Latest news with #SyscoCorporation
Yahoo
4 days ago
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Sysco's One Planet One Table Helps Choose a Better Future for Food During Earth Month
NORTHAMPTON, MA / / June 5, 2025 / Originally published on April 22nd, 2025 on LinkedIn A better brew for a better world! Our Rainforest Alliance Certified 100% Colombian coffee, part of Sysco's One Planet. One Table. assortment, supports social, economic, and environmental sustainability-so you can sip with purpose. With over 3,500 items across 15 categories, One Planet. One Table. is leading the way in sustainable foodservice. When you choose Sysco, you choose a better future for food. Happy Earth Day! About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 76,000 colleagues, the company operates 340 distribution facilities worldwide and serves approximately 730,000 customer locations. For fiscal year 2024 that ended June 29, 2024, the company generated sales of more than $78 billion. Information about our Sustainability program, including Sysco's 2023 Sustainability Report and 2023 Diversity, Equity & Inclusion Report, can be found at For more information, visit or connect with Sysco on Facebook at For important news and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information. View original content here. View additional multimedia and more ESG storytelling from Sysco Corporation on Contact Info:Spokesperson: Sysco CorporationWebsite: info@ SOURCE: Sysco Corporation View the original press release on ACCESS Newswire Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
17-04-2025
- Business
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Will Sysco Corporation (SYY) be Able to Reinvigorate Growth?
Oakmark Funds, advised by Harris Associates, released its 'Oakmark Global Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund's investor class returned 4.39% in the quarter compared to a -1.79% return for the MSCI World Index (net). The fund generated a 9.10% return since its inception compared to the index's 6.21% return over the same period. The largest contributors at the sector level were financials and health care, while the largest detractors were communication services and materials. In addition, you can check the top 5 holdings of the fund to know its best picks in 2025. In its first-quarter 2025 investor letter, Oakmark Global Fund highlighted stocks such as Sysco Corporation (NYSE:SYY). Sysco Corporation (NYSE:SYY) markets and distributes various food and related products to the food service or food-away-from-home industry. The one-month return of Sysco Corporation (NYSE:SYY) was 2.35%, and its shares lost 6.30% of their value over the last 52 weeks. On April 16, 2025, Sysco Corporation (NYSE:SYY) stock closed at $70.69 per share with a market capitalization of $34.584 billion. Oakmark Global Fund stated the following regarding Sysco Corporation (NYSE:SYY) in its Q1 2025 investor letter: "Sysco Corporation (NYSE:SYY) is one of the largest food service distribution companies globally. We appreciate that food service distribution is a stable industry that has historically grown slightly faster than food spending. This is because of a continued secular shift to food away from home and that scale-advantaged companies, like Sysco, benefit from better procurement terms from suppliers and demonstrate high operational efficiency. Recently, growth in the company's largest and most profitable customer segment, independent restaurants, has slowed, but Sysco is increasing headcount and changing compensation incentives in its salesforce, which we think will reinvigorate growth and prove beneficial for long-term shareholders. In our view, Sysco remains a high-quality company with a credible management team, so we were happy to purchase shares at a discount to peers and the company's own historical trading multiple." A butcher shop showcasing fresh meats and seafood for customers. Sysco Corporation (NYSE:SYY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held Sysco Corporation (NYSE:SYY) at the end of the fourth quarter which was 32 in the previous quarter. Sysco Corporation (NYSE:SYY) delivered over $20 billion of total revenue in the fiscal second quarter of 2025, a growth of 4.5% versus fiscal 2024 Q2. While we acknowledge the potential of Sysco Corporation (NYSE:SYY) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Sysco Corporation (NYSE:SYY) in another article, where we shared the list of best high yield stocks for a dividend capture strategy. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
16-04-2025
- Business
- Yahoo
Sysco 2024 Sustainability Report: Responsibly Managing Pests
NORTHAMPTON, MA / / April 16, 2025 / Originally published in Sysco's 2024 Sustainability Report Now in its 20th year, Sysco's Integrated Pest Management (IPM) program encourages responsible growing practices. This includes using pesticide and nutrient inputs responsibly, conserving energy and water, and minimizing waste. It applies to Sysco Brand canned and frozen foods, such as frozen fruits, vegetables and potatoes. As of FY2024, the program included more than 17,600 growers and 59 suppliers covering more than 1 million acres of field. Overall, growers who applied IPM principles reported avoiding 6.1 million pounds of pesticides throughout the growing season. About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 76,000 colleagues, the company operates 340 distribution facilities worldwide and serves approximately 730,000 customer locations. For fiscal year 2024 that ended June 29, 2024, the company generated sales of more than $78 billion. Information about our Sustainability program, including Sysco's 2023 Sustainability Report and 2023 Diversity, Equity & Inclusion Report, can be found at For more information, visit or connect with Sysco on Facebook at For important news and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information. To learn more about Sysco's commitment to sustainability, visit our webpage For full details about Sysco's 2024 Sustainability Report, visit here. View additional multimedia and more ESG storytelling from Sysco Corporation on Contact Info:Spokesperson: Sysco CorporationWebsite: info@ SOURCE: Sysco Corporation View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
