SYSCO CORP FY 2026: Revenue $84.6B, EPS $3.66— 10-K Summary
Sysco Corp (SYY) reported fiscal year 2026 revenue of $84.553 billion, a 3.9% increase from the prior year, despite a decline in net income to $1.757 billion and diluted earnings per share to $3.66. The company attributes revenue growth to inflation and increased case volume, particularly from local customers, and is investing in sales, technology, and AI for future productivity. Sysco also expanded through acquisitions, including Fairfax Meadow and Ginsberg's, with a pending deal for Jetro.
Trillium Asset Management LLC Makes New Investment in Sysco Corporation $SYY
Trillium Asset Management LLC has acquired a new stake in Sysco Corporation, purchasing 101,542 shares valued at approximately $8.487 million during the second quarter. Other institutional investors also modified their holdings, with some increasing and others initiating new positions. Insider transactions included an EVP selling shares for tax obligations and a Director buying shares, while Wall Street analysts provided a "Moderate Buy" consensus rating with an average price target of $89.50.
Sysco declares $0.55 quarterly dividend payable in October
Sysco Corporation (NYSE:SYY) has announced a quarterly cash dividend of $0.55 per share, payable on October 23, 2026, to shareholders of record by October 2, 2026. The company, which operates 333 distribution centers and employs 75,000 people, reported over $84 billion in sales for fiscal year 2026. Investors can use platforms like InvestingPro for detailed analysis of Sysco's dividend history and sustainability.
D.E. Shaw owns more than $1 billion stake in Sysco, sources say
D.E. Shaw, a hedge fund, holds a stake exceeding $1 billion in Sysco, the world's largest food distributor. This revelation comes as Sysco plans to refresh its board to accelerate growth and leverage AI for operational improvements and cost savings. D.E. Shaw, a long-term shareholder, is also expected to assist Sysco in financing the acquisition of Jetro Restaurant Depot.
D.E. Shaw owns more than $1 billion stake in Sysco, sources say
Hedge fund D.E. Shaw holds a stake exceeding $1 billion in Sysco, the world's largest food distributor. D.E. Shaw is actively supporting Sysco's AI transformation to improve operational performance and achieve $100 million in savings by fiscal year 2027. Sysco is also refreshing its board with new directors possessing technology and e-commerce expertise to accelerate growth and value creation, including its planned acquisition of Jetro Restaurant Depot.
Sysco adds to board to accelerate AI transformation
Sysco Corporation is accelerating its enterprise-wide artificial intelligence transformation by appointing two new directors, Jason Murray and Tom Ondrof, to its Board. These appointments, effective September 1, 2026, aim to enhance operational performance and drive long-term shareholder value, building on strong fiscal 2027 guidance and a $100 million AI-driven cost-savings program. The company has also evolved its Technology Committee into an Artificial Intelligence Transformation & Technology Committee to oversee AI adoption and execution.
Sysco Puts AI Under Board Oversight, Targets $100 Million in Savings
Sysco is placing its artificial intelligence strategy under direct board oversight, creating an "Artificial Intelligence Transformation & Technology Committee" and targeting $100 million in cost savings by fiscal year 2027 through AI-driven process improvements. This move coincides with Sysco's proposed $29.1 billion acquisition of Jetro Restaurant Depot, signaling a strategic shift to integrate AI across its expanding operations and distribution network. The company has also appointed two new directors with expertise in supply-chain technology and foodservice to its board, further solidifying its commitment to leveraging AI for enhanced efficiency and customer service.
Sysco Taps Former Amazon Executive, Aramark CFO to Board as AI Push Accelerates
Sysco Corporation is expanding its board with two new directors, Jason Murray (former Amazon executive and Shipium CEO) and Tom Ondrof (former Aramark CFO), effective September 1st, to accelerate its AI-driven transformation. The company has also renamed its Technology Committee to the Artificial Intelligence Transformation & Technology Committee, reflecting its deepened commitment to AI. Sysco projects $100 million in AI-driven cost savings by fiscal 2027, contributing to revenue growth of 6-7% and adjusted EPS growth of 9-11%.
