Mondrian Investment Partners 13F: Cuts Sysco (SYY) Stake by $38M

Mondrian Investment Partners cut its stake in Sysco Corporation (NYSE:SYY) by 54.4%, selling 490,827 shares during the quarter, according to a Form 13F filing disclosed on October 23, 2026.

SYY Sysco Corporation

$81.37 ▲ +14.44% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Mondrian Investment Partners's Sysco Position

The institutional investor trimmed its holdings significantly, going from 903,011 shares down to 412,184 shares. The remaining stake carried a reported value of $32,133,865 at the time of the filing. Sysco closed at $81.37 on the filing date.

Other Institutional Activity in Sysco Corporation

Ninety One UK grew its holdings by 2,131,238 shares, ending with 2,131,238 shares worth about $166,151,319. Ninety One North America added a new position of 35,987 shares valued at about $2,805,547. PensionDanmark Pensionsforsikringsaktieselskab cut its stake by 43,648 shares, or 53.3%, finishing with 38,182 shares worth roughly $2,976,669. Harris Associates L.P. lifted its holdings by 5,283,271 shares, a 48.0% increase that left it with 16,292,380 shares valued at $1,325,711,005. Boston Partners cut its position by 4,394,612 shares, a 41.5% reduction down to 6,189,713 shares worth $503,656,963.

Sysco Corporation Stock Down 0.8%

Sysco shares recently traded around $81.37 as of October 24, 2026, which is about equal to the close of $81.37 on the filing date. The stock trades above its 50-day moving average of $80.59 and above its 200-day moving average of $80.26. The share price sits below its 52-week high of $91.85 and above its 52-week low of $68.19.

Recent Earnings

Sysco generated trailing-twelve-month revenue of $84.55 billion with an EPS of $3.75. The company posted a net profit margin of 2.1% and a return on equity of 77.7%. Its next earnings report is scheduled for November 3, 2026.

Dividend

Sysco pays an annual dividend of $2.20 per share, giving it a dividend yield of 2.62% based on recent trading levels. The company's payout ratio stands at 59.3%.

Insider Buying and Selling at Sysco Corporation

Officer Ronald L Phillips completed three sales during the period, starting with 6,652 shares on August 11, 2026, for $558,167. Phillips followed that with a sale of 7,856 shares on August 24, 2026, valued at $657,083, and a final sale of 1,017 shares on September 14, 2026, worth $84,486.

Analysts Set New Price Targets

Wall Street firms updated their views ahead of the filing. UBS maintained a Buy rating with a $95 target on August 5, 2026, while Citigroup kept a Neutral rating and raised its target to $86. Piper Sandler maintained a Neutral rating with an increased target of $84 on August 5, 2026. Later, JP Morgan kept an Overweight rating with a $95 target on September 29, 2026, and Morgan Stanley maintained an Equal-Weight rating with a $91 target on October 15, 2026. Sysco holds a consensus buy rating with a mean price target of $91.08 across 12 analyst opinions.

About Sysco Corporation

Sysco Corporation is a Houston-based food distribution company that supplies restaurants, healthcare facilities, schools, and lodging providers with food and related products. The company operates through several distinct foodservice segments across domestic and international markets, acting as a major supply chain partner for the food-away-from-home industry.

Bottom Line

Investors will watch Sysco's upcoming earnings release on November 3, 2026, for further insight into the company's operational growth and margins. Future institutional filings will also show whether other large funds follow Mondrian's lead in trimming exposure to the distributor.