First Nebraska Trust Co Makes New $175.33 Million Investment in Sysco Corporation $SYY

First Nebraska Trust Co purchased a new stake in shares of Sysco Corporation (NYSE:SYY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,248,938 shares of the company’s stock, valued at approximately $175,327,000. Sysco accounts for about 14.4% of First Nebraska Trust Co’s portfolio, making the stock its biggest holding.

Several other hedge funds have also added to or reduced their stakes in SYY. BlackRock Inc. acquired a new stake in Sysco in the second quarter worth about $3,596,356,000. Bank of America Corp DE acquired a new position in Sysco during the 2nd quarter valued at about $482,589,000. Primecap Management Co. CA bought a new position in shares of Sysco in the 2nd quarter valued at about $313,503,000. Bank of New York Mellon Corp bought a new position in shares of Sysco in the 2nd quarter valued at about $273,323,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Sysco during the 2nd quarter worth approximately $203,861,000. Institutional investors own 83.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Citigroup reaffirmed a “neutral” rating on shares of Sysco in a research note on Monday, October 26th. UBS Group lifted their target price on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Morgan Stanley upped their target price on shares of Sysco from $88.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Finally, Guggenheim reissued a “buy” rating and issued a $90.00 price target on shares of Sysco in a research note on Wednesday, September 16th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sysco has a consensus rating of “Moderate Buy” and an average price target of $90.42.

Insider Buying and Selling at Sysco

In related news, EVP Ronald Phillips sold 7,350 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $83.61, for a total transaction of $614,533.50. Following the completion of the transaction, the executive vice president directly owned 38,650 shares in the company, valued at approximately $3,231,526.50. This trade represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 15,525 shares of company stock worth $1,299,736 over the last ninety days. 0.55% of the stock is owned by corporate insiders.

Trending Headlines about Sysco

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Local case volume grew 2.7% in the first quarter, and Sysco reiterated its fiscal 2027 adjusted EPS growth outlook of 9%–11%. The company also expects its AI transformation efforts to generate $100 million in savings in fiscal 2027. Sysco: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Sysco reported adjusted first-quarter EPS of $1.19, in line with the company’s cited consensus estimate and ahead of the $1.17 estimate reported by Zacks. It also named interim CFO Brandon Sewell as permanent CFO, providing continuity in the finance leadership role. Sysco Q1 Earnings: Sales Miss Estimates, Full-Year EPS Outlook Unchanged
• Negative Sentiment: Revenue of $21.74 billion was below the $22.02 billion analyst estimate, despite increasing 2.8% year over year. The company said a cyclosporiasis outbreak affected first-quarter sales, while costs related to the Jetro acquisition and concerns around sales guidance added pressure. The revenue miss appears to have outweighed the EPS result and reaffirmed full-year earnings outlook. Food distributor Sysco says cyclosporiasis outbreak hit Q1 sales Sysco under pressure on Jetro acquisition costs, FY sales guidance

Sysco Stock Down 9.3%

Shares of SYY stock opened at $74.12 on Wednesday. Sysco Corporation has a 12-month low of $68.19 and a 12-month high of $91.85. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62. The firm has a fifty day moving average of $80.30 and a 200-day moving average of $80.52. The company has a market capitalization of $36.46 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.30 and a beta of 0.66.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, November 3rd. The company reported $1.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.19. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $22.02 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 EPS. As a group, equities research analysts predict that Sysco Corporation will post 5.09 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, October 2nd. Sysco’s payout ratio is 60.11%.

Sysco Profile

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.