Food distributor Sysco adds two board members to advance AI transformation
Sysco (SYY.N) has appointed two new directors, Jason Murray and Tom Ondrof, to its board to enhance its artificial intelligence transformation initiatives. The food distributor expects these changes and AI-driven process improvements to generate $100 million in savings by fiscal 2027, contributing to significant revenue and adjusted EPS growth. The company also renamed its Technology Committee to the Artificial Intelligence Transformation & Technology Committee, reflecting its strategic focus on AI.
Sysco Adds Two Directors as AI Transformation Targets $100 Million in Savings
Sysco Corporation has appointed Jason Murray and Thomas “Tom” Ondrof to its Board of Directors, effective September 1, 2026, expanding the board to 13 members with enhanced expertise in AI, supply chain, and financial management. This move aligns with Sysco's strategy to deploy AI and automation across its operations, targeting $100 million in cost savings through process improvements and operating efficiencies. The company has also renamed its Technology Committee to the Artificial Intelligence Transformation & Technology Committee, demonstrating a heightened focus on integrating AI into its business to boost productivity and customer service.
Sysco adds two directors, forms AI committee to oversee transformation
Sysco Corporation has appointed Jason Murray and Tom Ondrof to its board of directors, expanding it to 13 members, and converted its Technology Committee into an Artificial Intelligence Transformation & Technology Committee. This new committee will oversee the company's AI initiatives, including a $100 million cost-savings program through AI-driven process improvements. The company also reaffirmed its fiscal 2027 guidance with projected revenue growth of 6% to 7%.
Sysco elects Jason Murray and Thomas Ondrof to Board; committee assignments set
Sysco (SYY) has elected Jason Murray and Thomas Ondrof to its Board of Directors, with their appointments effective September 1, 2026. Murray will join the Technology Committee, and Ondrof will join the Audit Committee. Both individuals were selected to fill vacancies created by the expansion of the Board.
Sysco (NYSE: SYY) projects double-digit EPS growth with AI revamp
Sysco Corporation (NYSE: SYY) announced strategic initiatives, including expanding its board to 13 directors with new appointments Jason Murray and Thomas Ondrof, effective September 1, 2026. The company is evolving its Technology Committee into the Artificial Intelligence Transformation & Technology Committee to oversee enterprise-wide AI initiatives. Sysco reaffirmed its fiscal 2027 outlook, projecting 6%-7% revenue growth and 9%-11% adjusted EPS growth, which includes a $100 million AI-enabled cost-savings program.
Sysco adds two directors, targets AI-driven cost savings of $100M
Sysco Corporation has appointed two new members to its board of directors, Jason Murray and Thomas Ondrof, increasing the board's size to 13. The company also announced a $100 million cost-savings program driven by AI initiatives, which is factored into its fiscal 2027 guidance. Additionally, D. E. Shaw group is expected to participate in a capital raise related to Sysco's acquisition of Jetro Restaurant Depot.
Sysco Announces Strategic Board Appointments and AI Transformation Initiatives Intended to Accelerate Growth, Long-Term Value Creation
Sysco Corporation has announced strategic business and corporate governance initiatives, including the appointment of two new directors, Jason Murray and Tom Ondrof, to accelerate its enterprise-wide artificial intelligence (AI) transformation. The company aims to enhance operational performance and drive long-term shareholder value, building on strong fiscal 2027 guidance that includes a $100 million AI-driven cost-savings program. Sysco has also evolved its Technology Committee into the Artificial Intelligence Transformation & Technology Committee to strengthen AI oversight and accelerate AI adoption.
Sysco's AI transformation includes a $100 million cost-savings program
Sysco (NYSE:SYY) has announced strategic governance and AI initiatives, including the appointment of Jason Murray and Tom Ondrof to its Board of Directors, expanding it to 13 members. The company projects 6%–7% revenue growth and 9%–11% adjusted EPS growth for fiscal 2027, which incorporates a $100 million AI-driven cost-savings program. This transformation aims to enhance customer service, improve productivity, and expand operating margins, with the Board's Technology Committee evolving into an AI Transformation & Technology Committee to oversee these efforts.
