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):
- 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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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.
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