Sysco shares slide as investors digest leverage and dilution tied to $29B Restaurant Depot deal

Sysco Corporation (SYY) is down 12.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to Sysco’s announcement that it will acquire Jetro Restaurant Depot in a roughly $29.1 billion cash-and-stock transaction. While management is positioning the deal as strategically attractive, the market may be focused on the large new-debt financing, potential shareholder dilution, and execution/regulatory uncertainty that often comes with mega-deals. ([apnews.com](https://apnews.com/article/8f5585941e24cfb4f46a8fcc6bbd0e1d?utm_source=openai))

Details:

Sysco and Jetro Restaurant Depot entered into a definitive agreement for Sysco to acquire the cash-and-carry wholesaler, expanding Sysco into the Cash & Carry channel. ([stocktitan.net](https://www.stocktitan.net/news/SYY/sysco-to-acquire-jetro-restaurant-depot-to-expand-into-higher-margin-a7tozcme90mw.html?utm_source=openai))

The consideration includes about $21.6 billion in cash plus 91.5 million Sysco shares, implying an enterprise value of about $29.1 billion based on Sysco’s March 27, 2026 close. ([apnews.com](https://apnews.com/article/8f5585941e24cfb4f46a8fcc6bbd0e1d?utm_source=openai))

Sysco disclosed plans to fund the cash portion largely with roughly $21 billion of new debt and to pause share repurchases to bring leverage back down, which can pressure sentiment in the near term. ([stocktitan.net](https://www.stocktitan.net/news/SYY/sysco-to-acquire-jetro-restaurant-depot-to-expand-into-higher-margin-a7tozcme90mw.html?utm_source=openai))

The transaction has been approved by both boards but remains subject to regulatory approval, leaving a window for antitrust or timing-related uncertainty. ([apnews.com](https://apnews.com/article/8f5585941e24cfb4f46a8fcc6bbd0e1d?utm_source=openai))

Sources:

AP News, Sysco (press release/8-K), SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SYY Insider Trading Activity

$SYY insiders have traded $SYY stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $SYY stock by insiders over the last 6 months:

RONALD L PHILLIPS (EVP and CHRO) sold 5,601 shares for an estimated $453,681
SHEILA TALTON sold 2,801 shares for an estimated $232,454

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$SYY Hedge Fund Activity

We have seen 614 institutional investors add shares of $SYY stock to their portfolio, and 846 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 14,933,214 shares (-76.0%) from their portfolio in Q4 2025, for an estimated $1,100,428,539
AMERICAN CENTURY COMPANIES INC added 2,961,272 shares (+337.1%) to their portfolio in Q4 2025, for an estimated $218,216,133
JPMORGAN CHASE & CO removed 2,478,724 shares (-62.5%) from their portfolio in Q4 2025, for an estimated $182,657,171
BOSTON PARTNERS removed 1,763,222 shares (-14.1%) from their portfolio in Q4 2025, for an estimated $129,931,829
MILLENNIUM MANAGEMENT LLC removed 1,545,778 shares (-47.7%) from their portfolio in Q4 2025, for an estimated $113,908,380
QUBE RESEARCH & TECHNOLOGIES LTD added 1,442,942 shares (+inf%) to their portfolio in Q4 2025, for an estimated $106,330,395
CANOE FINANCIAL LP removed 1,427,181 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $105,168,967

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$SYY Government Contracts

We have seen $104,292,761 of award payments to $SYY over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

FOOD & DAIRY PRODUCTS (SYSCO) FOR HASKELL INDIAN NATIONS UNIVERSITY.: $983,686
FOOD & DAIRY PRODUCTS (SYSCO) FOR CHEYENNE-EAGLE BUTTE SCHOOL: $969,238
FOOD & DAIRY PRODUCTS IDIQ (SYSCO) FOR TURTLE MOUNTAIN ELEMENTARY SCHOOL: $783,135
4568198189!BEEF FAJITA STRIPS, RAW, FZN,: $777,928
FOOD & DAIRY PRODUCTS (SYSCO) FOR PINE RIDGE SCHOOL: $697,973

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$SYY Congressional Stock Trading

Members of Congress have traded $SYY stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $SYY stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$SYY Analyst Ratings

Wall Street analysts have issued reports on $SYY in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Jefferies issued a "Buy" rating on 01/28/2026
JP Morgan issued a "Overweight" rating on 01/28/2026
Wells Fargo issued a "Overweight" rating on 01/28/2026
Barclays issued a "Overweight" rating on 01/28/2026
Guggenheim issued a "Buy" rating on 10/06/2025

To track analyst ratings and price targets for $SYY, check out Quiver Quantitative's $SYY forecast page.

$SYY Price Targets

Multiple analysts have issued price targets for $SYY recently. We have seen 11 analysts offer price targets for $SYY in the last 6 months, with a median target of $92.0.

Here are some recent targets:

Edward Kelly from Wells Fargo set a target price of $100.0 on 02/19/2026
John Heinbockel from Guggenheim set a target price of $95.0 on 02/13/2026
Jake Bartlett from Truist Securities set a target price of $94.0 on 01/28/2026
Karen Holthouse from Citigroup set a target price of $88.0 on 01/28/2026
Jeffrey Bernstein from Barclays set a target price of $92.0 on 01/28/2026
John Ivankoe from JP Morgan set a target price of $87.0 on 01/28/2026
Adam Samuelson from Jefferies set a target price of $95.0 on 01/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.