Sysco Announces Strategic Board Appointments and AI Transformation Initiatives Intended to Accelerate Growth, Long-Term Value Creation
Sysco Corporation has announced strategic business and corporate governance initiatives, including the appointment of two new directors, Jason Murray and Tom Ondrof, to accelerate its enterprise-wide artificial intelligence transformation. The company aims to enhance operational performance and drive long-term shareholder value, building on strong fiscal 2027 guidance that includes a $100 million cost-savings program enabled by AI. The Board's Technology Committee has also evolved into the Artificial Intelligence Transformation & Technology Committee to strengthen oversight and execution of AI initiatives.
Tocqueville Asset Management L.P. Takes $11.45 Million Position in Sysco Corporation $SYY
Tocqueville Asset Management L.P. has acquired a new position in Sysco Corporation, purchasing 136,979 shares valued at approximately $11.45 million during the second quarter. This move comes as institutional investors collectively own 83.41% of Sysco's stock, and the company recently surpassed quarterly earnings and revenue expectations. Analyst sentiment for Sysco is mixed, with a consensus "Hold" rating and an average price target of $89.50.
Wealthfront Advisers LLC Invests $7.98 Million in Sysco Corporation $SYY
Wealthfront Advisers LLC has acquired a new stake of 95,424 shares in Sysco Corporation, valued at approximately $7.98 million, during the second quarter. Other institutional investors also adjusted their positions in SYY, which is largely institutionally owned (83.41%). Sysco's recent quarterly results surpassed expectations with strong earnings and revenue, while analyst sentiment currently reflects a "Hold" consensus rating with an average price target of $89.50.
292,083 Shares in Sysco Corporation $SYY Acquired by Danske Bank A S
Danske Bank A S has acquired a new stake of 292,083 shares in Sysco Corporation (NYSE:SYY) during the second quarter, valued at approximately $24.41 million. Other institutional investors also increased their holdings in Sysco, with Teacher Retirement System of Texas, Universal Beteiligungs und Servicegesellschaft mbH, Nicholas Company Inc., Norges Bank, and Banque Cantonale Vaudoise all making significant purchases. Sysco reported strong quarterly earnings, surpassing analyst estimates, and has received varied ratings from equities analysts, with an average target price of $89.50.
Diversify Advisory Services LLC Buys New Stake in Sysco Corporation $SYY
Diversify Advisory Services LLC recently acquired a new stake in Sysco Corporation (NYSE:SYY), purchasing 13,575 shares valued at approximately $1.14 million during the second quarter. Institutional investors and hedge funds own 83.41% of Sysco's stock, and the company exceeded quarterly expectations with $1.53 EPS and $22.12 billion in revenue. Sysco's shares opened at $82.58, with analysts maintaining a "Hold" consensus and an average price target of $89.50.
Deutsche Bank AG Takes Position in Sysco Corporation $SYY
Deutsche Bank AG has acquired a new stake in Sysco Corporation (NYSE:SYY) during the second quarter, purchasing over 1.69 million shares valued at approximately $142 million. This acquisition makes Deutsche Bank AG a significant institutional investor in Sysco, owning 0.35% of the company's stock. The article also details other institutional investor activities, analyst ratings, insider transactions, and Sysco's recent financial performance and outlook.
The Bull Case For Sysco (SYY) Could Change Following Weaker Returns On Earlier Investments
Sysco's latest analysis reveals weakening returns on capital from earlier investments, prompting a reevaluation of the food distributor's investment narrative despite solid unit sales and stable free cash flow. While the company continues share repurchases and dividends, the efficiency of future spending is now under scrutiny. This raises questions about the long-term durability of Sysco's competitive position and growth prospects, as its capital allocation effectiveness is being challenged.
Sysco stock trades steadily as investors digest Q4 2026 growth and guidance
Sysco Corp. stock is trading in the low-$80s in mid-August 2026, supported by strong fiscal 2026 sales, new AI-driven efficiency targets, and mid-single-digit growth expectations. The company reported Q4 fiscal 2026 sales of $22.1 billion and is guiding for 6-7% net sales growth and 9-11% adjusted EPS growth in fiscal 2027, driven by $100 million in AI-enabled cost savings. Analysts maintain a "Hold" rating with a consensus price target of $89.50, indicating modest upside for the steady consumer staples stock.
