Shares of Sysco Corp. (NYSE:SYY) were up 1.6% on Wednesday . The stock traded as high as $51.95 and last traded at $51.92, with a volume of 1,773,106 shares trading hands. The stock had previously closed at $51.08.

Several analysts recently weighed in on SYY shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $52.00 price objective (up from $44.00) on shares of Sysco Corp. in a research note on Monday, May 2nd. Vetr upgraded Sysco Corp. from a “strong sell” rating to a “sell” rating and set a $44.14 target price for the company in a research report on Tuesday, May 17th. Credit Suisse Group AG reiterated a “buy” rating and issued a $55.00 target price (up from $52.00) on shares of Sysco Corp. in a research report on Monday, May 2nd. Pivotal Research upgraded Sysco Corp. from a “sell” rating to a “hold” rating and increased their target price for the company from $34.00 to $45.00 in a research report on Tuesday, May 3rd. Finally, Bank of America Corp. started coverage on Sysco Corp. in a research report on Monday, June 20th. They issued a “neutral” rating and a $52.00 target price for the company. Four research 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 currently has an average rating of “Hold” and a consensus price target of $46.72.

The firm has a 50 day moving average price of $49.63 and a 200 day moving average price of $45.98. The firm has a market capitalization of $29.32 billion and a price-to-earnings ratio of 37.87.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Investors of record on Friday, July 1st will be issued a $0.31 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.24 dividend on an annualized basis and a yield of 2.38%.

In related news, CEO William J. Delaney III sold 20,115 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 422,508 shares of the company’s stock, valued at approximately $19,625,496.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Joel T. Grade sold 16,398 shares of the firm’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $51.00, for a total value of $836,298.00. Following the completion of the transaction, the chief financial officer now directly owns 59,021 shares in the company, valued at $3,010,071. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of SYY. MetLife Securities Inc boosted its stake in Sysco Corp. by 53.5% in the fourth quarter. MetLife Securities Inc now owns 24,935 shares of the company’s stock worth $1,022,000 after buying an additional 8,693 shares in the last quarter. Stonebridge Capital Advisors LLC boosted its stake in Sysco Corp. by 7.4% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 31,654 shares of the company’s stock worth $1,298,000 after buying an additional 2,180 shares in the last quarter. Tredje AP fonden boosted 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 worth $1,601,000 after buying an additional 855 shares in the last quarter. Private Advisor Group LLC boosted its stake in Sysco Corp. by 25.4% in the fourth quarter. Private Advisor Group LLC now owns 39,781 shares of the company’s stock worth $1,631,000 after buying an additional 8,057 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in Sysco Corp. by 4.6% in the fourth quarter. Pinnacle Associates Ltd. now owns 46,302 shares of the company’s stock worth $1,898,000 after buying an additional 2,031 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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