Sysco (SYY) Director Sells $303,100.00 in Stock

Sysco (NYSE:SYY) Director Richard G. Tilghman sold 5,000 shares of the stock in a transaction on Monday, April 16th. The stock was sold at an average price of $60.62, for a total value of $303,100.00. Following the sale, the director now owns 85,864 shares in the company, valued at approximately $5,205,075.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:SYY opened at $61.15 on Friday. Sysco has a 1-year low of $48.85 and a 1-year high of $64.27. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 3.66. The stock has a market capitalization of $32,280.67, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.09 and a beta of 0.55.

How to Become a New Pot Stock Millionaire

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

The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, April 5th. Sysco’s payout ratio is 58.06%.

Several brokerages have recently issued reports on SYY. Credit Suisse Group began coverage on Sysco in a research note on Tuesday. They set an “outperform” rating and a $68.00 price target on the stock. Zacks Investment Research lowered Sysco from a “hold” rating to a “sell” rating in a research note on Thursday, April 12th. Citigroup upped their price target on Sysco from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, March 27th. Bank of America upped their price target on Sysco from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Finally, Loop Capital cut their price target on Sysco from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $65.25.

A number of large investors have recently added to or reduced their stakes in SYY. Valeo Financial Advisors LLC lifted its stake in 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 buying an additional 1,126 shares during the period. Trustcore Financial Services LLC acquired a new position in Sysco in the fourth quarter valued at about $194,000. Premia Global Advisors LLC acquired a new position in Sysco in the fourth quarter valued at about $195,000. Scott & Selber Inc. acquired a new position in Sysco in the fourth quarter valued at about $200,000. Finally, McKinley Carter Wealth Services Inc. acquired a new position in Sysco in the fourth quarter valued at about $202,000. 79.02% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://ledgergazette.com/2018/04/21/sysco-syy-director-sells-303100-00-in-stock.html.

Sysco Company Profile

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)

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