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.
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.
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.
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