SYSCO Co. (NYSE:SYY) SVP Sells $702,026.00 in Stock

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.

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

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