Wayne Shurts Sells 15,600 Shares of SYSCO Co. (SYY) Stock

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.

Insider Buying and Selling by Quarter for SYSCO (NYSE:SYY)

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