TD Waterhouse Canada Inc. Sells 34,136 Shares of Sysco Corporation $SYY

Posted by Francis Steltz on Oct 24th, 2026

TD Waterhouse Canada Inc. trimmed its holdings in Sysco Corporation (NYSE:SYY – Free Report) by 90.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,756 shares of the company’s stock after selling 34,136 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sysco were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. United Capital Financial Advisors LLC bought a new stake in Sysco in the 2nd quarter valued at $2,633,000. Rakuten Investment Management Inc. acquired a new stake in Sysco in the 2nd quarter worth $6,523,000. Empowered Funds LLC bought a new position in shares of Sysco during the 2nd quarter worth about $9,370,000. Banque Cantonale Vaudoise increased its holdings in shares of Sysco by 301.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 16,828 shares of the company’s stock worth $1,200,000 after purchasing an additional 12,641 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Sysco during the 2nd quarter worth about $482,589,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Transactions at Sysco

In other Sysco news, EVP Ronald Phillips sold 7,350 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $83.61, for a total transaction of $614,533.50. Following the completion of the transaction, the executive vice president owned 38,650 shares in the company, valued at $3,231,526.50. This trade represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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. Insiders have sold a total of 15,525 shares of company stock valued at $1,299,736 over the last three months. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SYY shares. Piper Sandler upped their price objective 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. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research report on Saturday. Guggenheim restated a “buy” rating and set a $90.00 price target on shares of Sysco in a research note on Wednesday, September 16th. Morgan Stanley boosted their price target on Sysco from $88.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Finally, Melius Research cut Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.42.

View Our Latest Report on Sysco

Sysco Trading Down 3.1%

Shares of Sysco stock opened at $81.38 on Friday. The firm has a market capitalization of $40.04 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.87 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77. The company’s fifty day moving average price is $80.49 and its two-hundred day moving average price is $79.29. Sysco Corporation has a 52-week low of $68.19 and a 52-week high of $91.85.

Sysco (NYSE:SYY – Get Free Report) last announced its quarterly earnings data 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 company had revenue of $22.12 billion during the quarter, compared to analysts’ expectations of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 EPS. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, analysts expect that Sysco Corporation will post 5.10 EPS for the current year.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 2nd were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, October 2nd. Sysco’s dividend payout ratio is 60.11%.

Sysco Company Profile

(Free Report)

Sysco Corporation is a global foodservice distribution company headquartered in Houston, Texas. It supplies food and related products to restaurants, healthcare and educational institutions, hotels, government facilities, and other foodservice operators.

The company distributes a broad range of products, including fresh and frozen foods, meat and seafood, produce, dairy products, canned and packaged goods, beverages, and specialty food items. Sysco also provides nonfood products such as kitchen and dining supplies, equipment, and cleaning products, along with services intended to help customers manage menus, procurement, and operations.

Founded in 1969, Sysco serves customers primarily across the United States and Canada, as well as in parts of Europe and other international markets.