McDonald’s, suppliers work with NFWF on grassland conservation grants
The Grassland Resilience and Conservation Initiative, backed by McDonald’s and its suppliers with NFWF, has awarded $32.8 million in grants for conservation efforts. This marks the first round of a $200 million, seven-year investment aimed at supporting grasslands, cattle ranching communities, and wildlife across the Great Plains and other regions. The grants will fund improved grazing management, grassland restoration, and water conservation practices across nearly 2.5 million acres of grasslands and 4 million acres of grazing lands.
Sysco Price Target Slashed by Piper Sandler After Surprise $29.1 Billion Restaurant Depot Acquisition
Piper Sandler has cut its price target for Sysco (SYY) from $83 to $77, maintaining a Neutral rating, following Sysco's announcement of a $29.1 billion acquisition of Restaurant Depot. The firm expressed "surprise" at the deal, largely due to concerns over Sysco taking on $21 billion in new debt, pushing its net leverage to 4.5x, and the suspension of share buybacks. Despite management projecting significant EPS accretion and cost synergies, the market has reacted sharply, reflecting skepticism about integration risks and de-leveraging.
Piper Sandler cuts Sysco stock price target on Restaurant Depot deal
Piper Sandler has lowered its price target for Sysco Corp. to $77 from $83, maintaining a Neutral rating, following Sysco's announcement to acquire Restaurant Depot for $29.1 billion. The firm expressed surprise and disapproval of the acquisition, a sentiment it believes aligns with market reaction. Other analysts, including UBS, BMO Capital, and Barclays, have also adjusted their targets or reiterated ratings amidst this major acquisition and executive changes at Sysco.
Sysco makes $29 billion deal to acquire Restaurant Depot
Sysco Corp. has agreed to acquire Jetro Restaurant Depot for $29.1 billion, a move set to expand Sysco's reach by serving more local customers. The deal, funded by cash, new debt, and hybrid debt, will also result in Restaurant Depot owning approximately 16% of Sysco's outstanding stock. The transaction requires board and regulatory approval, with Sysco aiming to close by the third quarter of fiscal year 2027, despite potential antitrust questions given a previous blocked acquisition attempt by Sysco in 2015.
Sysco to Announce Third Quarter Fiscal Year 2026 Financial Results on April 28
Sysco Corporation will host a conference call and webcast on Tuesday, April 28, 2026, at 10 a.m. ET to discuss its third-quarter fiscal year 2026 financial results. Interested parties can access the webcast and related materials through the investor relations section of Sysco's website. A news release and slide presentation will precede the call, and a replay will be available afterward.
Sysco will post Q3 results before an April 28 investor webcast
Sysco (NYSE: SYY) announced it will release its third-quarter fiscal year 2026 financial results on April 28, 2026, followed by a conference call and webcast at 10:00 a.m. ET. The company will also publish a news release and slide presentation on its investor relations website. This announcement aligns with Sysco's regular practice of pre-announcing earnings dates, and investors will be looking for updates on its recently announced $29.1 billion Jetro Restaurant Depot acquisition and leadership changes.
Houston Restaurants Gear Up for World Cup Boom with Sysco Food Show
Houston's restaurant industry is preparing for a significant economic boost from the 2026 World Cup, with local eateries revamping menus and service strategies. Sysco Houston is hosting a World Cup-themed food show on April 8 to connect over 150 suppliers with 500 restaurant operators. This event aims to help restaurants showcase global flavors and prepare for the anticipated influx of international fans, contributing to an estimated $1.5 billion economic impact.
Sysco’s World Cup-themed food show is a preview of how Houston plans to feed the world
Houston is preparing for the 2026 FIFA World Cup, which is expected to bring a $1.5 billion economic boost to the city, particularly benefiting local restaurants. Sysco Houston is hosting a World Cup-themed Food Show on April 8, connecting over 150 suppliers with more than 500 restaurant operators. This event aims to help local food businesses explore global flavors, develop themed menus, and prepare for the high volume of international visitors during the seven matches Houston will host.
