Toth Financial Advisory Corp Has $10.51 Million Stock Holdings in Sysco Co. (NYSE:SYY)

Toth Financial Advisory Corp lifted its holdings in Sysco Co. (NYSE:SYY) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,512 shares of the company’s stock after buying an additional 1,804 shares during the period. Sysco comprises approximately 1.2% of Toth Financial Advisory Corp’s portfolio, making the stock its 19th biggest position. Toth Financial Advisory Corp’s holdings in Sysco were worth $10,514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SYY. Public Sector Pension Investment Board boosted its holdings in shares of Sysco by 87.2% during the second quarter. Public Sector Pension Investment Board now owns 19,187 shares of the company’s stock worth $1,370,000 after purchasing an additional 8,940 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Sysco by 58.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 95,353 shares of the company’s stock worth $6,807,000 after purchasing an additional 35,135 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Sysco by 223.1% during the second quarter. APG Asset Management N.V. now owns 58,510 shares of the company’s stock worth $3,897,000 after purchasing an additional 40,400 shares during the period. Ameriprise Financial Inc. boosted its position in Sysco by 26.1% during the second quarter. Ameriprise Financial Inc. now owns 8,623,178 shares of the company’s stock valued at $615,076,000 after purchasing an additional 1,782,180 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in Sysco by 8.6% during the second quarter. Daymark Wealth Partners LLC now owns 5,725 shares of the company’s stock valued at $409,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity

In related news, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the transaction, the executive vice president now owns 56,304 shares of the company’s stock, valued at $4,335,408. The trade was a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,306 shares of company stock valued at $6,485,050. Insiders own 0.54% of the company’s stock.

Sysco Stock Up 1.5 %

Sysco stock opened at $74.81 on Friday. The firm has a market cap of $36.75 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.04 and a beta of 1.18. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89. The firm has a fifty day moving average price of $76.45 and a two-hundred day moving average price of $75.90.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The business had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.47 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts forecast that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.51 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.73%. Sysco’s dividend payout ratio (DPR) is presently 52.44%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SYY. Morgan Stanley reduced their price objective on Sysco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Tuesday. StockNews.com raised Sysco from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th. Melius assumed coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price for the company. Jefferies Financial Group raised their price target on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Melius Research upgraded shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.79.

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.