APG Asset Management N.V. Purchases Shares of 268,400 Sysco Co. (NYSE:SYY)

APG Asset Management N.V. purchased a new stake in Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 268,400 shares of the company's stock, valued at approximately $19,818,000. APG Asset Management N.V. owned about 0.05% of Sysco as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in shares of Sysco in the 4th quarter valued at about $31,000. Flagship Wealth Advisors LLC acquired a new position in Sysco in the fourth quarter valued at approximately $31,000. Sherman Asset Management Inc. bought a new position in Sysco in the fourth quarter valued at approximately $31,000. SRS Capital Advisors Inc. raised its position in shares of Sysco by 53.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock valued at $33,000 after acquiring an additional 149 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Sysco by 107.4% in the 4th quarter. HHM Wealth Advisors LLC now owns 620 shares of the company's stock valued at $47,000 after purchasing an additional 321 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SYY shares. Truist Financial dropped their price objective on Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Morgan Stanley reduced their price objective on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. UBS Group lowered their target price 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. Melius Research raised shares of Sysco to a "hold" rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Sysco presently has an average rating of "Moderate Buy" and an average target price of $84.77.

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Sysco Stock Down 0.0 %

NYSE SYY traded down $0.01 during trading on Tuesday, hitting $71.83. The stock had a trading volume of 702,509 shares, compared to its average volume of 3,317,558. The company has a market capitalization of $35.14 billion, a PE ratio of 18.47, a P/E/G ratio of 1.88 and a beta of 0.91. Sysco Co. has a 12 month low of $67.12 and a 12 month high of $82.23. The company's 50-day moving average price is $72.62 and its two-hundred day moving average price is $74.70. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20.

Sysco (NYSE:SYY - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.93 EPS 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 business earned $0.89 earnings per share. As a group, sell-side analysts forecast that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 2.84%. Sysco's dividend payout ratio (DPR) is presently 52.44%.

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.