Sysco: Buy This Dividend Aristocrat Before Its Next Growth Chapter (NYSE:SYY)
Sysco (SYY) is presented as an attractively valued dividend aristocrat with a forward P/E of 16.1 and a 2.7% dividend yield. The article highlights the expected EPS-accretive acquisition of Jetro Restaurant Depot and management's guidance for 6–7% net sales growth and 9–11% adjusted EPS growth in FY 2027, driven by AI and supply chain efficiencies. Despite near-term leverage risks, the author rates SYY a 'Buy' due to its industry leadership, local market momentum, and strong dividend history.
Pallas Capital Advisors LLC Buys New Stake in Sysco Corporation $SYY
Pallas Capital Advisors LLC has acquired a new stake in Sysco Corporation (NYSE:SYY) during the second quarter, purchasing 15,244 shares valued at approximately $1.27 million. Sysco exceeded quarterly earnings expectations with $1.53 EPS and $22.12 billion in revenue, representing a 4.7% year-over-year sales increase. Despite strong financial performance, analysts maintain a cautious "Hold" rating with an average price target of $89.50, while the stock recently traded around $82.07.
Mitsubishi UFJ Asset Management Co. Ltd. Invests $101.79 Million in Sysco Corporation $SYY
Mitsubishi UFJ Asset Management Co. Ltd. has acquired a new position in Sysco Corporation (NYSE:SYY), purchasing 1,217,827 shares valued at approximately $101.79 million. This investment makes them a significant institutional holder with 0.25% of Sysco's stock. The article also details recent insider transactions, analyst ratings, and Sysco's financial performance.
BlackRock Inc. Takes $3.60 Billion Position in Sysco Corporation $SYY
BlackRock Inc. has acquired a significant new stake in Sysco Corporation, purchasing over 43 million shares valued at approximately $3.60 billion, representing about 8.99% ownership. This move aligns with other large institutional investors increasing their positions in Sysco. The article also details recent analyst ratings, insider transactions, and Sysco's financial performance, including a recent earnings beat and future guidance.
Sysco stock holds firm after a July earnings beat
Sysco Corp. (US8718291078) stock is trading near $82 after reporting strong Q4 2026 earnings with revenue of $22.12 billion and EPS of $1.53, both exceeding estimates. The company's fiscal 2027 outlook projects a 5.29% increase in expected EPS to $5.37, reinforcing a "hold" rating from analysts with a target price around $89.50. Sysco's performance reflects its role in foodservice distribution, serving various sectors and indicating trends in restaurant traffic and institutional demand.
Baxter’s interim CFO leaves for Cardinal Health
Anita Zielinski, Baxter's interim CFO, will be leaving the company to join Cardinal Health as its new chief accounting officer. Zielinski, who joined Baxter in February 2025 and became interim CFO in March 2026, will start her new role at Cardinal Health on November 5, 2026, and will receive a significant sign-on bonus and restricted share units. Baxter has not yet named a new CFO following this departure and recent other leadership changes.
Citizens Financial Group Inc. RI Takes $4.59 Million Position in Sysco Corporation $SYY
Citizens Financial Group Inc. RI has acquired a new stake of 54,899 shares in Sysco Corporation, valued at approximately $4.59 million during the second quarter. Institutional investors and hedge funds now collectively own 83.41% of Sysco's stock. Sysco recently reported strong quarterly results, beating EPS and revenue estimates, and analysts currently hold a consensus "Hold" rating with an average price target of $89.50.
Global Retirement Partners LLC Buys Shares of 16,132 Sysco Corporation $SYY
Global Retirement Partners LLC has acquired 16,132 shares of Sysco Corporation, valued at approximately $1,348,000, during the second quarter. Other institutional investors also adjusted their positions in Sysco. Insider transactions include an EVP's sale of shares to cover tax obligations and a director's purchase of over 13,000 shares.
Sysco Corp. stock underperforms Monday when compared to competitors
Sysco Corp. (SYY) stock fell 1.37% on Monday, closing at $81.85, as the broader market also experienced a downturn with the S&P 500 and Dow Jones Industrial Average declining. This marked the third consecutive day of losses for Sysco's stock. The article highlights the company's underperformance relative to its competitors on this particular trading day.
