Sysco Corporation (SYY) has been witnessing significant
earnings growth, prompting numerous investment groups to initiate or expand positions.
Alaska Permanent Fund Corp, Marcum Wealth LLC, Wedmont Private Capital, GAMMA Investing LLC, and Fairman Group LLC are among the wealth management entities that have made substantial investments in the company. Despite a recent share sell-off by
Banque Cantonale Vaudoise, Bank of New Hampshire, and
American International Group Inc., the firm's position remains strong given
dividend increases and
Earnings that exceed expectations. However, investors need to consider the imminent ex-dividend date. Institutional ownership stands at an impressive 83-85%, demonstrating the firm's favorability among major investors. Despite grappling with cost inflation and soft industry trends, Sysco continues to ride on its
Recipe for Growth and strategic acquisitions. Nevertheless, it's noted that the company is somewhat exposed to risk due to its debt. The company reported a strong Q2 and Q3 performance, outpacing market gains. However, investors who bought Sysco stocks three years ago have incurred a 5.7% loss. One can anticipate future developments from the forthcoming Q3 earnings report scheduled for April 30 and the 2024 Investor Day.
Sysco Corporation SYY News Analytics from Fri, 01 Sep 2023 07:00:00 GMT to Sun, 23 Jun 2024 13:01:08 GMT -
Rating 4
- Innovation 0
- Information 6
- Rumor 2
