Cambiar Investors LLC Grows Position in Sysco Co. (NYSE:SYY)

Cambiar Investors LLC lifted its holdings in shares of Sysco Co. (NYSE:SYY - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 709,431 shares of the company's stock after purchasing an additional 93,729 shares during the period. Sysco accounts for 2.2% of Cambiar Investors LLC's holdings, making the stock its 14th biggest holding. Cambiar Investors LLC owned about 0.14% of Sysco worth $54,243,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sapient Capital LLC lifted its holdings in Sysco by 2.0% in the fourth quarter. Sapient Capital LLC now owns 10,973 shares of the company's stock valued at $839,000 after buying an additional 211 shares during the period. Panoramic Capital Partners LLC acquired a new position in Sysco in the fourth quarter valued at $549,000. Equitable Trust Co. lifted its holdings in Sysco by 18.1% in the fourth quarter. Equitable Trust Co. now owns 40,572 shares of the company's stock valued at $3,102,000 after buying an additional 6,208 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Sysco in the fourth quarter valued at $105,000. Finally, Harbour Trust & Investment Management Co lifted its holdings in Sysco by 0.5% in the fourth quarter. Harbour Trust & Investment Management Co now owns 62,168 shares of the company's stock valued at $4,753,000 after buying an additional 294 shares during the period. Institutional investors and hedge funds own 83.41% of the company's stock.

Insider Activity

In other Sysco news, EVP Greg D. Bertrand sold 21,844 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the transaction, the executive vice president now directly owns 60,581 shares in the company, valued at $4,846,480. The trade was a 26.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Eve M. Mcfadden sold 6,499 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the transaction, the senior vice president now directly owns 48,451 shares of the company's stock, valued at $3,876,080. This represents a 11.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,270 shares of company stock valued at $6,181,946 over the last three months. Corporate insiders own 0.54% of the company's stock.

Sysco Stock Down 1.1 %

NYSE:SYY traded down $0.78 during trading hours on Friday, hitting $71.10. 2,542,035 shares of the company traded hands, compared to its average volume of 3,490,244. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The company has a market cap of $34.78 billion, a PE ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.17. The firm's 50-day simple moving average is $75.07 and its 200-day simple moving average is $75.86. Sysco Co. has a one year low of $69.03 and a one year high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the previous year, the firm earned $0.89 EPS. Equities analysts predict that Sysco Co. will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SYY shares. JPMorgan Chase & Co. dropped their target price on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. StockNews.com raised shares of Sysco from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. UBS Group decreased their price target on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group lifted their price target on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $85.00 price target on shares of Sysco in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $84.38.

Sysco Profile

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.