Sysco Prices Stock Offering at $81 a Share

Sysco (SYY) priced 12.34M shares at $81 each to fund Jetro Restaurant Depot acquisition, causing a 2.2% after-hours drop. The company offers a 2.6% dividend yield, 3.3% growth, and is 0.9% undervalued per GF Value. Insiders sold more shares than bought, while 20 gurus hold the stock.

Sysco (SYY) priced a public offering of 12,345,679 common shares at $81.00 each, with an expected closing on September 16, 2026. The company may raise an additional $150 million through an underwriter option. Proceeds will fund part of its pending acquisition of Jetro Restaurant Depot. The offering is managed by several banks, including Goldman Sachs and TD Securities.

Sysco priced a public offering of 12.3 million common shares at $81 each, according to the company. The food distribution giant aims to raise funds through this stock sale.

Sysco (SYY) filed an 8-K with the SEC on September 14, 2026, incorporating merger documents for its deal with Jetro Restaurant Depot. The agreement was signed on March 30, 2026. Sysco's stock trades on the NYSE. GuruFocus estimates its fair value at $84.30, with 20 gurus holding the stock.

Sysco's stock fell 3.7% in after-hours trading to $80.49 after announcing a $1.0 billion common stock offering to partially fund its Jetro acquisition. The offering may reach $1.15 billion with underwriters' option. The broader market showed minimal movement, with the S&P 500, Dow Jones, and Nasdaq each gaining 0.1% to 0.2%.

Sysco (NYSE: SYY) shares dropped 2.9% after announcing a $1.0 billion common stock offering, with an additional $150 million option for underwriters. The company plans to use proceeds to finance part of its pending acquisition of Jetro Restaurant Depot, which is not contingent on the offering's completion.