% analyst from Morgan Stanley maintains SYY with a hold rating and lowers their SYY price target from $82.00 to $81.00, on Jul 16, 2024.
Jake Bartlett, a top 2% analyst from Truist Securities maintains SYY with a strong buy rating and lowers their SYY price target from $87.00 to $85.00, on Jun 24, 2024.
You can dig deeper into what analysts are forecasting on the Sysco stock forecast page.
SYY Technical Indicators
SYY Revenue
Last year, SYY earnings were $1.94B. During the last 5 year, SYY's earnings have increased by 3.4% per year. This was slower than the Food Distribution industry average of 5.29%.
Last year, SYY revenue was $79.71B. Over the last 5 year, SYY's revenue has gone up by 5.77% per year. This was slower than the Food Distribution industry average of 9.87%.
Dig into SYY's earnings and revenue performance here.
Latest Insiders Trades at SYY
In the past 12 months, insiders at SYY have bought more shares than they have sold.
Greg D. Bertrand, EVP of SYY, was the latest SYY insider to sell. They sold $1,747,520.00 worth of SYY shares on Dec 4, 2024.
Dig into more about who owns SYY shares here.
Can I rely on SYY as an income stream?
Sysco pays a dividend of 2.51%, compared to the Food Distribution industry's average dividend yield of 2.04%. If you owned $1,000 worth of SYY stock, you would have received $25.14 in the past 12 months.
Sysco dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Sysco dividend yield and history here.
What others are saying about SYY
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your SYY purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price limit, use a limit order.
Hit the Open button and eToro will execute the order.
If you need more help buying stocks on eToro, click the helpful video below:
Step 6: Monitor your SYY position
Now that you own some shares in SYY, you'll want to keep up with your new shares.
Make a watchlist to keep track of your SYY stock.
SYY Feed
How to Buy Stock in Sysco
To reiterate, here are the 6 steps you need to take to buy Sysco stock right now:
- Decide where to buy Sysco stock
- Create a brokerage account
- Deposit funds into your investment account
- Evaluate Sysco stock
- Make your SYY purchase
- Monitor your SYY position
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your new investment in Sysco, add SYY to your watchlist by clicking the button below.
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