Top 15 Consumer Staples Stocks According to Hedge Funds

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9. Sysco Corporation (NYSE:SYY)

Number of Hedge Fund Holders: 50

Sysco Corporation (NYSE:SYY) ranks among the top consumer staples stocks according to hedge funds. On June 9, Jefferies analyst Alexander Slagle maintained his Buy rating on Sysco Corporation (NYSE:SYY) and set a price target of $88 on the company’s shares. The analyst claims that the company’s size and scale, which enable large expenditures in workforce, supply chain, and technology, put it in a strong position to take advantage of long-term market share prospects domestically as well as internationally.

Furthermore, Sysco’s global operations have performed well, exhibiting the efficacy of its strategic goals with six consecutive quarters of double-digit operating profit growth.

Even though the salesforce compensation model has changed recently, Sysco Corporation (NYSE:SYY) is putting strategies in place to overcome these obstacles and pave the way for better development and fundamentals.

The biggest wholesale food distributor in the United States, Sysco Corporation (NYSE:SYY) markets and distributes goods to a range of establishments, including restaurants, healthcare facilities, and educational institutions.

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