10-04-2025
- Business
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Sysco, NextEra Energy Resources Celebrate the Groundbreaking on Oklahoma Solar Project
The Rumble Solar Energy Center in Grady County, Oklahoma will create 300 construction jobs and bring an estimated $32 million in tax revenue to the county HOUSTON, TX / / April 10, 2025 / Originally published on April 10, 2025 on Sysco Corporation, the world's largest food distributor, and NextEra Energy Resources, LLC, one of the country's largest energy infrastructure developers, celebrated the groundbreaking of the Rumble Solar Energy Center in Oklahoma. Once operational, Rumble Solar, LLC, a subsidiary of NextEra Energy Resources, will generate approximately $32 million in additional tax revenue over 30 years for the community. The project represents a potential $334 million investment in the local community and will generate 250-megawatts of renewable energy, making it one of the largest solar sites serving the food service industry. The energy generated equals 75% of Sysco's national power usage including 100% of Sysco Oklahoma's total electric load. Rumble Solar will create approximately 300 jobs at the peak of construction, bringing increased activity and revenue to the local area, highlighting the project's significant investment in Oklahoma's energy infrastructure. "This is another example of our commitment to operating in a manner that is responsive to the expectations of the communities and customers we serve while also fulfilling our own business goals," said Sysco Chief Merchandising Officer and Senior Vice President Victoria Gutierrez. This project ticks several of our goals by decreasing our emissions each year by 16%, while also creating additional jobs and increasing tax revenue for a community we serve," Gutierrez added. Sysco's climate goal aims to lower Scope 1 and 2 emissions by 27.5% by 2030. An important element of reaching this goal includes sourcing 100% renewable electricity for the company's global operations by 2030. The company will reduce its Scope 2 emissions and decrease electricity costs for the company as we transform into both a seller and buyer of power. "We're excited to continue working alongside Sysco and helping them reach their sustainability goals," said Anthony Pedroni, vice president of development at NextEra Energy Resources. "Once operational, Rumble Solar will deliver immense benefits not only to Sysco, but to Grady County, the surrounding community, and the state of Oklahoma. The Rumble Solar Energy Center is NextEra Energy Resources' second solar project to begin construction in Oklahoma and is expected to be operational by the end of 2026. The company's subsidiaries currently operate 19 wind energy facilities and three battery energy storage facilities in the state. During the event, Sysco Corporation and Rumble Solar presented $10,000 donations to the Regional Food Bank of Oklahoma and Minco Schools, respectively. The funds to Minco Schools will support the Agricultural Education and Family Consumer Sciences departments. The funds to the Regional Food Bank of Oklahoma will be allocated to their Backpack Program Initiative, which provides meals to children in need during the summer. More information on Sysco's sustainability commitments can be found in Sysco's 2024 Sustainability Report. About Sysco Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 340 distribution centers, in over 10 countries, with 76,000 colleagues serving approximately 730,000 customer locations. The company generated sales of more than $78 billion in fiscal year 2024 that ended June 29, 2024. As the world's largest food-away-from-home distributor, Sysco offers customized supply chain solutions, bespoke specialty product offerings, and culinary support to drive customers to innovate and optimize their operations. We act as a trusted business partner to our customers, helping them grow through our industry-leading portfolio that includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions. For more information, visit For important news and key information for Sysco investors, visit the Investor Relations section of the company's website at Follow us: SYY-NEWSFor more information contact: Investor Contact Kevin Media Contact Cassandra View original content here. View additional multimedia and more ESG storytelling from Sysco Corporation on Contact Info:Spokesperson: Sysco CorporationWebsite: Email: info@ SOURCE: Sysco Corporation View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
31-03-2025
- Business
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Sysco Corporation (NYSE:SYY): Among the Best High Yield Stocks to Buy in April for Dividend Capture