Kratos Defense & Security Solutions Inc (KTOS) Stock Price, Quote, News & History
Kratos Defense & Security Solutions Inc (KTOS) stock rose over 10% after Jefferies upgraded it from Hold to Buy with an $85 price target. The article provides current stock data, financial figures, analyst trends, and recent news regarding KTOS, including its role in drone warfare technology. It also lists key statistics, valuation metrics, and company debt information for potential investors.
Sysco Corp. stock outperforms competitors on strong trading day
Sysco Corp. stock (SYY) rose 2.92% to $73.24, outperforming the broader market on a strong trading day where the S&P 500 Index and Dow Jones Industrial Average also saw gains. The company's shares closed 20.26% below their 52-week high, achieved in February. This report was generated by MarketWatch Automation using data from Dow Jones and FactSet.
7 New 4-Star Stocks This Week
This article identifies seven US-listed stocks newly rated as 4-star "undervalued" by Morningstar, based on their stock prices falling below their fair value estimates. Key companies like T-Mobile and Qualcomm are highlighted among these new additions. The article explains Morningstar's rating methodology and provides detailed metrics, including fair value and uncertainty ratings, for each of the top five new 4-star stocks.
US Foods Now Accepting Applications for Company’s Largest Annual Scholarship Offering to Date
US Foods has opened applications for its 2026 US Foods Scholars program, offering 20 need-based scholarships of $20,000 each for students pursuing culinary or hospitality degrees. This marks the company's largest annual scholarship offering to date, aiming to support the next generation of culinary talent and address the growing demand in the foodservice industry. The scholarships can cover education-related expenses and provide professional development opportunities.
Sysco Stock Fell Nearly 24% After Its $29 Billion Deal. Was the Selloff Justified?
Sysco's stock dropped almost 24% following its $29.1 billion deal to acquire Jetro Restaurant Depot, prompting concerns about the debt taken on for the acquisition. Despite the selloff, analysts suggest the deal could transform Sysco into a higher-margin, omnichannel platform, enhancing its financial profile through increased revenue, adjusted EBITDA, and free cash flow. The article indicates that patient investors might find value in Sysco given the long-term growth and margin expansion potential, despite immediate leverage concerns.
Nike, Boston Scientific, And Sysco Are Among Top 10 Large Cap Losers Last Week (March 30-April 2): Are the Others in Your Portfolio?
The article identifies the top 10 large-cap losers from the trading week of March 30 to April 2, a shortened week due to the Good Friday holiday. Nike, Boston Scientific, and Sysco were among those listed, with their declines attributed to factors like disappointing financial results, acquisition announcements, analyst downgrades, and clinical trial data.
Sysco Tech Leadership Shift Adds Execution Questions For Jetro Acquisition
Sysco's Executive Vice President and Chief Information and Digital Officer, Tom Peck, is resigning, raising concerns about the execution of the company's large acquisition of Jetro Restaurant Depot. While Sysco states his departure is not due to disagreements, investors are questioning the continuity of technological integration and digital initiatives. The leadership change comes at a sensitive time, with Sysco already managing increased debt and aiming to leverage digital tools for growth.
Sysco Announces Resignation of Chief Information and Digital Officer
Sysco Corporation announced that its Executive Vice President and Chief Information and Digital Officer, Tom Peck, is resigning effective April 10, 2026, to pursue an opportunity in a different industry. The company specified that his departure is not due to any disagreements regarding Sysco's operations or policies. Analysts currently rate SYY stock as a Buy with a $90.00 price target, though TipRanks’ AI Analyst, Spark, assesses SYY as Neutral due to stable performance balanced by high leverage and execution risks from the Jetro deal.
Why Sysco could ultimately regret the Restaurant Depot deal
Sysco's acquisition of Jetro Restaurant Depot for $29 billion is drawing skepticism from Wall Street, local restaurant operators, and industry observers. The article highlights US Foods' previous struggles with its cash-and-carry acquisition, Chef'Store, which it tried to sell just four years after buying it, citing limited synergies. Sysco faces similar integration challenges and the need to achieve significant cost savings to justify its leveraged purchase of a very different type of business.
