The Sysco Corporation has been the focus of numerous recent financial discussions. Analysts have agreed on a $85.77 average price target, but there are debates about whether now is ideal time to buy this food stock. While Q2 earnings were disappointing, strategies such as international growth have been highlighted. Many have suggested the company's institutional ownership at 86% makes it a promising choice among larger investors. However, performance has been mixed: Q1 earnings lagged, but sales were boosted by international growth. Sysco has not only missed earnings, but also witnessed its shares being sold by several investors including Huntington National Bank and Costello Asset Management INC. Moreover, several acquisitions have taken place such as by Empower Advisory Group LLC and Versor Investments LP. Despite such hiccups, the stock is considered a strong value and growth stock, and a top dividend stock. Sysco's FQ1 this year saw profits missing estimates but the Q4 earnings outperformed predictions. Sysco continues to move forward by expanding its board and planning for improvements in 2024.
Sysco Corporation SYY News Analytics from Tue, 30 Jan 2024 08:00:00 GMT to Sat, 16 Nov 2024 07:03:31 GMT - Rating 0 - Innovation 2 - Information 5 - Rumor -5
