Sysco Co. (NYSE:SYY) Shares Bought by National Pension Service

National Pension Service raised its stake in shares of Sysco Co. (NYSE:SYY - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,006,128 shares of the company's stock after purchasing an additional 22,631 shares during the period. National Pension Service owned 0.20% of Sysco worth $73,578,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Hunter Associates Investment Management LLC raised its position in Sysco by 1.5% during the 4th quarter. Hunter Associates Investment Management LLC now owns 8,275 shares of the company's stock worth $606,000 after purchasing an additional 125 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in Sysco by 6.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,246 shares of the company's stock worth $165,000 after purchasing an additional 135 shares during the last quarter. Quent Capital LLC raised its position in Sysco by 5.0% during the 4th quarter. Quent Capital LLC now owns 2,948 shares of the company's stock worth $216,000 after purchasing an additional 140 shares during the last quarter. GHE LLC raised its position in shares of Sysco by 1.0% in the 4th quarter. GHE LLC now owns 14,718 shares of the company's stock worth $1,076,000 after acquiring an additional 146 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Sysco by 0.5% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 30,360 shares of the company's stock worth $2,457,000 after acquiring an additional 149 shares in the last quarter. 83.41% of the stock is owned by institutional investors.

Sysco Stock Up 0.7 %

SYY stock traded up $0.54 during mid-day trading on Thursday, reaching $75.16. 2,185,816 shares of the company traded hands, compared to its average volume of 2,961,454. Sysco Co. has a fifty-two week low of $62.24 and a fifty-two week high of $82.89. The firm's 50 day moving average price is $78.32 and its 200 day moving average price is $75.44. The company has a quick ratio of 0.77, a current ratio of 1.34 and a debt-to-equity ratio of 5.77. The stock has a market cap of $37.43 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.92 and a beta of 1.16.

Sysco (NYSE:SYY - Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. Sysco had a net margin of 2.66% and a return on equity of 99.88%. The firm had revenue of $19.38 billion for the quarter, compared to analysts' expectations of $19.74 billion. During the same quarter last year, the firm earned $0.90 EPS. The company's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts predict that Sysco Co. will post 4.31 EPS for the current fiscal year.

Sysco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 5th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $2.04 annualized dividend and a dividend yield of 2.71%. This is a boost from Sysco's previous quarterly dividend of $0.50. Sysco's dividend payout ratio (DPR) is currently 49.76%.

Insiders Place Their Bets

In related news, CAO Neil Russell sold 1,722 shares of Sysco stock in a transaction that occurred 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 sale, the chief accounting officer now owns 24,082 shares of the company's stock, valued at approximately $1,926,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Sysco from $85.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. Truist Financial reduced their target price on Sysco from $91.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, May 2nd. Barclays raised their target price on Sysco from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, January 31st. Piper Sandler reduced their target price on Sysco from $83.00 to $79.00 and set a "neutral" rating for the company in a research note on Wednesday, May 1st. Finally, Stephens raised their target price on Sysco from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $84.56.

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.