<div id="readability-page-1"><p>Accurate Wealth Management LLC acquired a new position in shares of  Sysco Corporation (NYSE:SYY - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities &amp; Exchange Commission. The institutional investor  acquired 31,153 shares of the company's stock, valued at approximately $2,497,000.</p><ul><li>3 Defensive Stock Alternatives to Bonds If Interest Rates Drop</li></ul><p>A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vident Advisory LLC increased its holdings in  Sysco by 58.9% during the 1st quarter. Vident Advisory LLC now owns 13,825 shares of the company's stock worth $1,038,000 after purchasing an additional 5,126 shares during the period.  Quarry LP purchased a new position in shares of  Sysco in the 1st quarter valued at about $88,000.  Graham Capital Management L.P. acquired a new position in shares of  Sysco during the first quarter worth about $1,022,000.  EP Wealth Advisors LLC grew its position in shares of  Sysco by 34.9% during the first quarter. EP Wealth Advisors LLC now owns 20,517 shares of the company's stock worth $1,540,000 after buying an additional 5,303 shares in the last quarter.  Finally, Amundi increased its stake in shares of  Sysco by 36.5% during the first quarter. Amundi now owns 3,725,508 shares of the company's stock worth $280,941,000 after buying an additional 995,498 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of brokerages recently issued reports on SYY. Guggenheim lifted their price target on shares of Sysco from $87.00 to $89.00 and gave the stock a &#34;buy&#34; rating in a research note on Monday, October 6th. Piper Sandler decreased their price objective on shares of Sysco from $81.00 to $80.00 and set a &#34;neutral&#34; rating for the company in a research report on Friday, December 12th. Wall Street Zen downgraded shares of Sysco from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, October 25th. Weiss Ratings  reissued a &#34;hold (c+)&#34; rating on shares of Sysco in a report on Monday. Finally, Sanford C. Bernstein initiated coverage on Sysco in a report on Wednesday, October 22nd. They set a &#34;market perform&#34; rating and a $83.00 price target for the company. Eight analysts have rated the stock with a Buy rating and five have assigned  a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $85.92.</p><ul><li>Today’s market could make Sysco stock break out, will it?</li></ul><p><b>Check Out Our Latest Analysis on Sysco</b></p><h2>Sysco Stock Performance</h2><p>NYSE SYY opened at $73.72 on Thursday. The company has a fifty day moving average of $74.80 and a two-hundred day moving average of $77.75. The company has a market capitalization of $35.30 billion, a PE ratio of 19.76, a P/E/G ratio of 2.44 and a beta of 0.61. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $83.47. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.65. </p><ul><li>Are defensive sectors ready to outshine growth in 2024?</li></ul><p>Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.03. The business had revenue of $21.15 billion during the quarter, compared to the consensus estimate of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS.  As a group, analysts expect that  Sysco Corporation will post 4.58 earnings per share for the current year. </p><h2>Sysco Dividend Announcement</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 2nd will be paid a $0.54 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. Sysco's payout ratio is currently 57.91%. </p><h2>Sysco Profile</h2> (Free Report)<p>Sysco Corporation <span>NYSE: SYY<span></span></span> is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.  </p><p>Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Sysco</li><li>The Best $1 You'll Spend This Holiday Season</li><li>Holiday surprise: $1 gets you everything</li><li>America’s “most deplorable” Christmas sale</li><li>Market Panic: Trump Just Dropped a Bomb on Your Stocks</li><li>Your family's wealth expires in 2026?</li></ul><p><strong>Want to see what other hedge funds are holding SYY?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sysco Corporation (NYSE:SYY - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNZWQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNZWQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Sysco Right Now?</h2><p>Before you consider Sysco, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sysco wasn't on the list.</p><p>While Sysco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Accurate Wealth Management LLC has invested approximately $2.50 million in Sysco Corporation (NYSE:SYY), acquiring 31,153 shares during Q3. Other institutional investors have also increased their stakes in Sysco. Analysts have mixed ratings on the stock, with a current average rating of "Moderate Buy" and a price target of $85.92. Sysco recently reported earnings of $1.15 per share, exceeding estimates, and announced a quarterly dividend of $0.54, yielding 2.9%.</p>

Accurate Wealth Management LLC Makes New $2.50 Million Investment in Sysco Corporation $SYY