SYSCO Co. (NYSE:SYY) EVP Wayne Shurts sold 7,800 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.98, for a total transaction of $460,044.00. Following the completion of the sale, the executive vice president now directly owns 55,235 shares in the company, valued at $3,257,760.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Wayne Shurts also recently made the following trade(s):
- On Wednesday, January 10th, Wayne Shurts sold 15,600 shares of SYSCO stock. The stock was sold at an average price of $61.44, for a total transaction of $958,464.00.
- 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 transaction 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 transaction of $883,896.00.
Shares of SYSCO Co. (NYSE:SYY) traded up $0.82 during mid-day trading on Friday, reaching $59.68. 1,367,093 shares of the company traded hands, compared to its average volume of 2,785,316. SYSCO Co. has a one year low of $48.85 and a one year high of $64.27. The stock has a market cap of $30,720.14, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 3.66.
SYSCO (NYSE:SYY) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $14.15 billion. During the same period in the prior year, the firm posted $0.58 EPS. SYSCO’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts anticipate that SYSCO Co. will post 2.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.41%. SYSCO’s dividend payout ratio (DPR) is 64.29%.
SYY has been the topic of a number of recent research reports. Pivotal Research reaffirmed a “hold” rating and issued a $53.00 target price on shares of SYSCO in a research report on Sunday, November 5th. Loop Capital upped their target price on shares of SYSCO to $68.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. BMO Capital Markets set a $66.00 target price on shares of SYSCO and gave the stock a “buy” rating in a research report on Friday, December 8th. Zacks Investment Research downgraded shares of SYSCO from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Bank of America upped their target price on shares of SYSCO from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $65.20.
A number of hedge funds have recently made changes to their positions in SYY. Assenagon Asset Management S.A. grew its position in SYSCO by 17.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 80,310 shares of the company’s stock valued at $4,333,000 after purchasing an additional 12,005 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of SYSCO during the 3rd quarter valued at about $393,000. BB&T Corp boosted its holdings in shares of SYSCO by 1.9% during the 3rd quarter. BB&T Corp now owns 145,942 shares of the company’s stock valued at $7,874,000 after acquiring an additional 2,685 shares during the last quarter. Harrington Investments INC purchased a new stake in shares of SYSCO during the 3rd quarter valued at about $1,340,000. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of SYSCO by 1.7% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 104,480 shares of the company’s stock valued at $5,637,000 after acquiring an additional 1,780 shares during the last quarter. 77.72% of the stock is currently owned by institutional investors.
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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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