Why Sysco could ultimately regret the Restaurant Depot deal
Sysco's recent $29 billion acquisition of Restaurant Depot is facing skepticism from Wall Street, independent restaurant groups, and the public. The author suggests Sysco could regret the deal, drawing parallels to US Foods' 2020 acquisition of Smart Foodservice, which it later struggled to integrate and then attempted to sell due to a lack of anticipated synergies. While Restaurant Depot is significantly larger than US Foods' Chef'Store, Sysco faces similar challenges in integrating a retail cash-and-carry business with its logistics-focused operations and meeting its substantial cost-saving targets.
Jim Cramer on McCormick & Company: “Stock Just Doesn’t Entice”
Jim Cramer discussed McCormick & Company's recent deal with Unilever's food business, a Reverse Morris Trust transaction where Unilever will own two-thirds of the combined company while retaining the McCormick name. Despite the deal's potential for significant cost savings and synergies, the market reacted negatively, causing McCormick's stock to plunge 6%. Cramer noted that McCormick now trades at 16 times earnings with a 3.81% yield, positioning it as a 'value play' in a market that currently favors growth and finds such value propositions unenticing.
Jim Cramer Says “For Sysco, the Jetro Acquisition’s Superb”
Jim Cramer praised Sysco's acquisition of Jetro, calling it "superb" and a "no-brainer" for the food service distributor. Despite an initial negative market reaction to the $21.6 billion cash and stock deal, Cramer believes the acquisition is strategically sound, as Jetro serves as a natural feeder to Sysco and enhances its position in the restaurant supply market. He also noted that both Sysco and McCormick, once growth companies, are now seen as value plays in a market less interested in value.
Sysco executive vice president Tom Peck to resign effective April 10
Sysco Corporation announced that Tom Peck, Executive Vice President and Chief Information and Digital Officer, will resign effective April 10 to pursue an opportunity in a different industry. The company stated there were no disagreements regarding his departure. This news comes amidst other significant developments for Sysco, including its intent to acquire Restaurant Depot for $29 billion, which has led to reiterated overweight and outperform ratings from Barclays and BMO Capital, respectively, despite a lowered price target from UBS due to acquisition complexities.
Weekly Market Update: Stocks Gain 3.39% as Technology Rises and Energy Falls
The Morningstar US Market Index increased by 3.39% for the week ending April 2, with technology and communication services leading the gains, while energy was the worst-performing sector. Alcoa and Uniti Group were among the top stock gainers, while Venture Global and Nike were among the biggest losers. The article also outlines key economic events scheduled for the following week.
Sysco Announces Resignation of Chief Information and Digital Officer
Sysco Corporation announced that its Executive Vice President and Chief Information and Digital Officer, Tom Peck, will resign effective April 10, 2026. Peck is leaving for an opportunity in a different industry, and his departure is not due to any disagreements with the company's operations or policies. Sysco, a global leader in foodservice distribution, currently has a "Buy" rating from analysts with a $90.00 price target on its stock (SYY).
Sysco's Tom Peck to Resign as Executive VP, Chief Information and Digital Officer
Sysco (SYY) announced that Tom Peck will resign from his position as Executive Vice President, Chief Information and Digital Officer, effective April 10, 2026. Peck is leaving to pursue another opportunity in a different industry, with no disagreements cited between him and the company. His replacement has not yet been disclosed.
Sysco executive vice president to resign from technology role
Sysco Corporation announced that Tom Peck, Executive Vice President and Chief Information and Digital Officer, will resign from his position effective April 10, 2026. Peck is leaving to pursue an opportunity in a different industry, and his departure was amicable with no disagreements regarding company operations. Sysco has not yet named a replacement for the role.
Sysco (NYSE: SYY) tech leader Tom Peck resigns for new industry role
Sysco Corporation announced that Tom Peck, its Executive Vice President and Chief Information and Digital Officer, is resigning from his position effective April 10, 2026. Peck is leaving to pursue an opportunity in a different industry, and his departure is not due to any disagreements with Sysco regarding operations, policies, or practices. This change represents a leadership transition in the company's technology and digital functions, as detailed in an 8-K filing.