Baxter’s Interim CFO Anita Zielinski Departs for Cardinal Health
Anita Zielinski, Baxter’s interim chief financial officer, is resigning on September 15 to become the chief accounting officer at Cardinal Health. She will receive a $750,000 signing bonus and $1 million in restricted stock units from Cardinal Health to compensate for forfeited earnings from her previous role. This move follows Baxter's recent Q2 earnings report, which showed $2.96 billion in sales, a 5% increase year-over-year.
JPMorgan Adjusts Sysco Price Target to $100 From $87, Maintains Overweight Rating
JPMorgan has updated its price target for Sysco (NYSE:SYY) shares, increasing it to $100 from the previous $87, while reiterating an "Overweight" rating on the stock. This adjustment reflects a positive outlook from the financial institution regarding the food distributor's future performance. The article also lists other recent analyst adjustments for Sysco, indicating ongoing attention to the company's stock.
Simplicity Wealth LLC Makes New $1.08 Million Investment in Sysco Corporation $SYY
Simplicity Wealth LLC has made a new investment of $1.08 million in Sysco Corporation (NYSE:SYY) by purchasing 12,930 shares in the second quarter. Institutional investors now own 83.41% of Sysco, which recently exceeded quarterly earnings and revenue expectations. Analyst sentiment on Sysco is mixed, with a consensus "Hold" rating and an average price target of $89.50.
21,613 Shares in Sysco Corporation $SYY Purchased by OneDigital Investment Advisors LLC
OneDigital Investment Advisors LLC acquired 21,613 shares of Sysco Corporation, valued at approximately $1.8 million, in the second quarter. This purchase contributes to institutional investors owning 83.41% of Sysco's stock. Despite mixed analyst ratings, Sysco exceeded quarterly earnings estimates and saw its revenue increase by 4.7% year over year.
Focus Partners Advisor Solutions LLC Invests $1.47 Million in Sysco Corporation $SYY
Focus Partners Advisor Solutions LLC has invested $1.47 million in Sysco Corporation (NYSE:SYY) by acquiring 17,549 shares during the second quarter. This move is part of broader institutional investor activity, with several other funds increasing their stakes in Sysco, while an executive recently sold shares and a director acquired a significant number of shares. Analysts currently rate Sysco as a "Hold" with an average target price of $89.50, and the company recently reported strong quarterly earnings and revenue growth.
Flputnam Investment Management Co. Buys Shares of 39,761 Sysco Corporation $SYY
Flputnam Investment Management Co. recently acquired 39,761 shares of Sysco Corporation (NYSE:SYY) during the second quarter, valued at approximately $3.32 million. Institutional investors now own 83.41% of Sysco's stock, following various other firms modifying their holdings. Sysco exceeded quarterly earnings expectations with an adjusted EPS of $1.53 and revenue of $22.12 billion, though analyst sentiment remains mixed with a consensus "Hold" rating.
Baxter Bros Inc. Purchases New Position in Sysco Corporation $SYY
Baxter Bros Inc. has acquired a new position in Sysco Corporation, purchasing 23,700 shares valued at approximately $1.98 million during the second quarter. This move comes as other institutional investors have also adjusted their holdings in Sysco, with 83.41% of the stock currently owned by hedge funds and institutions. Sysco recently reported strong quarterly earnings, exceeding analyst expectations with $1.53 EPS and $22.12 billion in revenue, although analyst ratings remain mixed, resulting in a consensus "Hold."
19,371 Shares in Sysco Corporation $SYY Acquired by 1ST Source Bank
1ST Source Bank recently acquired 19,371 shares of Sysco Corporation (NYSE:SYY) valued at approximately $1.62 million during the second quarter. Sysco reported strong quarterly earnings, beating analyst estimates with an EPS of $1.53 and revenue growth of 4.7% year-over-year. The company maintains an overall "Hold" rating from analysts with an average price target of $89.50, and institutional investors collectively own 83.41% of its outstanding stock.
Performance Food Group (PFGC) Stock Still Looks Pricey After Its 149% Run
Performance Food Group (PFGC) stock has seen a significant 148.7% return over the past five years, yet its current valuation suggests it is not cheap, trading at a P/E of 47.0x compared to an industry average of 20.3x. The company fails 0 of 6 valuation checks, indicating it's overvalued relative to its fair P/E ratio of 33.9x and industry benchmarks. While future growth in foodservice demand could support the price, the premium investors are paying means any pressure on margins or higher operating costs could lead to valuation adjustment.
