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Royal Bank of Canada Boosts Stake in Sysco Corporation

Guavy AI Editorial Team
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CAD
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Royal Bank of Canada has significantly increased its stake in Sysco Corporation by purchasing an additional 1,326,600 shares during the first quarter.

The company now owns 2,357,585 shares of Sysco's stock after buying more than double its previous holdings.

According to the firm's Form 13F filing with the Securities & Exchange Commission, Royal Bank of Canada's stake in Sysco is worth approximately $168,166,000 at the end of the most recent quarter.

This acquisition by Royal Bank of Canada represents a substantial increase in institutional ownership, as 83.41% of Sysco's stock is currently owned by institutional investors and hedge funds.

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