Canada Post Corp Registered Pension Plan Makes New Investment in Sysco Co. (NYSE:SYY)

Canada Post Corp Registered Pension Plan bought a new stake in Sysco Co. (NYSE:SYY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,968 shares of the company's stock, valued at approximately $456,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc purchased a new position in Sysco in the third quarter valued at approximately $390,000. Y Intercept Hong Kong Ltd purchased a new stake in Sysco in the third quarter valued at $368,000. Barclays PLC boosted its stake in Sysco by 43.2% in the third quarter. Barclays PLC now owns 1,715,356 shares of the company's stock valued at $133,902,000 after acquiring an additional 517,219 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of Sysco by 5.5% during the third quarter. SkyView Investment Advisors LLC now owns 8,509 shares of the company's stock worth $664,000 after purchasing an additional 445 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Sysco in the 3rd quarter valued at about $610,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group cut their price target on Sysco from $87.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Truist Financial lowered their price objective on shares of Sysco from $85.00 to $83.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Guggenheim reaffirmed a "buy" rating and issued a $85.00 target price on shares of Sysco in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their target price on Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $84.77.

Sysco Price Performance

Shares of SYY traded down $0.50 on Monday, reaching $71.24. The stock had a trading volume of 455,782 shares, compared to its average volume of 3,328,507. The firm has a 50-day moving average of $72.67 and a 200 day moving average of $74.53. The firm has a market capitalization of $34.85 billion, a PE ratio of 18.31, a PEG ratio of 1.88 and a beta of 0.91. Sysco Co. has a twelve month low of $67.12 and a twelve month high of $82.23. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66.

Sysco (NYSE:SYY - Get Free Report) last released its quarterly earnings data 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 period last year, the firm posted $0.89 EPS. Sell-side analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, April 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. Sysco's dividend payout ratio is currently 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.