Toronto Dominion Bank raised its holdings in Sysco Corporation (NYSE:SYY) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185,659 shares of the company’s stock after acquiring an additional 18,128 shares during the quarter. Toronto Dominion Bank’s holdings in Sysco Corporation were worth $10,015,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Exane Derivatives lifted its stake in Sysco Corporation by 137.8% in the third quarter. Exane Derivatives now owns 48,699 shares of the company’s stock valued at $2,627,000 after acquiring an additional 28,217 shares during the last quarter. Sei Investments Co. lifted its stake in Sysco Corporation by 29.3% in the second quarter. Sei Investments Co. now owns 238,395 shares of the company’s stock valued at $11,998,000 after acquiring an additional 54,078 shares during the last quarter. BARING ASSET MANAGEMENT Ltd lifted its stake in Sysco Corporation by 15.5% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 28,118 shares of the company’s stock valued at $1,415,000 after acquiring an additional 3,773 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Sysco Corporation by 20.3% in the second quarter. Victory Capital Management Inc. now owns 2,917,645 shares of the company’s stock valued at $146,845,000 after acquiring an additional 491,398 shares during the last quarter. Finally, Twin Tree Management LP lifted its stake in Sysco Corporation by 41.5% in the first quarter. Twin Tree Management LP now owns 18,712 shares of the company’s stock valued at $972,000 after acquiring an additional 5,492 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

A number of analysts have issued reports on the stock. Pivotal Research reiterated a “hold” rating and issued a $53.00 target price on shares of Sysco Corporation in a research note on Sunday, November 5th. Zacks Investment Research cut shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco Corporation in a research note on Tuesday, September 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $51.00 target price on shares of Sysco Corporation in a research note on Friday, August 4th. Finally, Royal Bank Of Canada set a $50.00 target price on shares of Sysco Corporation and gave the company a “hold” rating in a research note on Friday, August 11th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $56.42.

Shares of Sysco Corporation (SYY) opened at $54.10 on Thursday. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.40 and a quick ratio of 0.88. Sysco Corporation has a one year low of $48.85 and a one year high of $57.23. The firm has a market cap of $28,621.62, a price-to-earnings ratio of 21.54, a PEG ratio of 2.46 and a beta of 0.53.

Sysco Corporation (NYSE:SYY) last announced its earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. Sysco Corporation had a net margin of 2.12% and a return on equity of 58.47%. The business had revenue of $14.65 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Sysco Corporation’s revenue was up 4.9% compared to the same quarter last year. research analysts anticipate that Sysco Corporation will post 2.77 EPS for the current fiscal year.

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In related news, CEO William J. Delaney III sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $51.31, for a total transaction of $1,539,300.00. Following the transaction, the chief executive officer now owns 406,725 shares of the company’s stock, valued at $20,869,059.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William J. Delaney III sold 150,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $54.05, for a total transaction of $8,107,500.00. Following the transaction, the chief executive officer now directly owns 526,725 shares in the company, valued at approximately $28,469,486.25. The disclosure for this sale can be found here. Insiders have sold 2,275,781 shares of company stock worth $122,319,128 in the last ninety days. 9.60% of the stock is currently owned by insiders.

About Sysco Corporation

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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