TD Private Client Wealth LLC Purchases 7,502 Shares of Sysco Co. (NYSE:SYY)

TD Private Client Wealth LLC grew its position in shares of Sysco Co. (NYSE:SYY - Free Report) by 94.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,462 shares of the company's stock after purchasing an additional 7,502 shares during the quarter. TD Private Client Wealth LLC's holdings in Sysco were worth $1,182,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in SYY. Fortem Financial Group LLC raised its stake in Sysco by 3.6% during the 4th quarter. Fortem Financial Group LLC now owns 3,875 shares of the company's stock valued at $296,000 after acquiring an additional 136 shares during the last quarter. Morton Community Bank grew its stake in shares of Sysco by 0.4% during the 4th quarter. Morton Community Bank now owns 40,585 shares of the company's stock worth $3,103,000 after purchasing an additional 145 shares during the period. SRS Capital Advisors Inc. grew its holdings in shares of Sysco by 53.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 430 shares of the company's stock worth $33,000 after acquiring an additional 149 shares during the period. S.A. Mason LLC raised its position in shares of Sysco by 10.7% during the 4th quarter. S.A. Mason LLC now owns 1,546 shares of the company's stock worth $118,000 after purchasing an additional 150 shares during the last quarter. Finally, HM Payson & Co. boosted its holdings in shares of Sysco by 0.8% during the fourth quarter. HM Payson & Co. now owns 19,160 shares of the company's stock worth $1,465,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company's stock.

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Sysco Stock Up 1.7 %

Shares of NYSE:SYY traded up $1.24 on Thursday, reaching $73.99. The company had a trading volume of 2,689,233 shares, compared to its average volume of 3,140,161. The stock has a market capitalization of $36.20 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.88 and a beta of 1.11. The stock has a 50-day moving average price of $72.95 and a 200 day moving average price of $75.19. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. Sysco Co. has a twelve month low of $69.03 and a twelve month high of $82.33.

Sysco (NYSE:SYY - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.93 earnings per share for the quarter, meeting analysts' consensus estimates of $0.93. Sysco had a return on equity of 106.30% and a net margin of 2.40%. During the same period in the previous year, the business earned $0.89 EPS. On average, equities analysts expect that Sysco Co. will post 4.58 EPS for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.76%. Sysco's dividend payout ratio is presently 52.44%.

Insider Activity

In related news, EVP Greg D. Bertrand sold 48,027 shares of Sysco stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now owns 56,304 shares of the company's stock, valued at approximately $4,335,408. The trade was a 46.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SYY shares. Morgan Stanley dropped their target price on Sysco from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Melius started coverage on Sysco in a report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price objective for the company. Jefferies Financial Group raised their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Truist Financial decreased their target price on Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, UBS Group reduced their price objective on Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.77.

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.