Cambiar Investors LLC Purchases 71,221 Shares of Sysco Corporation $SYY

Key Points

• Cambiar Investors LLC increased its stake in Sysco by 16.8%, buying 71,221 shares to hold 494,509 shares worth about $36.44 million (roughly 0.10% of the company).
• Sysco reported quarterly EPS of $0.99 (beat by $0.01) and revenue of $20.76 billion (up 3% YOY), set FY2026 guidance at 4.600 EPS, and the stock carries a consensus rating of “Moderate Buy” with a $87.85 price target.
• Sysco declared a quarterly dividend of $0.54 ($2.16 annualized, ~3.0% yield) with an ex-dividend date of April 2 and payment on April 24.

Cambiar Investors LLC increased its position in Sysco Corporation (NYSE:SYY - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,509 shares of the company's stock after purchasing an additional 71,221 shares during the period. Cambiar Investors LLC owned approximately 0.10% of Sysco worth $36,440,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Gateway Investment Advisers LLC lifted its stake in Sysco by 594.8% during the 3rd quarter. Gateway Investment Advisers LLC now owns 85,622 shares of the company's stock valued at $7,050,000 after acquiring an additional 73,298 shares during the period. AE Wealth Management LLC lifted its stake in Sysco by 320.9% during the 3rd quarter. AE Wealth Management LLC now owns 79,589 shares of the company's stock valued at $6,553,000 after acquiring an additional 60,680 shares during the period. Krilogy Financial LLC lifted its stake in Sysco by 65.6% during the 3rd quarter. Krilogy Financial LLC now owns 42,435 shares of the company's stock valued at $3,494,000 after acquiring an additional 16,807 shares during the period. Accurate Wealth Management LLC bought a new position in Sysco during the 3rd quarter valued at about $2,497,000. Finally, Carrera Capital Advisors bought a new position in Sysco during the 3rd quarter valued at about $3,611,000. Institutional investors own 83.41% of the company's stock.

Analyst Ratings Changes

SYY has been the topic of several research analyst reports. Truist Financial upped their target price on shares of Sysco from $90.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Morgan Stanley lowered their target price on shares of Sysco from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 20th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Sysco in a research report on Wednesday, January 28th. UBS Group reduced their price target on shares of Sysco from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Thursday, April 2nd. Finally, Wells Fargo & Company upped their price target on shares of Sysco from $92.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $87.85.

Insider Activity at Sysco

In related news, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the sale, the executive vice president directly owned 35,965 shares of the company's stock, valued at approximately $2,913,165. This represents a 13.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sheila Talton sold 2,801 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the sale, the director directly owned 12,868 shares of the company's stock, valued at $1,067,915.32. This represents a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.56% of the company's stock.

Sysco Price Performance

NYSE SYY opened at $72.86 on Friday. Sysco Corporation has a 52 week low of $68.00 and a 52 week high of $91.85. The firm has a market capitalization of $34.89 billion, a P/E ratio of 19.58, a PEG ratio of 2.63 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The company has a 50-day moving average price of $83.48 and a 200-day moving average price of $79.00.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The firm had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Equities research analysts anticipate that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 2nd. Sysco's dividend payout ratio is currently 58.06%.

Sysco Company Profile

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.

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