This $29 Billion Food Supply Deal Is Freaking Out Independent Restaurants
Sysco, the largest restaurant supply distributor, announced its plan to acquire Jetro Restaurant Depot for $29.1 billion, raising concerns among independent restaurants. Critics argue that this merger could lead to increased prices and reduced competition, as Restaurant Depot currently offers a competitive alternative to Sysco for wholesale purchases. The Independent Restaurant Coalition is urging the FTC to block the deal, citing Sysco's past antitrust issues and the critical role cash-and-carry stores played for restaurants during the pandemic.
List of 11 Acquisitions by Performance Food Group (Apr 2026)
Performance Food Group has completed 11 acquisitions, with the most recent being Cheney Brothers in August 2024 for $2.1 billion. The company's peak acquisition years were 2017 and 2019, each with two acquisitions. All acquisitions have been within the United States, primarily in the food distribution, food service, and food & beverage sectors.
A Look At Performance Food Group’s Valuation After UBS Reiterates Buy Rating And Industry Tailwinds
Performance Food Group (PFGC) recently garnered attention after UBS reiterated a buy rating, primarily due to the company's strong position with independent restaurants and the strategic implications of Sysco’s Restaurant Depot acquisition. Despite recent short-term stock price declines, longer-term holders have seen significant gains. The stock is currently viewed as undervalued, with an estimated fair value of $117.50, but its high P/E ratio compared to peers suggests a premium valuation with less margin for error.
Restaurant Depot's sale to Sysco could hike food prices, some customers worry
Sysco's planned acquisition of Jetro Restaurant Depot is causing concern among some restaurant owners who fear it could lead to higher food prices and reduced convenience for independent businesses. While some believe the deal could improve efficiency, others, including the Independent Restaurant Coalition, are urging the FTC to block the sale, arguing it eliminates a crucial wholesale alternative for small restaurants. Sysco, however, maintains that Restaurant Depot will operate as a separate entity and that the two companies serve different market demographics.
A group of independent restaurants wants the FTC to block Sysco-Restaurant Depot deal
The Independent Restaurant Coalition is urging the FTC to block Sysco's proposed $29.1 billion acquisition of Restaurant Depot, arguing it would eliminate a vital alternative for many local operators. The IRC contends that the deal would limit competition, create a monopoly for Sysco, and significantly impact smaller restaurants already struggling with rising costs and shrinking margins. They highlight that Restaurant Depot currently offers independent restaurants competitive pricing without minimum order requirements or delivery fees, a crucial service that would be lost.
Sysco Jetro Deal Expands Cash And Carry Reach And Investor Questions
Sysco (NYSE:SYY) has agreed to acquire Jetro Restaurant Depot for US$29.1 billion, marking Sysco's entry into the cash-and-carry wholesale market. This strategic acquisition will integrate Jetro's warehouse network, which serves independent restaurants and small operators, into Sysco's operations while maintaining Jetro as a separate segment. The deal aims to leverage Sysco's purchasing scale with Jetro's customer reach, potentially changing Sysco's customer mix and requiring investors to monitor integration progress and financing implications.
The Bull Case For Performance Food Group (PFGC) Could Change Following UBS’s Focus On Independent Restaurants
UBS has reaffirmed its Buy rating on Performance Food Group (PFGC), emphasizing the company's strong exposure to independent restaurants as a key advantage in the evolving foodservice market. This renewed focus comes as competitive dynamics intensify, highlighted by Sysco's recent acquisition, and suggests that PFGC's long-term outlook may be influenced by its ability to capitalize on the independent restaurant sector's resilience and growth. Investors are encouraged to consider how these shifts, alongside PFG's refinancing activities, could shape the company's future performance and valuation.
