SYSCO Co. (SYY) EVP Wayne Shurts Sells 7,800 Shares of Stock

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.

TRADEMARK VIOLATION WARNING: “SYSCO Co. (SYY) EVP Wayne Shurts Sells 7,800 Shares of Stock” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/24/sysco-co-syy-evp-wayne-shurts-sells-7800-shares-of-stock.html.

About SYSCO

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)

Receive News & Ratings for SYSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SYSCO and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply