Barrow Hanley Mewhinney & Strauss LLC Makes New $20.64 Million Investment in Sysco Corporation $SYY

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 246,887 Sysco shares worth approximately $20.64 million, while institutional investors collectively own 83.41% of the company.
• Sysco’s latest quarter exceeded expectations, with adjusted EPS of $1.53 and revenue of $22.12 billion, up 4.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $89.50.
• The company reaffirmed fiscal 2027 growth targets and announced AI initiatives, including $100 million in planned cost savings, while its proposed Jetro Restaurant Depot acquisition remains subject to regulatory, financing, integration, and execution risks.

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Sysco Corporation (NYSE:SYY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 246,887 shares of the company's stock, valued at approximately $20,635,000. Barrow Hanley Mewhinney & Strauss LLC owned about 0.05% of Sysco as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lloyd Advisory Services LLC. purchased a new stake in shares of Sysco in the 4th quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new position in Sysco during the 4th quarter worth $25,000. Sunbelt Securities Inc. increased its holdings in shares of Sysco by 87.6% during the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company's stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. Torren Management LLC purchased a new position in shares of Sysco in the fourth quarter worth $27,000. Finally, Bard Associates Inc. acquired a new stake in Sysco during the 4th quarter worth about $27,000. Institutional investors own 83.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SYY. UBS Group increased their price objective on shares of Sysco from $90.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Melius Research downgraded shares of Sysco from a "hold" rating to a "sell" rating in a research report on Tuesday, July 7th. Sanford C. Bernstein lowered their price objective on Sysco from $90.00 to $85.00 and set a "market perform" rating on the stock in a report on Wednesday, April 29th. Citigroup increased their target price on Sysco from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Piper Sandler boosted their price target on Sysco from $77.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.50.

Sysco News Roundup

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Sysco appointed Jason Murray, a former Amazon supply-chain technology executive, and Tom Ondrof, a former Aramark CFO, to its board effective September 1. Their expertise in artificial intelligence, logistics, foodservice, finance, and mergers could strengthen execution and governance. Sysco Announces Strategic Board Appointments and AI Transformation Initiatives
• Positive Sentiment: The company reiterated fiscal 2027 targets of 6%–7% revenue growth and 9%–11% adjusted EPS growth, including a planned $100 million AI-enabled cost-savings program. Sysco is also upgrading its technology committee to oversee the broader AI transformation. Sysco Gains After Highlighting Board Changes and AI Initiatives
• Positive Sentiment: D.E. Shaw reportedly owns more than $1 billion of Sysco stock and supports the AI strategy and pending Jetro Restaurant Depot acquisition. Its expected participation in the transaction’s capital raise signals institutional confidence in Sysco’s long-term plans. D.E. Shaw Owns More Than $1 Billion Stake in Sysco
• Positive Sentiment: Sysco declared a quarterly dividend of $0.55 per share, payable October 23 to shareholders of record October 2. The maintained payout provides income support and indicates continued confidence in cash generation. Sysco Declares Quarterly Dividend Payment
• Neutral Sentiment: Persistent food inflation and uncertainty around tariffs remain industry-wide considerations. Higher food costs can lift Sysco’s reported sales, but may pressure restaurant demand, customer margins, and Sysco’s profitability if costs cannot be passed through. Trump's 90-Day Inflation Band-Aid
• Negative Sentiment: The Jetro Restaurant Depot acquisition still carries regulatory, financing, integration, and execution risks. Any delays, dilution, or failure to deliver expected synergies could weigh on SYY despite the positive strategic narrative.

Insider Buying and Selling at Sysco

In other news, Director John M. Hinshaw purchased 13,304 shares of the business's stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $75.17 per share, with a total value of $1,000,061.68. Following the purchase, the director directly owned 40,200 shares of the company's stock, valued at $3,021,834. This represents a 49.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ronald L. Phillips sold 6,285 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $83.94, for a total value of $527,562.90. Following the transaction, the executive vice president directly owned 39,970 shares of the company's stock, valued at $3,355,081.80. The trade was a 13.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.56% of the company's stock.

Sysco Stock Performance

NYSE:SYY opened at $84.04 on Monday. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The company has a 50 day moving average price of $82.65 and a 200 day moving average price of $80.63. The stock has a market capitalization of $40.23 billion, a P/E ratio of 22.96, a PEG ratio of 2.87 and a beta of 0.64. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.77 and a current ratio of 1.28.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. The business had revenue of $22.12 billion for the quarter, compared to analysts' expectations of $21.95 billion. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 earnings per share. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Equities research analysts forecast that Sysco Corporation will post 5.12 EPS for the current year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 2nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 2nd. Sysco's dividend payout ratio is presently 60.11%.

About Sysco

Sysco Corporation NYSE: SYY is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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