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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 $79.96, down 1.25% from the previous day, and has increased 6.49% in one year. It has underperformed other stocks in the Food Distribution industry by 0.01 percentage points. Sysco stock is currently +28.48% from its 52-week low of $62.24, and -3.53% from its 52-week high of $82.89.

There are currently 497.83M SYY shares outstanding. The market capitalization of SYY is $39.81B. In the last 24 hours, 2.21M SYY shares were traded.

How to Buy Sysco Stock

Wondering how to invest in Sysco stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Pick your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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Step 3: Deposit funds into your investment account

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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

SYY Price
$79.96
1w %
-1.06%
1y %
6.49%
5y %
18.32%
P/E
19.41x
P/B
16.56x
P/S
0.52x
PEG
1.38x
Revenue
$77.51B
Earnings
$2.08B
Fore. Rev. Growth
3.51%
Fore. Earn. Growth
14.06%
Market Cap
$39.81B
Next Earnings
Apr 30, 2024
Next Dividend
Apr 26, 2024

Sysco Zen 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 overvalued based on its P/E ratio of 19.41x, relative to Food Distribution industry P/E ratio of 17.79x
  • SYY may be overvalued based on its P/B ratio of 16.56x, relative to Food Distribution industry P/B ratio of 4.3x
  • SYY could be overvalued based on its PEG ratio of 1.38x

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 $3.27B is not enough to cover its interest payments.
  • SYY profit margin has gone up from 1.9% to 2.7% in the past year.
  • SYY's operating cash flow of $3.22B allows it to safely service it's debt of $12.97B.

Signs that SYY is not financially healthy:

  • Total SYY debt is higher than 5 years ago, relative to shareholder equity.
  • SYY has a relatively high debt to equity ratio of 9.29.
  • There are more long-term liabilities than short-term assets on the SYY balance sheet.

Is SYY stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 8 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 18% analyst from Morgan Stanley maintains SYY with a hold rating and raises their SYY price target from $75.00 to $76.00, on Nov 1, 2023.

Edward Kelly, a top 8% analyst from Wells Fargo maintains SYY with a strong buy rating and announces their SYY price target of $80.00, on Oct 31, 2023.

Brian Mullan, a top 6% analyst from Deutsche Bank initiates coverage on SYY with a strong buy rating and announces their SYY price target of $75.00, on Oct 19, 2023.

You can dig deeper into what analysts are forecasting on the Sysco stock forecast page.

SYY Technical Indicators

SMA10
80.31
SMA20
80.1
SMA50
77.23
SMA100
73.03
SMA200
72.33
MACD
0.94
MACD Signal
1.07
MACD Histogram
-0.13
RSI
55.4
Stochastic %K
67.76
Stochastic %D
76.92
StochRSI %K
43.47
StochRSI %D
65.59

SYY Revenue

Last year, SYY earnings were $2.08B. During the last 5 year, SYY's earnings have increased by 7.72% per year. This was faster than the Food Distribution industry average of 7.27%.

Last year, SYY revenue was $77.51B. Over the last 5 year, SYY's revenue has gone up by 5.38% per year. This was slower than the Food Distribution industry average of 10.7%.

Dig into SYY's earnings and revenue performance here.

Latest Insiders Trades at SYY

In the past 12 months, insiders at SYY have sold more shares than they have bought.

Daniel J. Brutto, Director of SYY, was the latest SYY insider to buy. They bought $16,214.88 worth of SYY shares on Dec 29, 2023.

Dig into more about who owns SYY shares here.

Can I rely on SYY as an income stream?

Sysco pays a dividend of 2.49%, compared to the Food Distribution industry's average dividend yield of 2.87%. If you owned $1,000 worth of SYY stock, you would have received $24.89 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

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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.

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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:

  1. Decide where to buy Sysco stock
  2. Create a brokerage account
  3. Deposit funds into your investment account
  4. Evaluate Sysco stock
  5. Make your SYY purchase
  6. Monitor your SYY position

If you require a place to buy stocks, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your new investment in Sysco, add SYY to your watchlist by clicking the button below.

NYSE: SYY
$79.96-1.01 (-1.25%)
Updated Mar 1, 2024
Open eToro Account
NYSE: SYY
$79.96-1.01 (-1.25%)
Updated Mar 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Sysco share?

As of Mar 1, 2024, it costs $79.96 to buy one share of Sysco stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.125 shares of SYY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Sysco stock?

According to 8 Wall Street analysts who monitor Sysco, their consensus recommendation is to buy Sysco stock.

What is the best way to buy Sysco stock?

One way to place an order for Sysco stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.