First Nebraska Trust Co Makes New $183.60 Million Investment in Sysco Corporation $SYY

Key Points

• First Nebraska Trust Co. initiated a $183.6 million Sysco position, purchasing 2.2 million shares and making Sysco its largest portfolio holding at 14.8% of assets. Institutional investors collectively own 83.41% of the company.
• Sysco exceeded quarterly expectations with $1.53 in EPS and $22.12 billion in revenue, while revenue grew 4.7% year over year. The company also declared a quarterly dividend of $0.55 per share, equivalent to a 2.6% annual yield.
• Analysts have a “Moderate Buy” consensus and an average price target of $89.50, while Sysco advances its AI initiatives and proposed Jetro Restaurant Depot acquisition. The strategy offers growth potential but carries regulatory, financing, integration and execution risks.

First Nebraska Trust Co bought a new position in shares of Sysco Corporation (NYSE:SYY - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,196,741 shares of the company's stock, valued at approximately $183,604,000. Sysco makes up 14.8% of First Nebraska Trust Co's investment portfolio, making the stock its largest position. First Nebraska Trust Co owned approximately 0.46% of Sysco at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Intech Investment Management LLC boosted its position in Sysco by 53.1% in the 1st quarter. Intech Investment Management LLC now owns 22,310 shares of the company's stock valued at $1,674,000 after buying an additional 7,742 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Sysco by 24.1% during the second quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company's stock worth $781,000 after acquiring an additional 2,000 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Sysco by 62.4% during the second quarter. NewEdge Advisors LLC now owns 35,447 shares of the company's stock worth $2,685,000 after acquiring an additional 13,616 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Sysco by 14.2% during the second quarter. Sei Investments Co. now owns 344,504 shares of the company's stock valued at $26,092,000 after acquiring an additional 42,903 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Sysco by 0.8% during the second quarter. Treasurer of the State of North Carolina now owns 226,648 shares of the company's stock valued at $17,166,000 after acquiring an additional 1,710 shares during the period. 83.41% of the stock is owned by institutional investors.

Sysco Stock Performance

SYY stock opened at $84.04 on Friday. Sysco Corporation has a twelve month low of $68.19 and a twelve 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 company has a market cap of $40.23 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 2.88 and a beta of 0.64. The business's fifty day moving average is $82.65 and its 200-day moving average is $80.64.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.02. The business had revenue of $22.12 billion during the quarter, compared to analysts' expectations of $21.95 billion. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous 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. Equities research analysts forecast that Sysco Corporation will post 5.12 EPS for the current year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.6%. Sysco's dividend payout ratio is 60.11%.

Insider Buying and Selling

In related news, EVP Ronald L. Phillips sold 367 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $83.39, for a total transaction of $30,604.13. Following the completion of the transaction, the executive vice president owned 38,650 shares in the company, valued at approximately $3,223,023.50. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the purchase, the director directly owned 40,200 shares of the company's stock, valued at approximately $3,021,834. This represents a 49.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.56% of the company's stock.

Sysco News Summary

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Sysco appointed Jason Murray, a former Amazon supply-chain technology executive, and Tom Ondrof, a former Aramark CFO, to its board effective September 1. Their expertise in artificial intelligence, logistics, foodservice, finance, and mergers could strengthen execution and governance. Sysco Announces Strategic Board Appointments and AI Transformation Initiatives
• Positive Sentiment: The company reiterated fiscal 2027 targets of 6%–7% revenue growth and 9%–11% adjusted EPS growth, including a planned $100 million AI-enabled cost-savings program. Sysco is also upgrading its technology committee to oversee the broader AI transformation. Sysco Gains After Highlighting Board Changes and AI Initiatives
• Positive Sentiment: D.E. Shaw reportedly owns more than $1 billion of Sysco stock and supports the AI strategy and pending Jetro Restaurant Depot acquisition. Its expected participation in the transaction’s capital raise signals institutional confidence in Sysco’s long-term plans. D.E. Shaw Owns More Than $1 Billion Stake in Sysco
• Positive Sentiment: Sysco declared a quarterly dividend of $0.55 per share, payable October 23 to shareholders of record October 2. The maintained payout provides income support and indicates continued confidence in cash generation. Sysco Declares Quarterly Dividend Payment
• Neutral Sentiment: Persistent food inflation and uncertainty around tariffs remain industry-wide considerations. Higher food costs can lift Sysco’s reported sales, but may pressure restaurant demand, customer margins, and Sysco’s profitability if costs cannot be passed through. Trump's 90-Day Inflation Band-Aid
• Negative Sentiment: The Jetro Restaurant Depot acquisition still carries regulatory, financing, integration, and execution risks. Any delays, dilution, or failure to deliver expected synergies could weigh on SYY despite the positive strategic narrative.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen lowered Sysco from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Piper Sandler upped their target price on shares of Sysco from $77.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Sysco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. UBS Group raised their target price on shares of Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Barclays dropped their price target on shares of Sysco from $92.00 to $86.00 and set an "overweight" rating for the company in a research note on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.50.

Sysco 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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