Sysco to Buy Jetro Restaurant Depot (NYSE: SYY) — 166 Stores Added
Sysco (NYSE: SYY) announced its definitive agreement to acquire Jetro Restaurant Depot, a leading U.S. Cash & Carry food wholesaler with 166 stores across 35 states, serving over 725,000 independent restaurants. This acquisition aims to expand Sysco's channel reach, boost revenue, improve margins and free cash flow, and is expected to close by the third quarter of fiscal 2027. Jetro Restaurant Depot will operate as a standalone segment led by its current CEO, Richard Kirschner, with plans for additional store openings and job creation.
3/30/2026 S&P 500 Update - Winners: NOW, PANW, AJG - Losers: SYY, MU, COHR - S&P 500: -0.4%
This article provides an S&P 500 update for March 30, 2026, highlighting top-performing and underperforming stocks. ServiceNow (NOW), Palo Alto Networks (PANW), and Arthur J. Gallagher & Co. (AJG) were among the winners, while Sysco (SYY), Micron Technology (MU), and Coherent (COHR) were among the losers. The S&P 500 experienced a -0.4% change on this date.
Sysco: We Think Market May Be Overreacting to Acquisition of Jetro Restaurant Depot
Sysco announced its acquisition of Jetro Restaurant Depot for $29.1 billion, consisting of cash and shares. While Morningstar is skeptical of the omnichannel strategy, it sees reasonable cost synergies and does not expect a material change to Sysco's fair value estimate. Despite the market's initial negative reaction, Morningstar believes the acquisition price is fair and that concerns about increased leverage are overstated.
Waste Management (NYSE: WM) details 2026 proxy, board and ESPP vote
Waste Management (WM) has released details for its 2026 Annual Meeting of Stockholders, scheduled for May 12, 2026, in Houston. Shareholders will vote on electing nine directors, ratifying Ernst & Young LLP as the independent auditor, an advisory resolution on executive compensation, and an amendment to the Employee Stock Purchase Plan (ESPP) to increase authorized shares. The proxy statement also covers WM's executive compensation philosophy, including performance-based incentives and stock ownership guidelines, and board oversight of risk and sustainability.
Sysco Acquires Jetro Restaurant Depot for $29 Billion: How the Deal Affects Local Food Costs
Sysco's $29.1 billion acquisition of Jetro Restaurant Depot is poised to significantly reshape the food service industry for independent restaurants. While Sysco aims to expand access to affordable food and gain market leverage, the deal raises concerns about potential price increases and reduced competition for small operators. Regulators face the challenge of evaluating whether this vertical and horizontal consolidation reduces alternatives for independents, similar to past antitrust concerns with Sysco's proposed mergers.
Why Performance Food Group (PFGC) Stock Is Up Today
Shares of Performance Food Group (PFGC) rose 2% after UBS reiterated its Buy rating, citing the company's strong position in the independent restaurant market. The positive sentiment was further bolstered by competitor Sysco's announcement of a $29 billion acquisition of Restaurant Depot, highlighting growth potential in the food distribution space. Despite a recent drop due to missed Q4 2025 expectations and a weak financial outlook, the stock has shown positive returns over five years.
News | Sysco to buy Restaurant Depot and its real estate for $29.1 billion
Sysco, the largest U.S. food distributor, is acquiring Jetro Restaurant Depot in a $29.1 billion deal to expand into the profitable "cash and carry" segment of the restaurant industry. The acquisition includes Restaurant Depot's substantial real estate holdings, with plans for Sysco to add at least 125 new stores nationwide. This strategic move aims to combine the companies' strengths, increase purchasing efficiencies, and better serve local, independent restaurants, despite initial investor concerns about the debt Sysco is incurring.
U.S. Indexes Ended Monday Mixed As United Therapeutics Led, Sysco Lagged
U.S. stock indexes concluded Monday with mixed results. The Dow Jones Industrial Average rose by 0.11%, while the S&P 500 and Nasdaq Composite experienced declines of 0.39% and 0.73% respectively. United Therapeutics was noted as a leading stock, while Sysco lagged amongst the day's trading.