We recently published a list of . In this article, we are going to take a look at where Sysco Corporation (NYSE:SYY) stands against other best high yield stocks to buy in April. Dividend investing appears to be a simple strategy on the surface, but in reality, it requires a much deeper analysis. These stocks are best known for their long-term appeal, a trait recognized by seasoned investors. Over the years, dividend growth stocks have outperformed other asset classes during periods of economic downturns. This can also be observed in today's economic landscape. With the Trump administration's trade war or soft economic data, dividend stocks have the potential to outperform, according to analysts. In addition, these equities are currently trading at lower price-to-earnings ratios than the broader market, which could be a great entry point for income investors. Wolfe Research analyst Chris Senyek also advised investors to pay attention to dividend growth stocks as they can serve as a buffer against market downturns. Here is what he said: 'Our favorite defensive dividend strategy, dividend aristocrats, is a good place for investors to 'hide' in the event of an economic slowdown or recessionary environment.' For this, he recommends investing in the Dividend Aristocrats Index, which tracks the performance of companies that have achieved 25 consecutive years of dividend growth. The index is outperforming the broader market this year, surging by over 2%, compared to the market's nearly 5% decline. Though dividend aristocrats are gaining this year, their performance in the last two years has been less impressive. With AI taking center stage, dividend stocks were overlooked by investors, leaving many still trading at a discount. Analysts are presenting a strong outlook for dividend stocks this year because of the changing economic and political landscape. According to a report by BNY Investments, dividend stocks are poised for growth this year as tech stocks have also entered into the dividend territory last year. Combining factors of growth and income can bode well for dividend equities. As of September 2024, nearly 80% of the companies in the S&P index pay dividends to shareholders, 24% of which are from the tech sector. The percentage has grown significantly from 13% a decade ago, as reported by BNY. Dividend yield is an important aspect of dividend investing, and investors often pay attention to yields when making investment decisions. However, falling for yield traps does more harm than good. Dan Lefkovitz, a strategist for Morningstar Indexes, made the following comment for investors with a preference for high yields: 'It's really critical to be selective when it comes to buying dividend-paying stocks and chasing yield. Looking for the most yield-rich areas of the market can often lead you into troubled areas and dividend traps—companies that have a nice-looking yield that is ultimately unsustainable. You have to screen for dividend durability and reliability going forward.' While dividend stocks are mostly known for their long-term appeal, some investors also reap profits in the short term through a dividend capture strategy. By using this approach, investors can buy shares of the company just before it pays dividends and then sell those shares shortly after receiving the dividend. The main aim of this strategy is to capitalize on dividend income while also benefiting from a stock's price increase leading up to the dividend announcement. Given this, we will take a look at some of the best dividend stocks for a dividend capture strategy. A butcher shop showcasing fresh meats and seafood for customers. Our Methodology: For this list, we selected dividend stocks that will trade ex-dividend in April 2025. Ex-dividend date indicates the cutoff day to buy a stock to receive its upcoming dividend payment. These stocks have dividend yields above 2%, as of March 30. The stocks are ranked according to their ex-dividend dates. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Ex-Dividend Date: April 4 Dividend Yield as of March 30: 2.75% Sysco Corporation (NYSE:SYY) is an American multinational company that specializes in marketing and distributing food and related products. The company's operations span North America and Europe, and it has an extensive distribution network. In addition, it has diverse product offerings, including dairy, meat, and non-food items. This diversification has helped the company a lot over the years to mitigate risks associated with different economic cycles. In the past five years, the stock generated a nearly 88% return for shareholders. In fiscal Q2 2025, Sysco Corporation (NYSE:SYY) reported a revenue of $20.15 billion, which showed a 4.47% growth from the same period last year. The revenue also surpassed analysts' estimates by $49.8 million. The company's food service volume also saw a 1.4% YoY growth. Its gross profit of $3.7 billion also showed a 3.9% growth on a YoY basis. The company's international business remained the winner, recording a 14.5% increase in operating income and a 26.5% increase in adjusted operating income. Sysco Corporation (NYSE:SYY)'s cash position also remained stable. In the first 26 weeks of the fiscal 2025, the company generated $498 million in operating cash flow. Moreover, it returned $803 million to shareholders, including $503 million in dividends. Currently, it offers a quarterly dividend of $0.51 per share and has a dividend yield of 2.75%, as of March 30. The company is a Dividend King with 54 consecutive years of dividend growth under its belt. It is among the best dividend stocks for a dividend capture strategy. Overall, SYY ranks 14th on our list of the best the best high yield stocks for a dividend capture strategy. While we acknowledge the potential of SYY as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than SYY but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at .
