Cambridge Financial Group Inc. Sells 23,262 Shares of Sysco Corporation $SYY

Cambridge Financial Group Inc. decreased its holdings in shares of Sysco Corporation (NYSE:SYY) by 23.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,058 shares of the company’s stock after selling 23,262 shares during the period. Sysco accounts for about 2.9% of Cambridge Financial Group Inc.’s holdings, making the stock its 18th largest holding. Cambridge Financial Group Inc.’s holdings in Sysco were worth $5,761,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chung Wu Investment Group LLC bought a new position in shares of Sysco during the second quarter valued at approximately $30,000. N.E.W. Advisory Services LLC purchased a new position in Sysco during the 1st quarter valued at $33,000. Cheviot Value Management LLC bought a new position in Sysco in the 1st quarter worth $34,000. 1248 Management LLC purchased a new stake in shares of Sysco in the 1st quarter worth about $35,000. Finally, Banque Transatlantique SA bought a new stake in shares of Sysco during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Trading Up 3.2%

NYSE SYY opened at $75.22 on Monday. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 5.54. The stock’s fifty day moving average price is $79.44 and its 200-day moving average price is $77.13. The stock has a market cap of $36.02 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.19 and a beta of 0.79.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.03. Sysco had a return on equity of 112.04% and a net margin of 2.21%.The firm had revenue of $21.15 billion during the quarter, compared to analyst estimates of $21.03 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. Sysco’s quarterly revenue was up 3.2% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. As a group, equities analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Sysco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 3rd were issued a dividend of $0.54 per share. The ex-dividend date was Friday, October 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. Sysco’s dividend payout ratio is presently 57.91%.

Insider Buying and Selling at Sysco

In related news, EVP Ronald L. Phillips sold 961 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $81.00, for a total value of $77,841.00. Following the completion of the transaction, the executive vice president directly owned 41,501 shares in the company, valued at $3,361,581. The trade was a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 14,598 shares of company stock worth $1,182,438 over the last ninety days. 0.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SYY shares. Morgan Stanley set a $88.00 price target on shares of Sysco in a research note on Tuesday, October 21st. Guggenheim increased their target price on Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Citigroup dropped their price target on Sysco from $86.00 to $82.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Truist Financial increased their price objective on Sysco from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Bank of America raised their price objective on Sysco from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

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.