Toth Financial Advisory Corp boosted its position in Sysco Corp. (NYSE:SYY) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,928 shares of the company’s stock after buying an additional 512 shares during the period. Sysco Corp. comprises about 1.8% of Toth Financial Advisory Corp’s investment portfolio, making the stock its 18th largest position. Toth Financial Advisory Corp’s holdings in Sysco Corp. were worth $6,025,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. AJO LP raised its position in Sysco Corp. by 453.7% in the second quarter. AJO LP now owns 4,853,878 shares of the company’s stock valued at $246,286,000 after buying an additional 3,977,304 shares during the period. Ameriprise Financial Inc. raised its position in Sysco Corp. by 66.6% in the second quarter. Ameriprise Financial Inc. now owns 6,008,805 shares of the company’s stock valued at $304,897,000 after buying an additional 2,402,928 shares during the period. FMR LLC raised its position in Sysco Corp. by 60.2% in the second quarter. FMR LLC now owns 4,668,368 shares of the company’s stock valued at $236,874,000 after buying an additional 1,754,318 shares during the period. Bank of Montreal Can bought a new position in Sysco Corp. during the second quarter valued at approximately $81,306,000. Finally, Vanguard Group Inc. raised its position in Sysco Corp. by 3.6% in the second quarter. Vanguard Group Inc. now owns 37,790,301 shares of the company’s stock valued at $1,917,480,000 after buying an additional 1,324,659 shares during the period. Institutional investors and hedge funds own 77.33% of the company’s stock.

Institutional Ownership by Quarter for Sysco Corp. (NYSE:SYY)

Shares of Sysco Corp. (NYSE:SYY) traded up 0.35% on Tuesday, reaching $53.90. The company had a trading volume of 1,903,329 shares. The company’s 50-day moving average is $50.35 and its 200 day moving average is $50.46. The firm has a market capitalization of $29.48 billion, a PE ratio of 29.81 and a beta of 0.49. Sysco Corp. has a 12 month low of $38.84 and a 12 month high of $54.66.

Sysco Corp. (NYSE:SYY) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. The business had revenue of $14 billion for the quarter, compared to analyst estimates of $13.88 billion. Sysco Corp. had a return on equity of 35.49% and a net margin of 1.99%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. Equities analysts forecast that Sysco Corp. will post $2.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, January 6th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.32 dividend on an annualized basis and a yield of 2.44%. This is a positive change from Sysco Corp.’s previous quarterly dividend of $0.31. Sysco Corp.’s dividend payout ratio (DPR) is 68.13%.

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Several equities analysts recently commented on SYY shares. Barclays PLC started coverage on Sysco Corp. in a research report on Friday, September 23rd. They set an “underweight” rating and a $48.00 price target on the stock. Bank of America Corp. raised Sysco Corp. from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, November 8th. Jefferies Group reissued a “hold” rating and set a $50.00 price target on shares of Sysco Corp. in a research report on Friday, September 30th. Argus boosted their price target on Sysco Corp. from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 19th. Finally, BMO Capital Markets set a $56.00 target price on Sysco Corp. and gave the company a “hold” rating in a research report on Wednesday, November 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.63.

In other Sysco Corp. news, CFO Joel T. Grade sold 24,128 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $53.49, for a total value of $1,290,606.72. Following the sale, the chief financial officer now owns 61,563 shares of the company’s stock, valued at approximately $3,293,004.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William B. Day sold 72,134 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $53.01, for a total value of $3,823,823.34. Following the completion of the sale, the insider now directly owns 108,293 shares in the company, valued at approximately $5,740,611.93. The disclosure for this sale can be found here. 8.81% of the stock is owned by company insiders.

Sysco Corp. Company Profile

Sysco Corporation (Sysco) along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.

5 Day Chart for NYSE:SYY

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