TD Asset Management Inc. decreased its position in shares of Sysco Corporation (NYSE:SYY) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,754,291 shares of the company’s stock after selling 204,236 shares during the period. TD Asset Management Inc. owned about 0.33% of Sysco Corporation worth $88,293,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kistler Tiffany Companies LLC raised its position in Sysco Corporation by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock worth $147,000 after buying an additional 12 shares during the last quarter. Buckingham Asset Management LLC raised its position in Sysco Corporation by 0.3% in the first quarter. Buckingham Asset Management LLC now owns 5,904 shares of the company’s stock worth $307,000 after buying an additional 16 shares during the last quarter. Schnieders Capital Management LLC raised its position in Sysco Corporation by 0.4% in the second quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock worth $205,000 after buying an additional 18 shares during the last quarter. Blue Chip Partners Inc. raised its position in Sysco Corporation by 0.6% in the first quarter. Blue Chip Partners Inc. now owns 2,949 shares of the company’s stock worth $153,000 after buying an additional 19 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Sysco Corporation by 1.2% in the first quarter. Sequoia Financial Advisors LLC now owns 4,198 shares of the company’s stock worth $218,000 after buying an additional 50 shares during the last quarter. 78.84% of the stock is owned by hedge funds and other institutional investors.

Shares of Sysco Corporation (NYSE:SYY) opened at 52.97 on Friday. The stock has a 50 day moving average of $51.74 and a 200-day moving average of $52.53. The firm has a market capitalization of $28.08 billion, a price-to-earnings ratio of 25.47 and a beta of 0.52. Sysco Corporation has a 52 week low of $47.15 and a 52 week high of $57.07.

Sysco Corporation (NYSE:SYY) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.35 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Analysts expect that Sysco Corporation will post $2.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, October 5th. Sysco Corporation’s dividend payout ratio is currently 63.16%.

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A number of research analysts have issued reports on the stock. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a research note on Friday, June 23rd. BidaskClub lowered shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reissued a “hold” rating and set a $51.00 target price on shares of Sysco Corporation in a research note on Friday, August 4th. BMO Capital Markets set a $60.00 target price on shares of Sysco Corporation and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Pivotal Research set a $53.00 target price on shares of Sysco Corporation and gave the company a “hold” rating in a research note on Sunday, August 13th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Sysco Corporation has an average rating of “Hold” and an average target price of $55.71.

In other Sysco Corporation news, CEO William J. Delaney III sold 30,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $55.55, for a total transaction of $1,666,500.00. Following the sale, the chief executive officer now owns 406,725 shares of the company’s stock, valued at approximately $22,593,573.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Wayne Shurts sold 7,800 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $55.30, for a total transaction of $431,340.00. Following the sale, the executive vice president now directly owns 58,776 shares in the company, valued at approximately $3,250,312.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,200 shares of company stock worth $8,397,012. Insiders own 8.81% of the company’s stock.

Sysco Corporation Company Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

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