Shares of Sysco Corp. (NYSE:SYY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $51.70 and last traded at $51.59, with a volume of 5,221,925 shares traded. The stock had previously closed at $51.19.

A number of analysts recently issued reports on the stock. Credit Suisse Group AG restated a “buy” rating on shares of Sysco Corp. in a report on Tuesday, May 10th. Morgan Stanley restated a “sell” rating on shares of Sysco Corp. in a report on Monday, June 20th. Bank of America Corp. assumed coverage on shares of Sysco Corp. in a report on Monday, June 20th. They set a “neutral” rating and a $52.00 price objective for the company. Vetr downgraded shares of Sysco Corp. from a “sell” rating to a “strong sell” rating and set a $44.14 price objective for the company. in a report on Monday, May 9th. Finally, BMO Capital Markets restated a “hold” rating and set a $52.00 price objective on shares of Sysco Corp. in a report on Thursday, June 16th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Sysco Corp. currently has an average rating of “Hold” and an average target price of $46.72.

The company’s 50-day moving average price is $49.46 and its 200-day moving average price is $45.80. The stock has a market capitalization of $29.07 billion and a P/E ratio of 37.55.

Sysco Corp. (NYSE:SYY) last issued its earnings results on Monday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. During the same period last year, the firm posted $0.40 EPS. The business earned $12 billion during the quarter, compared to analysts’ expectations of $11.87 billion. Sysco Corp.’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that Sysco Corp. will post $2.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 1st will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, June 29th.

In other Sysco Corp. news, EVP William B. Day sold 137,693 shares of the business’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $48.87, for a total value of $6,729,056.91. Following the completion of the transaction, the executive vice president now owns 123,231 shares of the company’s stock, valued at approximately $6,022,298.97. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William J. Delaney III sold 20,115 shares of the business’s stock in a transaction dated Friday, April 15th. The stock was sold at an average price of $46.45, for a total value of $934,341.75. Following the completion of the transaction, the chief executive officer now directly owns 422,508 shares of the company’s stock, valued at approximately $19,625,496.60. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Sysco Corp. by 0.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 60,114 shares of the company’s stock worth $2,465,000 after buying an additional 414 shares during the period. NewFocus Financial Group LLC raised its stake in Sysco Corp. by 1.6% in the fourth quarter. NewFocus Financial Group LLC now owns 30,843 shares of the company’s stock valued at $2,900,000 after buying an additional 491 shares during the last quarter. Keating Investment Counselors Inc. raised its stake in Sysco Corp. by 1.2% in the fourth quarter. Keating Investment Counselors Inc. now owns 64,335 shares of the company’s stock valued at $2,638,000 after buying an additional 790 shares during the last quarter. Tredje AP fonden raised its stake in Sysco Corp. by 2.2% in the fourth quarter. Tredje AP fonden now owns 39,050 shares of the company’s stock valued at $1,601,000 after buying an additional 855 shares during the last quarter. Finally, Telos Capital Management Inc. raised its stake in Sysco Corp. by 3.5% in the fourth quarter. Telos Capital Management Inc. now owns 27,428 shares of the company’s stock valued at $1,125,000 after buying an additional 932 shares during the last quarter.

Sysco Corporation (Sysco) along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.

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