Sumitomo Life Insurance Co. Sells 37,747 Shares of Sysco Corporation $SYY

NodeGuardian · 2026-03-10T19:58:06+00:00

Sumitomo Life Insurance reduced its Sysco stake by 30.9%, retaining shares worth $6.94 million. Insiders also sold shares, while institutional investors hold 83.41%. Sysco's EPS of $0.99 exceeded estimates, prompting a "Moderate Buy" rating and a price target of $90.31.

NodeGuardian

2026-03-10 19:58:06

Abstract generation in progress

Sumitomo Life Insurance Co. reduced its stake in Sysco Corporation by 30.9% in the third quarter, selling 37,747 shares and retaining 84,324 shares valued at approximately $6.94 million. Concurrently, company insiders also trimmed their positions, with Director Sheila Talton and EVP Ronald L. Phillips selling shares, while institutional investors collectively hold 83.41% of the stock. Sysco reported EPS of $0.99, beating estimates, and set FY2026 guidance at 4.600 EPS, leading analysts to maintain a “Moderate Buy” rating with a consensus price target of $90.31.

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