Sysco Corp. (NYSE:SYY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $53.97 and last traded at $52.01, with a volume of 4,973,004 shares changing hands. The stock had previously closed at $52.21.

A number of brokerages recently issued reports on SYY. Vetr upgraded Sysco Corp. from a “strong sell” rating to a “hold” rating and set a $52.00 price objective on the stock in a research note on Monday, July 18th. Deutsche Bank AG began coverage on Sysco Corp. in a research note on Monday, July 18th. They issued a “hold” rating and a $52.00 price objective on the stock. Morgan Stanley restated a “sell” rating on shares of Sysco Corp. in a research note on Monday, June 20th. Bank of America Corp. began coverage on Sysco Corp. in a research note on Monday, June 20th. They issued a “neutral” rating and a $52.00 price objective on the stock. Finally, BMO Capital Markets restated a “hold” rating and issued a $52.00 price objective on shares of Sysco Corp. in a research note on Thursday, June 16th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $48.14.

The stock has a market capitalization of $29.32 billion and a price-to-earnings ratio of 37.871. The stock has a 50 day moving average of $51.45 and a 200 day moving average of $47.71.

Sysco Corp. (NYSE:SYY) last posted its earnings results on Monday, August 15th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. During the same quarter last year, the company posted $0.52 earnings per share. The business earned $13.65 billion during the quarter, compared to the consensus estimate of $13.68 billion. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities research analysts expect that Sysco Corp. will post $2.03 EPS for the current year.

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

In other news, CFO Joel T. Grade sold 16,368 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $52.01, for a total value of $851,299.68. Following the transaction, the chief financial officer now owns 60,031 shares of the company’s stock, valued at $3,122,212.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William B. Day sold 75,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $51.53, for a total value of $3,864,750.00. Following the completion of the transaction, the insider now directly owns 201,283 shares in the company, valued at approximately $10,372,112.99. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Sysco Corp. by 33.5% in the fourth quarter. Victory Capital Management Inc. now owns 69,472 shares of the company’s stock valued at $2,848,000 after buying an additional 17,434 shares during the period. Utah Retirement Systems increased its position in Sysco Corp. by 0.3% in the fourth quarter. Utah Retirement Systems now owns 106,474 shares of the company’s stock valued at $4,365,000 after buying an additional 300 shares during the period. BlackRock Advisors LLC increased its position in Sysco Corp. by 11.8% in the fourth quarter. BlackRock Advisors LLC now owns 574,044 shares of the company’s stock valued at $23,536,000 after buying an additional 60,651 shares during the period. Ancora Advisors LLC increased its position in Sysco Corp. by 157.7% in the fourth quarter. Ancora Advisors LLC now owns 47,313 shares of the company’s stock valued at $1,878,000 after buying an additional 28,950 shares during the period. Finally, Calvert Investment Management Inc. increased its position in Sysco Corp. by 32.0% in the fourth quarter. Calvert Investment Management Inc. now owns 39,689 shares of the company’s stock valued at $1,627,000 after buying an additional 9,617 shares during the period.

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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