Stoneridge Investment Partners LLC Takes $1.14 Million Position in Sysco Corporation $SYY
Stoneridge Investment Partners LLC recently acquired a new position of 13,330 shares in Sysco Corporation, valued at approximately $1.14 million, making it their 26th largest holding. This comes as Sysco exceeded quarterly earnings and revenue expectations, despite its stock trading below the analyst consensus price target. Institutional investors collectively own a significant 83.41% of Sysco's stock, with several other major firms also adjusting their holdings.
Empowered Funds LLC Acquires 41,525 Shares of Sysco Corporation $SYY
Empowered Funds LLC significantly increased its stake in Sysco Corporation (NYSE:SYY) by 74.8% in Q1, acquiring an additional 41,525 shares, bringing its total to 97,033 shares valued at approximately $6.9 million. Sysco recently reported strong quarterly earnings, beating analyst expectations with $1.53 EPS and $22.12 billion in revenue, and issued optimistic fiscal 2027 EPS guidance. Despite mixed analyst ratings, with a consensus "Hold" and an average price target of $89.50, institutional investors collectively own 83.41% of the company.
Sysco EVP Ronald Phillips sells $558k in company stock
Ronald L Phillips, EVP and Chief Human Resources Officer at Sysco (NYSE:SYY), sold approximately $558,166 worth of company stock through two transactions on August 10 and 11, 2026. These sales were executed as part of a Rule 10b5-1 trading plan, following an exercise of stock options. Sysco recently reported strong Q4 fiscal 2026 earnings, though concerns about margin pressures and fuel costs remain, and UBS has maintained a Buy rating for the company.
What Is Behind Performance Food Group (PFGC) Stock's Latest Move?
Performance Food Group (PFGC) has garnered investor attention after reporting strong Q4 and full-year results, along with positive fiscal 2027 sales guidance. While analysts see the stock as modestly undervalued with a consensus price target of $119.23, its current P/E ratio of 47x is significantly higher than the industry average, suggesting a potentially rich valuation. Investors are advised to consider the mixed signals and key risks, such as pressures in the Convenience segment and acquisition challenges.
Sysco EVP Ronald Phillips sells $558k in company stock
Sysco EVP Ronald Phillips sold 6,652 shares of SYSCO CORP (NYSE:SYY) common stock for approximately $558,166 across two transactions on August 10 and 11, 2026. These sales, made at prices ranging from $83.39 to $83.94 per share, were executed under a Rule 10b5-1 trading plan. Phillips also exercised stock options and had shares withheld for tax obligations, resulting in his beneficial ownership of 38,649.664 shares after these transactions.
Sysco EVP Ronald Phillips sells $558k in company stock By Investing.com
Sysco's EVP and Chief Human Resources Officer, Ronald L Phillips, sold 6,652 shares of company stock across two transactions for approximately $558,166 on August 10 and 11, 2026. These sales, executed under a Rule 10b5-1 trading plan, followed his exercise of stock options for 6,285 shares. Sysco, currently valued at $39.98 billion and trading at $82.99, recently surpassed Q4 fiscal 2026 earnings expectations despite concerns over margin pressures and fuel costs.
Sysco EVP Ronald Phillips sells $558k in company stock By Investing.com
Sysco's EVP and Chief Human Resources Officer, Ronald L Phillips, sold 6,652 shares of company stock for approximately $558,166 across two transactions on August 10 and 11, 2026. These sales were conducted under Rule 10b5-1 trading plans, following an exercise of stock options. Sysco's stock is currently trading at $82.99, and the company recently surpassed Q4 2026 earnings expectations despite concerns over margin pressures and fuel costs.
Oppenheimer Asset Management Inc. Invests $9.43 Million in Sysco Corporation $SYY
Oppenheimer Asset Management Inc. has acquired a new stake worth $9.43 million in Sysco Corporation (NYSE:SYY) during the second quarter. This investment is part of broader institutional interest in Sysco, with several other large investors also adjusting their positions in the company. Sysco recently reported strong quarterly earnings, beating analyst estimates, and has received varied analyst ratings, including eight "Buy" and seven "Hold" recommendations.
