SYSCO Co. (NYSE:SYY) Insider Sells $958,464.00 in Stock

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.

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

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