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

SYY has been the topic of several recent analyst reports. Argus lifted their price objective on Sysco Corp. from $50.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, May 5th. Credit Suisse Group AG reiterated a “buy” rating and set a $55.00 price objective (up previously from $52.00) on shares of Sysco Corp. in a report on Monday, May 2nd. Macquarie reiterated a “buy” rating and set a $55.00 price objective (up previously from $52.00) on shares of Sysco Corp. in a report on Tuesday, May 3rd. BMO Capital Markets restated a “hold” rating and issued a $52.00 target price (up previously from $44.00) on shares of Sysco Corp. in a research note on Monday, May 2nd. Finally, Jefferies Group restated a “hold” rating and issued a $46.00 target price on shares of Sysco Corp. in a research note on Tuesday, March 15th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.72.

The stock has a 50 day moving average price of $49.46 and a 200 day moving average price of $45.80. The company has a market cap of $29.07 billion and a P/E ratio of 37.55.

Sysco Corp. (NYSE:SYY) last released its earnings results on Monday, May 2nd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The business had revenue of $12 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same period in the prior year, the business earned $0.40 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Sysco Corp. will post $2.03 earnings per share for the current year.

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

In related news, CFO Joel T. Grade sold 16,398 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $51.00, for a total transaction of $836,298.00. Following the completion of the sale, the chief financial officer now owns 59,021 shares of the company’s stock, valued at $3,010,071. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Delaney III sold 20,115 shares of the firm’s stock in a transaction that occurred on Friday, April 15th. The stock was sold at an average price of $46.45, for a total value of $934,341.75. Following the sale, 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.

A number of large investors have added to or reduced their stakes in the company. Toth Financial boosted its stake in Sysco Corp. by 6.7% in the fourth quarter. Toth Financial now owns 108,733 shares of the company’s stock valued at $4,458,000 after buying an additional 6,858 shares in the last quarter. Gamble Jones Investment Counsel boosted its stake in Sysco Corp. by 1.7% in the fourth quarter. Gamble Jones Investment Counsel now owns 119,815 shares of the company’s stock valued at $4,912,000 after buying an additional 1,998 shares in the last quarter. TD Asset Management Inc. boosted its stake in Sysco Corp. by 0.4% in the fourth quarter. TD Asset Management Inc. now owns 1,490,593 shares of the company’s stock valued at $61,114,000 after buying an additional 6,300 shares in the last quarter. Conning Inc. boosted its stake in Sysco Corp. by 3.4% in the fourth quarter. Conning Inc. now owns 666,998 shares of the company’s stock valued at $27,347,000 after buying an additional 22,001 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Sysco Corp. by 233.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 52,400 shares of the company’s stock valued at $2,271,000 after buying an additional 36,700 shares in 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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