Harris Associates L P Adds $247M in Sysco Corporation ($SYY)
Key Points
- Harris Associates L P changed its Sysco Corporation ($SYY) stake by 39.1% last quarter, boosting to 11,009,012 shares worth $876.76 million.
- Wall Street's consensus rating on $SYY is Buy and an average price target of $86.87.
- $SYY last traded around $79.64.
Harris Associates L P increased its position in Sysco Corporation ($SYY) by 39.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,009,012 shares of Sysco Corporation after buying 3,095,401 shares during the quarter. Harris Associates L P's holdings in Sysco Corporation were worth $876.76 million as of its most recent filing.
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About Sysco Corporation
Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; imported specialties; and fresh produce products. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of glassware and silverware; cookware, such as pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. It serves restaurants, hospitals and nursing facilities, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. Sysco Corporation was incorporated in 1969 and is headquartered in Houston, Texas.
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