Sysco Corporation $SYY Stake Lowered by Meyer Handelman Co.

Key Points

• Meyer Handelman Co. trimmed its stake in Sysco by 4.4% in Q4, selling 20,717 shares and leaving it with 446,629 shares worth about $32.9 million (≈0.09% of the company).
• Sysco to acquire Jetro Restaurant Depot in a deal valued at roughly $29.1 billion (≈$21.6B cash + 91.5M Sysco shares) expected to close by mid–late 2027, a move that has raised concerns about heavy debt, dilution and paused buybacks and spurred analyst downgrades and a share sell‑off.
• Sysco reported quarterly EPS of $0.99 (beat by $0.01), set FY2026 guidance at $4.60 EPS, and announced a quarterly dividend of $0.54 (annualized $2.16, ~3.0% yield).

Meyer Handelman Co. trimmed its stake in shares of Sysco Corporation (NYSE:SYY - Free Report) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 446,629 shares of the company's stock after selling 20,717 shares during the quarter. Meyer Handelman Co. owned about 0.09% of Sysco worth $32,912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. bought a new position in Sysco during the 3rd quarter worth $25,000. Harbor Capital Advisors Inc. lifted its stake in Sysco by 75.0% in the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company's stock valued at $26,000 after buying an additional 135 shares during the last quarter. Peterson Wealth Services boosted its holdings in shares of Sysco by 875.7% during the third quarter. Peterson Wealth Services now owns 361 shares of the company's stock valued at $30,000 after acquiring an additional 324 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Sysco during the second quarter worth about $31,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Sysco during the third quarter worth about $34,000. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Buying and Selling

In other Sysco news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total transaction of $453,681.00. Following the completion of the transaction, the executive vice president directly owned 35,965 shares of the company's stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $82.99, for a total value of $232,454.99. Following the transaction, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. This trade represents a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.56% of the company's stock.

Sysco Stock Performance

Shares of SYY opened at $71.28 on Wednesday. The firm has a market capitalization of $34.14 billion, a PE ratio of 19.16, a P/E/G ratio of 2.15 and a beta of 0.58. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The firm has a 50-day moving average price of $84.63 and a 200 day moving average price of $79.47. Sysco Corporation has a 52-week low of $67.12 and a 52-week high of $91.85.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $20.76 billion for the quarter, compared to the consensus estimate of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. Sysco's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, sell-side analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, April 2nd. Sysco's dividend payout ratio is 58.06%.

Key Sysco News

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Deal expands Sysco into cash‑and‑carry and is forecast by some analysts to be EPS‑accretive with synergies and stronger free cash flow over time. SYY's Jetro Deal Opens a New Growth Path in Cash & Carry
• Positive Sentiment: Company positioned to buy real estate/warehouse scale it couldn’t build quickly — operational leverage and faster network expansion could improve margins long term. Sysco is Buying the Warehouse It Could Never Build
• Neutral Sentiment: Deal mechanics: ~$29.1B enterprise value (≈$21.6B cash + 91.5M Sysco shares), expected close by mid‑to‑late 2027, and subject to regulatory approval — factual items that set the timeline and execution risk. Sysco to Acquire Jetro Restaurant Depot
• Neutral Sentiment: Analyst landscape is mixed: Wall‑street support for strategic rationale exists (multiple buy/overweight ratings earlier), but some firms are revising models while others flag the long time horizon to prove the thesis. Sysco Receives Consensus Rating
• Negative Sentiment: Citi and other shops cut targets and flagged the large incremental debt and near‑term leverage; Citi lowered its target to $72 and kept a Neutral rating — pressure on credit metrics and a pause to buybacks are key investor concerns. Sysco Receives a Downgrade From Citi Due to Debt Load
• Negative Sentiment: Market reaction: shares sold off on worries about heavy debt financing, potential dilution, integration/regulatory risk and the company pausing buybacks to de‑lever — short‑term downside risk until execution/credit path is clearer. Sysco shares slide as investors digest leverage and dilution

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SYY shares. Barclays lifted their price objective on shares of Sysco from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, January 28th. UBS Group raised their price target on shares of Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price target on Sysco and gave the company a "market perform" rating in a report on Wednesday, January 28th. BMO Capital Markets reiterated an "outperform" rating on shares of Sysco in a research report on Wednesday, January 28th. Finally, Morgan Stanley decreased their price objective on Sysco from $88.00 to $85.00 and set an "equal weight" rating for the company in a report on Tuesday, January 20th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $89.08.

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.