Watch Billionaire Kirsh Sells Jetro Restaurant Depot to Sysco for $29 Billion
Sysco Corp. is set to acquire Jetro Restaurant Depot LLC from billionaire Nathan "Natie" Kirsh for an estimated $29.1 billion. This acquisition will merge two major entities in the food-service industry, creating one of the largest food-service groups in the United States. Liana Baker reports on this significant business deal.
Why Performance Food Group (PFGC) Stock Is Up Today
Performance Food Group (PFGC) stock rose 2% after UBS reiterated its Buy rating, citing the company's strong position in the growing independent restaurant market. The move was also influenced by competitor Sysco's $29 billion acquisition of Restaurant Depot, which highlighted the value of the independent restaurant segment. Despite a recent dip due to missed Q4 2025 earnings and a weak outlook, PFGC shares are still up significantly over five years.
Market movers: Sysco, Rezolve AI, Alcoa, Fermi…
This article summarizes the recent stock movements and financial news for several companies including Sysco, Rezolve AI, Alcoa, and Fermi Inc. Key updates include Sysco's proposed acquisition of Jetro Restaurant Depot, Rezolve AI's strong Q4 2025 results, Alcoa's surge due to geopolitical events affecting aluminum supply, and Fermi's significant first-year loss. The report also touches upon updates for The Metals Company, Viridian Therapeutics, United Therapeutics, Spectra Systems, Altona Rare Earths, Directa Plus, Greatland Resources, and Rio Tinto.
Truist Securities maintains Hold on Fortune Brands stock at $55
Truist Securities has maintained a "Hold" rating on Fortune Brands Innovations Inc. (FBIN) with a $55 price target, citing anticipated margin pressure and weak consumer demand. The firm also lowered its 2026 EBITDA estimate for FBIN. Despite recent activist involvement and leadership changes, including the appointment of activist investor Ed Garden to the board, the stock has underperformed, with shares down significantly year-to-date.
Sysco buys Restaurant Depot for $29.1B — a jolt for Long Island indie restaurants
Sysco, the largest food distributor in the country, has announced its acquisition of Jetro Restaurant Depot for $29.1 billion. This deal is significant for Long Island's independent restaurants, many of whom rely on Restaurant Depot's warehouse model for their primary supplies. The acquisition's impact on pricing, membership, and the overall business model remains uncertain, though Sysco plans to expand the Restaurant Depot brand with over 125 new locations.
This Food Stock Just Clinched a $29 Billion Deal. But It’s Giving Wall Street Indigestion.
Sysco (SYY) has announced a $29.1 billion deal to acquire Jetro Restaurant Depot, marking its entry into the "cash and carry" wholesale business. This significant acquisition is causing concern for Wall Street. The article suggests this deal is giving investors "indigestion."
Food giant Sysco strikes $29 billion deal for catering supplier Restaurant Depot
Sysco announced a $29 billion acquisition of catering supplier Jetro Restaurant Depot, including debt, to expand its reach among independent restaurants and enter the higher-margin "cash-and-carry" business. Sysco's shares fell 8% premarket, and the company plans to finance the deal with new debt, cash, and equity. This acquisition is expected to boost Sysco's earnings per share and help lower prices for customers.
Sysco shares fall premarket as company announces $29 billion acquisition of Jetro Restaurant Depot
Sysco's shares declined in premarket trading following its announcement of a $29.1 billion acquisition of Jetro Restaurant Depot. This strategic move allows Sysco to enter the cash-and-carry wholesale market and expand its customer base, with plans to open over 125 new Jetro locations. The deal is expected to be accretive to Sysco's earnings per share in the first year and achieve significant cost synergies within three years.
Sysco shares slip after report of $29B Restaurant Depot acquisition
Shares of Sysco (SYY) experienced a slight decline following reports that the company is contemplating a potential $29 billion acquisition of Restaurant Depot. While the deal is not confirmed and could still fall through, the news has drawn attention to Sysco's strategic growth ambitions. This potential acquisition highlights Sysco's ongoing efforts to expand its market presence and product offerings within the foodservice industry.
