SYSCO Co. (NYSE:SYY) insider Wayne Shurts sold 15,600 shares of SYSCO stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $61.44, for a total transaction of $958,464.00. Following the sale, the insider now directly owns 55,235 shares of the company’s stock, valued at approximately $3,393,638.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Wayne Shurts also recently made the following trade(s):
- On Wednesday, December 13th, Wayne Shurts sold 7,800 shares of SYSCO stock. The shares were sold at an average price of $61.76, for a total transaction of $481,728.00.
- On Wednesday, November 29th, Wayne Shurts sold 15,600 shares of SYSCO stock. The shares were sold at an average price of $56.66, for a total transaction of $883,896.00.
- On Tuesday, October 24th, Wayne Shurts sold 7,800 shares of SYSCO stock. The shares were sold at an average price of $54.86, for a total transaction of $427,908.00.
Shares of SYSCO Co. (NYSE SYY) opened at $61.38 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77. SYSCO Co. has a 52 week low of $48.85 and a 52 week high of $62.79. The stock has a market cap of $31,980.00, a price-to-earnings ratio of 28.03, a P/E/G ratio of 2.64 and a beta of 0.53.
SYSCO (NYSE:SYY) last released its quarterly earnings data on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. SYSCO had a net margin of 2.12% and a return on equity of 58.47%. The business had revenue of $14.65 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the previous year, the business earned $0.67 EPS. SYSCO’s quarterly revenue was up 4.9% compared to the same quarter last year. research analysts forecast that SYSCO Co. will post 2.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be given a dividend of $0.36 per share. This is a positive change from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.44 dividend on an annualized basis and a yield of 2.35%. SYSCO’s payout ratio is currently 65.75%.
Several large investors have recently bought and sold shares of SYY. KCS Wealth Advisory acquired a new position in shares of SYSCO during the fourth quarter worth approximately $203,000. Appleton Partners Inc. MA lifted its holdings in SYSCO by 111.0% in the fourth quarter. Appleton Partners Inc. MA now owns 12,133 shares of the company’s stock valued at $737,000 after buying an additional 6,383 shares during the period. Indiana Trust & Investment Management CO lifted its holdings in SYSCO by 13.5% in the fourth quarter. Indiana Trust & Investment Management CO now owns 12,803 shares of the company’s stock valued at $777,000 after buying an additional 1,525 shares during the period. Mitchell Sinkler & Starr PA acquired a new position in SYSCO in the fourth quarter valued at approximately $215,000. Finally, Sawyer & Company Inc acquired a new position in SYSCO in the fourth quarter valued at approximately $5,973,000. Institutional investors own 80.07% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a research note on Wednesday. Pivotal Research lifted their target price on shares of SYSCO from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Loop Capital lifted their target price on shares of SYSCO to $68.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, BMO Capital Markets set a $66.00 target price on shares of SYSCO and gave the company a “buy” rating in a research note on Friday, December 8th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. SYSCO currently has a consensus rating of “Buy” and a consensus target price of $59.55.
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SYSCO 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.
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