SYSCO Co. (NYSE:SYY) insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $61.44, for a total value of $958,464.00. Following the completion of the sale, the insider now owns 55,235 shares of the company’s stock, valued at approximately $3,393,638.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Wayne Shurts also recently made the following trade(s):
- On Wednesday, December 13th, Wayne Shurts sold 7,800 shares of SYSCO stock. The stock was sold at an average price of $61.76, for a total value of $481,728.00.
- On Wednesday, November 29th, Wayne Shurts sold 15,600 shares of SYSCO stock. The stock was sold at an average price of $56.66, for a total value of $883,896.00.
- On Tuesday, October 24th, Wayne Shurts sold 7,800 shares of SYSCO stock. The stock was sold at an average price of $54.86, for a total value of $427,908.00.
SYSCO Co. (NYSE SYY) traded down $0.81 during trading hours on Friday, hitting $61.18. The stock had a trading volume of 4,000,000 shares, compared to its average volume of 2,150,000. The company has a market cap of $31,880.00, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 2.39 and a beta of 0.56. SYSCO Co. has a 1-year low of $48.85 and a 1-year high of $64.27. 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 (NYSE:SYY) last posted 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 return on equity of 58.47% and a net margin of 2.12%. The business had revenue of $14.65 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same period last year, the company earned $0.67 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. analysts expect that SYSCO Co. will post 2.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 5th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.35%. This is an increase from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, January 4th. SYSCO’s dividend payout ratio is presently 65.75%.
SYY has been the subject of several research analyst reports. Pivotal Research reiterated a “hold” rating and set a $53.00 target price on shares of SYSCO in a research report on Sunday, November 5th. Zacks Investment Research raised SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research note on Wednesday, January 10th. Loop Capital increased their price target on SYSCO to $68.00 and gave the company a “buy” rating in a research note on Monday, December 11th. BMO Capital Markets set a $66.00 price target on SYSCO and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, Morgan Stanley raised SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 price target for the company in a research note on Tuesday, January 16th. Seven equities research 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’s stock. The company presently has an average rating of “Buy” and a consensus target price of $60.25.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in SYSCO by 9,055.0% during the 2nd quarter. Janus Henderson Group PLC now owns 5,707,603 shares of the company’s stock worth $287,264,000 after purchasing an additional 5,645,259 shares during the period. American Century Companies Inc. increased its holdings in SYSCO by 47.6% during the 2nd quarter. American Century Companies Inc. now owns 5,054,930 shares of the company’s stock worth $254,415,000 after purchasing an additional 1,629,990 shares during the period. Capital World Investors increased its holdings in SYSCO by 11.7% during the 2nd quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock worth $692,893,000 after purchasing an additional 1,445,000 shares during the period. Nordea Investment Management AB increased its holdings in SYSCO by 252.7% during the 2nd quarter. Nordea Investment Management AB now owns 1,928,089 shares of the company’s stock worth $97,041,000 after purchasing an additional 1,381,441 shares during the period. Finally, Parnassus Investments CA increased its holdings in SYSCO by 20.3% during the 3rd quarter. Parnassus Investments CA now owns 7,410,401 shares of the company’s stock worth $399,791,000 after purchasing an additional 1,250,005 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.
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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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