Cambiar Investors LLC Has $45.64 Million Position in Sysco Co. (NYSE:SYY)

Cambiar Investors LLC lowered its stake in Sysco Co. (NYSE:SYY - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 624,075 shares of the company's stock after selling 17,106 shares during the period. Sysco makes up about 1.8% of Cambiar Investors LLC's investment portfolio, making the stock its 19th largest holding. Cambiar Investors LLC owned approximately 0.12% of Sysco worth $45,639,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SYY. Means Investment CO. Inc. purchased a new position in Sysco during the 4th quarter worth approximately $202,000. Pavion Blue Capital LLC purchased a new position in Sysco during the 4th quarter worth approximately $215,000. Mirae Asset Global Investments Co. Ltd. grew its position in Sysco by 8.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,150 shares of the company's stock worth $6,885,000 after purchasing an additional 6,981 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Sysco by 0.3% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,184,113 shares of the company's stock worth $86,988,000 after purchasing an additional 3,063 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in Sysco by 7.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 11,165 shares of the company's stock worth $817,000 after purchasing an additional 806 shares in the last quarter. Institutional investors own 83.41% of the company's stock.

Sysco Stock Performance

Shares of NYSE:SYY traded up $0.12 during trading on Friday, reaching $76.67. The stock had a trading volume of 3,575,971 shares, compared to its average volume of 2,561,314. The firm has a market capitalization of $38.17 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 1.56 and a beta of 1.15. Sysco Co. has a 52 week low of $62.24 and a 52 week high of $82.89. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 5.00. The stock has a fifty day simple moving average of $80.15 and a two-hundred day simple moving average of $73.77.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. Sysco had a return on equity of 105.22% and a net margin of 2.69%. The company had revenue of $19.29 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same period last year, the business posted $0.80 earnings per share. The firm's revenue was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that Sysco Co. will post 4.3 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.61%. Sysco's payout ratio is 48.90%.

Insider Buying and Selling

In other Sysco news, CAO Neil Russell sold 1,722 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $80.00, for a total value of $137,760.00. Following the completion of the sale, the chief accounting officer now directly owns 24,082 shares of the company's stock, valued at approximately $1,926,560. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

SYY has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Sysco from $84.00 to $87.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 19th. StockNews.com cut Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 1st. BMO Capital Markets upped their target price on Sysco from $85.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. Stephens lifted their price target on Sysco from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, January 31st. Finally, Barclays increased their price objective on Sysco from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $85.38.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.