11,693 Shares in Sysco Corporation $SYY Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. acquired a new stake in Sysco Corporation (NYSE:SYY) during the second quarter, HoldingsChannel reports. The fund acquired 11,693 shares of the company’s stock, valued at approximately $977,000.

Other large investors also recently bought and sold shares of the company. Montag A & Associates Inc. boosted its holdings in shares of Sysco by 1.4% in the fourth quarter. Montag A & Associates Inc. now owns 8,743 shares of the company’s stock valued at $644,000 after acquiring an additional 123 shares in the last quarter. United Community Bank lifted its position in Sysco by 11.4% in the fourth quarter. United Community Bank now owns 1,224 shares of the company’s stock valued at $90,000 after purchasing an additional 125 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in Sysco by 1.2% in the 4th quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company’s stock valued at $827,000 after purchasing an additional 138 shares in the last quarter. Octavia Wealth Advisors LLC boosted its holdings in Sysco by 4.6% in the 4th quarter. Octavia Wealth Advisors LLC now owns 3,231 shares of the company’s stock valued at $237,000 after purchasing an additional 141 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its position in Sysco by 1.6% during the 4th quarter. Diversify Wealth Management LLC now owns 9,173 shares of the company’s stock worth $698,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Sanford C. Bernstein decreased their price target on Sysco from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Tuesday, April 28th. Barclays reduced their price target on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. UBS Group boosted their target price on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley raised their target price on shares of Sysco from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $89.50.

Insider Activity at Sysco

In other news, Director John M. Hinshaw purchased 13,304 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the acquisition, the director owned 40,200 shares in the company, valued at approximately $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Sysco Stock Performance

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

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The business had revenue of $22.12 billion during 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 company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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 expect that Sysco Corporation will post 5.08 earnings per share for the current fiscal year.

Key Headlines Impacting Sysco

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 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.