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KLP Kapitalforvaltning AS Decreases Stock Position in Sysco Corporation $SYY
KLP Kapitalforvaltning AS reduced its stake in Sysco Corporation (NYSE:SYY) by 18.7% in the fourth quarter, selling 83,400 shares and ending with 363,300 shares valued at approximately $26.77 million. Despite this, Wall Street analysts maintain a “Moderate Buy” rating for Sysco, with an average price target of $87.85. Sysco recently reported strong Q4 EPS of $0.99, beat revenue estimates, set FY2026 EPS guidance, and increased its quarterly dividend to $0.55 per share.