Sysco (SYY) Insider Sells $929,483.75 in Stock

Sysco (NYSE:SYY) insider Wayne Shurts sold 15,275 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $60.85, for a total transaction of $929,483.75. Following the sale, the insider now directly owns 39,635 shares in the company, valued at $2,411,789.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wayne Shurts also recently made the following trade(s):

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  • On Thursday, February 22nd, Wayne Shurts sold 7,800 shares of Sysco stock. The shares were sold at an average price of $58.98, for a total transaction of $460,044.00.
  • On Wednesday, January 10th, Wayne Shurts sold 15,600 shares of Sysco stock. The shares were sold at an average price of $61.44, for a total transaction of $958,464.00.

NYSE SYY traded down $0.59 on Friday, reaching $59.72. 3,295,671 shares of the stock were exchanged, compared to its average volume of 3,411,221. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 3.66. Sysco has a one year low of $48.85 and a one year high of $64.27. The stock has a market cap of $31,169.00, a price-to-earnings ratio of 24.08, a PEG ratio of 2.02 and a beta of 0.55.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Sysco had a net margin of 2.10% and a return on equity of 61.02%. The business had revenue of $14.41 billion during the quarter, compared to analyst estimates of $14.15 billion. During the same period last year, the firm posted $0.58 EPS. The company’s revenue was up 7.1% on a year-over-year basis. sell-side analysts forecast that Sysco will post 2.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, April 5th. Sysco’s dividend payout ratio (DPR) is currently 58.06%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC grew its holdings in shares of Sysco by 98.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,267 shares of the company’s stock valued at $138,000 after purchasing an additional 1,126 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Sysco by 465.7% in the third quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock valued at $150,000 after purchasing an additional 2,291 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of Sysco by 51.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,926 shares of the company’s stock valued at $158,000 after purchasing an additional 1,000 shares in the last quarter. Trustcore Financial Services LLC purchased a new position in shares of Sysco in the fourth quarter valued at $194,000. Finally, Premia Global Advisors LLC purchased a new position in shares of Sysco in the fourth quarter valued at $195,000. 79.03% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have issued reports on SYY shares. Loop Capital upped 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $61.00 price objective on shares of Sysco in a research note on Tuesday, February 6th. Citigroup increased their price objective on shares of Sysco from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 27th. Zacks Investment Research cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Finally, Morgan Stanley upgraded shares of Sysco from an “underweight” rating to an “equal weight” rating and set a $64.00 price objective on the stock in a research note on Tuesday, January 16th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Sysco has a consensus rating of “Hold” and an average price target of $65.00.

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About Sysco

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg.

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

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