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

Toth Financial Advisory Corp boosted its stake in shares of Sysco Co. (NYSE:SYY) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 137,512 shares of the company’s stock after purchasing an additional 1,804 shares during the quarter. Sysco comprises 1.2% of Toth Financial Advisory Corp’s holdings, making the stock its 19th largest 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 have also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. increased its holdings in shares of Sysco by 1,240.0% during the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 310 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Sysco during the third quarter worth approximately $26,000. Valley Wealth Managers Inc. acquired a new stake in shares of Sysco during the third quarter worth approximately $31,000. Focused Wealth Management Inc acquired a new stake in shares of Sysco during the third quarter worth approximately $37,000. Finally, Canoe Financial LP acquired a new stake in shares of Sysco in the third quarter valued at $38,000. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SYY has been the subject of a number of research reports. Melius Research upgraded Sysco to a “hold” rating in a research note on Wednesday, December 18th. Melius assumed coverage on Sysco in a research note on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price for the company. Morgan Stanley lowered their price target on shares of Sysco from $82.00 to $79.00 and set an “equal weight” rating for the company in a report on Tuesday. 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, StockNews.com raised shares of Sysco from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.79.

Insider Activity at Sysco

In other news, EVP Greg D. Bertrand sold 48,027 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sheila Talton sold 2,900 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. This trade represents a 18.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is currently owned by company insiders.

Sysco Price Performance

Shares of SYY opened at $74.81 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 5.38. The stock has a market cap of $36.75 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The stock’s 50-day moving average price is $76.45 and its two-hundred day moving average price is $75.90. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89.

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

Sysco Dividend Announcement

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

Sysco 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.