7,584 Sysco Corporation $SYY Shares Bought by Kornitzer Capital Management Inc. KS

Posted by Brian Himes on Nov 8th, 2026

Kornitzer Capital Management Inc. KS increased its stake in shares of Sysco Corporation (NYSE:SYY – Free Report) by 3.7% during the third quarter, HoldingsChannel reports. The fund owned 211,700 shares of the company’s stock after buying an additional 7,584 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Sysco were worth $16,504,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Sysco during the 2nd quarter worth about $3,596,356,000. Bank of America Corp DE acquired a new stake in shares of Sysco in the 2nd quarter valued at about $482,589,000. Dimensional Fund Advisors LP lifted its holdings in shares of Sysco by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,667,412 shares of the company’s stock valued at $332,871,000 after purchasing an additional 59,685 shares in the last quarter. Primecap Management Co. CA bought a new stake in shares of Sysco in the second quarter valued at about $313,503,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sysco in the second quarter valued at about $273,323,000. 83.41% of the stock is owned by institutional investors.

Sysco Trading Up 2.1%

Shares of NYSE:SYY opened at $76.85 on Friday. The company’s 50-day moving average price is $79.89 and its two-hundred day moving average price is $80.50. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.46 and a quick ratio of 0.77. Sysco Corporation has a one year low of $68.19 and a one year high of $91.85. The stock has a market capitalization of $37.83 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.88 and a beta of 0.66.

Sysco (NYSE:SYY – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.19 EPS for the quarter, hitting analysts’ consensus estimates of $1.19. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $22.02 billion. Sysco had a net margin of 2.12% and a return on equity of 79.24%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 EPS. On average, equities analysts forecast that Sysco Corporation will post 5.06 EPS for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 2nd were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.20 annualized dividend and a yield of 2.9%. Sysco’s dividend payout ratio is 58.51%.

More Sysco News

Here are the key news stories impacting Sysco this week:

Positive Sentiment: Director Thomas Gerard Ondrof purchased 2,500 shares at an average price of $76.62, a modest sign of insider confidence. Director stock purchase
Neutral Sentiment: Citigroup lowered its price target from $87 to $84 and maintained a Hold/neutral rating. The target still implies potential upside from the cited share price, but the reduction reflects more restrained expectations. Citi rating
Negative Sentiment: JPMorgan also lowered its expectations for SYY, adding to a cautious analyst tone. JPMorgan expectations
Negative Sentiment: Sysco’s latest quarterly revenue of $21.74 billion fell short of analyst estimates, although earnings per share matched expectations at $1.19 and revenue grew 2.8% year over year. Recent trading and results context
Negative Sentiment: The proposed $29.1 billion Jetro Restaurant Depot acquisition is still awaiting FTC clearance; regulatory and cost exposure has drawn investor scrutiny and could add uncertainty. Acquisition investigation notice

Insider Activity at Sysco

In related news, Director Thomas Gerard Ondrof acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were bought at an average price of $76.62 per share, for a total transaction of $191,550.00. Following the purchase, the director directly owned 2,500 shares in the company, valued at approximately $191,550. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ronald L. Phillips sold 7,350 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $83.61, for a total value of $614,533.50. Following the sale, the executive vice president owned 38,650 shares in the company, valued at approximately $3,231,526.50. This represents a 15.98% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 15,525 shares of company stock valued at $1,299,736 over the last three months. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SYY shares. Deutsche Bank Aktiengesellschaft upped their price objective on Sysco from $86.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. DA Davidson lifted their target price on Sysco from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. cut their target price on Sysco from $95.00 to $92.00 in a research note on Wednesday. Bank of America upped their price target on Sysco from $91.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Citigroup decreased their price target on shares of Sysco from $87.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.13.

View Our Latest Report on Sysco

Sysco Profile

(Free Report)

Sysco Corporation is a food distribution company headquartered in Houston, Texas. Founded in 1969, it supplies food and related products to customers in the foodservice and hospitality industries.

The company distributes fresh and frozen foods, meat, seafood, produce, dairy products, and pantry staples, as well as kitchen equipment, cleaning supplies, and other nonfood items. Its customers include restaurants, health care and educational facilities, lodging businesses, and other organizations that prepare and serve meals.

Sysco serves customers across the United States and in international markets, including Canada and parts of Europe.