Sysco stock funds Jetro deal through a USD 1 billion offering
Published on 09/29/2026 at 08:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Sysco stock (ISIN US8718291078) was last at USD 78.57 on the NYSE on September 28, 2026 at 4:00 p.m. ET, up 0.14% from the prior close. The latest financing move supports Sysco's proposed Jetro Restaurant Depot acquisition and adds leverage to the investment case.
Jetro funding raises the stakes
MarketScreener reported on September 14, 2026 that Sysco priced 12,345,679 common shares at USD 81.00 each, creating a USD 1 billion offering. Sysco said the net proceeds would finance part of the consideration for Jetro Restaurant Depot.
The transaction changes the balance between growth and financial risk. StockTitan reported that net debt to adjusted EBITDA stood at 2.7x at the end of fiscal 2026 and is expected to reach 4.5x when the transaction closes. That projected increase makes the planned deleveraging path important for shareholders.
Fiscal growth has two speeds
For the 52-week period ended June 27, 2026, Sysco generated USD 84.6 billion in GAAP sales, up 3.9% from USD 81.4 billion a year earlier, according to StockTitan. Adjusted EPS increased 3.4% to USD 4.61 from USD 4.46, while GAAP diluted EPS fell to USD 3.66 from USD 3.73.
The company reaffirmed fiscal 2027 guidance for sales growth of 6% to 7% and adjusted EPS growth of 9% to 11%. Its longer-term plan also includes a USD 500 million annualized AI and technology efficiency program targeted for fiscal 2029, giving the deal and the cost program a shared earnings rationale.
Analyst target exceeds the market price
Investing.com reported on September 16, 2026 that Guggenheim maintained a Buy rating and a USD 90.00 price target after the equity offering. MarketBeat listed a Moderate Buy consensus based on 9 buys, 6 holds and 1 sell, with an average target of USD 89.50.
That target stands above the USD 78.57 last price, but the market is also weighing the higher financing burden. The next dated shareholder checkpoint is the USD 0.55 quarterly dividend ex-date on October 2, 2026, as listed by MarketScreener.
Stock remains below yearly high
Sysco stock was last at USD 78.57 on the NYSE on September 28, 2026 at 4:00 p.m. ET, with a 52-week range of USD 68.19 to USD 91.85 and volume of 4,084,546 shares. Its market capitalization was USD 37.6 billion on that date, leaving the share price 14.46% below the yearly high.
Sysco stock data
- Company: Sysco Corporation
- ISIN: US8718291078
- Ticker: SYY
- Trading venue: NYSE
- Price (as of September 28, 2026, 4:00 p.m. ET): USD 78.57 (last at)
- Market capitalization: USD 37.6 billion (as of September 28, 2026)
- 52-week range: USD 68.19-91.85 (as of September 28, 2026)
- Sector / Industry: Consumer Defensive / Food Distribution
