Sysco Co. (NYSE:SYY) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in Sysco Co. (NYSE:SYY - Free Report) by 43.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,924 shares of the company's stock after buying an additional 80,075 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Sysco worth $20,332,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYY. Barclays PLC lifted its stake in Sysco by 43.2% in the 3rd quarter. Barclays PLC now owns 1,715,356 shares of the company's stock valued at $133,902,000 after buying an additional 517,219 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Sysco by 1.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,729 shares of the company's stock valued at $1,585,000 after buying an additional 196 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in Sysco by 118.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 6,307 shares of the company's stock valued at $482,000 after buying an additional 3,415 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in Sysco by 75.4% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 13,457 shares of the company's stock valued at $1,029,000 after buying an additional 5,783 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in Sysco by 8.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 10,053 shares of the company's stock valued at $769,000 after acquiring an additional 786 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company's stock.

Insider Activity

In related news, Director Sheila Talton sold 356 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $70.84, for a total transaction of $25,219.04. Following the transaction, the director now owns 12,738 shares in the company, valued at $902,359.92. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.54% of the company's stock.

Sysco Stock Up 1.3%

Shares of SYY stock traded up $0.92 during trading hours on Friday, hitting $72.99. 5,362,878 shares of the company were exchanged, compared to its average volume of 3,334,521. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. The business's 50-day simple moving average is $71.73 and its two-hundred day simple moving average is $73.74. Sysco Co. has a one year low of $67.12 and a one year high of $82.23. The stock has a market capitalization of $35.38 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.88 and a beta of 0.80.

Sysco (NYSE:SYY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.06). The business had revenue of $19.60 billion during the quarter, compared to the consensus estimate of $20.11 billion. Sysco had a return on equity of 106.30% and a net margin of 2.40%. The business's revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. Sell-side analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a boost from Sysco's previous quarterly dividend of $0.51. Sysco's payout ratio is 55.96%.

Analyst Ratings Changes

Several research analysts have weighed in on SYY shares. UBS Group cut their price target on Sysco from $86.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Sanford C. Bernstein set a $87.00 target price on Sysco and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Citigroup initiated coverage on Sysco in a research report on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 target price on the stock. Wells Fargo & Company cut their target price on Sysco from $87.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Sysco has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Sysco Company Profile

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.