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Institutional Ownership Dominates Sysco Corporation, Impacts Share Price

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Institutional investors, who control 83% of the shares in Sysco Corporation (NYSE:), have a significant influence on its share price and board decisions. The company’s past earnings trajectory has become a valuable source of insight for individual and professional investors due to potential market implications.

Sysco, a company included in major indices, is closely watched by these institutions as they benchmark their performance. A misstep in their investments can trigger large-scale sell-offs, leading to severe drops in Sysco’s share price.

Among the institutional investors, The Vanguard Group, BlackRock (NYSE:), and State Street (NYSE:) Global Advisors are the largest shareholders of Sysco, holding stakes of 9.5%, 6.5%, and 4.8% respectively. Interestingly, hedge funds are noticeably absent from the list of significant investors in Sysco.

It’s worth noting that Sysco is a prominent player in the Consumer Staples Distribution & Retail industry and has a perfect Piotroski Score of 9, according to InvestingPro Tips. This score indicates that Sysco has a strong financial health and is an attractive investment opportunity. The company has also consistently increased its earnings per share and has raised its dividend for 8 consecutive years, demonstrating its commitment to return value to its shareholders.

InvestingPro data shows that Sysco’s market capitalization is $33.11 billion with a P/E ratio of 18.8. The company’s revenue for LTM2023.Q4 stood at $76,324.68 million, representing an 11.2% growth. The company’s gross profit for the same period was $13,952.43 million, translating to a gross profit margin of 18.28%. These figures underline Sysco’s strong financial performance.

In terms of future prospects, 4 analysts have revised their earnings downwards for the upcoming period, as per InvestingPro Tips. Despite this, Sysco’s stock is trading at a low P/E ratio relative to near-term earnings growth, which could indicate that the stock is undervalued. Investors might also want to note that Sysco’s stock is trading near its 52-week low, which could present a buying opportunity.

For more insights and tips like these, investors can check out the InvestingPro product that includes additional tips. There are 14 more tips available that can provide a deeper understanding of Sysco’s financial health and investment potential. to learn more about InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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