SYSCO Co. (NYSE:SYY) SVP William W. Goetz sold 11,323 shares of SYSCO stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $62.00, for a total transaction of $702,026.00. Following the completion of the transaction, the senior vice president now owns 35,825 shares of the company’s stock, valued at $2,221,150. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of SYSCO Co. (SYY) traded up $1.33 during trading hours on Friday, hitting $58.33. 3,110,000 shares of the stock traded hands, compared to its average volume of 2,610,000. The company has a market capitalization of $30,390.00, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 1.96 and a beta of 0.56. The company has a current ratio of 1.38, a quick ratio of 0.88 and a debt-to-equity ratio of 3.66. SYSCO Co. has a 52-week low of $48.85 and a 52-week high of $64.27.
SYSCO (NYSE:SYY) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $14.15 billion. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. equities research analysts expect that SYSCO Co. will post 2.95 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 5th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, January 4th. This represents a $1.44 annualized dividend and a dividend yield of 2.47%. This is a boost from SYSCO’s previous quarterly dividend of $0.33. SYSCO’s payout ratio is currently 64.57%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Personal Financial Services grew its holdings in SYSCO by 293.2% in the third quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock worth $106,000 after purchasing an additional 1,463 shares during the period. Acrospire Investment Management LLC grew its holdings in SYSCO by 84.6% in the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock worth $121,000 after purchasing an additional 1,100 shares during the period. Manchester Capital Management LLC grew its holdings in SYSCO by 13.4% in the second quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock worth $128,000 after purchasing an additional 300 shares during the period. Valeo Financial Advisors LLC grew its holdings in SYSCO by 98.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,267 shares of the company’s stock worth $138,000 after purchasing an additional 1,126 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of SYSCO by 465.7% during the third quarter. Advisors Asset Management Inc. now owns 2,783 shares of the company’s stock valued at $150,000 after buying an additional 2,291 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.
A number of research analysts have recently commented on SYY shares. Pivotal Research restated a “hold” rating and set a $53.00 price target on shares of SYSCO in a research report on Sunday, November 5th. Zacks Investment Research lowered shares of SYSCO from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. 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. 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. Finally, Morgan Stanley upgraded shares of SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 target price for the company in a research report on Tuesday, January 16th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $65.20.
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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.
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