Canandaigua National Bank & Trust Co. Makes New Investment in Sysco Corporation $SYY

Canandaigua National Bank & Trust Co. purchased a new position in shares of Sysco Corporation (NYSE:SYY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,693 shares of the company’s stock, valued at approximately $977,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SYY. Norges Bank purchased a new stake in Sysco in the 4th quarter valued at about $542,780,000. Wellington Management Group LLP lifted its holdings in shares of Sysco by 3,977.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock worth $387,935,000 after acquiring an additional 4,595,819 shares during the last quarter. First Nebraska Trust Co purchased a new stake in Sysco in the first quarter valued at approximately $156,697,000. Goldman Sachs Group Inc. boosted its position in shares of Sysco by 45.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,651,682 shares of the company’s stock worth $416,472,000 after buying an additional 1,754,306 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Sysco by 128.7% in the 1st quarter. Royal Bank of Canada now owns 2,357,585 shares of the company’s stock valued at $168,166,000 after buying an additional 1,326,600 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SYY shares. UBS Group increased their price target on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price objective on Sysco from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Melius Research downgraded Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Citigroup lifted their price objective on Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Sanford C. Bernstein cut their target price on shares of Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $89.50.

Insider Activity

In other Sysco news, Director John M. Hinshaw bought 13,304 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the acquisition, the director directly owned 40,200 shares of the company’s stock, valued at $3,021,834. The trade was a 49.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

More Sysco News

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Quarterly results exceeded expectations. Sysco reported fiscal Q4 revenue of $22.12 billion, above the $21.95 billion consensus estimate, while adjusted EPS of $1.53 topped expectations of $1.51 and increased from $1.48 a year earlier. Sales rose 4.7%, supported by 2.5% U.S. case-volume growth and stronger local and international customer demand. Reuters earnings report
• Positive Sentiment: Fiscal 2027 guidance was above Wall Street expectations. Sysco forecast adjusted EPS of $5.025-$5.117, compared with a $4.96 consensus, and revenue of $89.6-$90.5 billion versus an $88.7 billion estimate. The outlook calls for 6%-7% sales growth and 9%-11% adjusted EPS growth, helped by approximately $100 million in planned cost reductions and AI-enabled productivity initiatives. Sysco fiscal 2026 results and fiscal 2027 guidance
• Positive Sentiment: Profitability and shareholder returns provided additional support. Q4 operating income increased 10.6% to $983 million, and Sysco returned roughly $1.2 billion to shareholders through dividends and repurchases during fiscal 2026.
• Neutral Sentiment: Citigroup raised its price target but maintained a neutral rating. The firm increased its target on SYY from $82 to $86, signaling modest upside while stopping short of a bullish recommendation. Benzinga analyst price target report
• Negative Sentiment: A cyclosporiasis outbreak is creating a supply and reputational risk. Sysco stopped purchasing iceberg lettuce from Mexico and Taylor Farms amid the outbreak in the United States. The decision may temporarily disrupt sourcing and sales, although it reduces potential food-safety exposure. Reuters lettuce supply report
• Negative Sentiment: Underlying risks remain. Fiscal-year GAAP net earnings declined 3.9%, while Q4 gross margin fell 17 basis points as product-cost inflation and investments pressured profitability.

Sysco Price Performance

Shares of NYSE SYY opened at $84.25 on Thursday. The stock’s 50-day simple moving average is $80.97 and its 200-day simple moving average is $80.32. The firm has a market capitalization of $40.33 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.80 and a current ratio of 1.28.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. The company had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, equities research analysts forecast that Sysco Corporation will post 5.08 EPS for the current fiscal year.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) 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.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.