Sysco Corporation (NYSE:SYY) CEO William J. Delaney III sold 200,000 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $53.76, for a total transaction of $10,752,000.00. Following the completion of the sale, the chief executive officer now directly owns 576,725 shares of the company’s stock, valued at $31,004,736. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sysco Corporation (NYSE:SYY) opened at 53.37 on Friday. The firm has a market cap of $28.17 billion, a P/E ratio of 25.66 and a beta of 0.52. Sysco Corporation has a 12-month low of $47.15 and a 12-month high of $57.07. The stock’s 50 day moving average is $52.31 and its 200 day moving average is $52.57.

Sysco Corporation (NYSE:SYY) last posted its earnings results on Monday, August 14th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.35 billion. Sysco Corporation had a return on equity of 53.25% and a net margin of 2.06%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. On average, equities research analysts expect that Sysco Corporation will post $2.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.47%. The ex-dividend date is Thursday, October 5th. Sysco Corporation’s payout ratio is 63.16%.

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Several research firms have commented on SYY. BidaskClub lowered shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. BMO Capital Markets reissued an “outperform” rating on shares of Sysco Corporation in a research report on Tuesday, September 12th. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a research report on Friday, June 23rd. J P Morgan Chase & Co reissued an “overweight” rating and set a $57.00 price target on shares of Sysco Corporation in a research report on Friday, June 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $51.00 price target on shares of Sysco Corporation in a research report on Friday, August 4th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Sysco Corporation currently has a consensus rating of “Hold” and a consensus target price of $56.17.

A number of hedge funds have recently bought and sold shares of SYY. BlackRock Inc. lifted its stake in Sysco Corporation by 2,088.2% during the first quarter. BlackRock Inc. now owns 32,207,618 shares of the company’s stock worth $1,672,219,000 after purchasing an additional 30,735,711 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Sysco Corporation by 9,055.0% during the second quarter. Janus Henderson Group PLC now owns 5,707,603 shares of the company’s stock worth $287,264,000 after purchasing an additional 5,645,259 shares during the last quarter. American Century Companies Inc. lifted its stake in Sysco Corporation by 47.6% during the second quarter. American Century Companies Inc. now owns 5,054,930 shares of the company’s stock worth $254,415,000 after purchasing an additional 1,629,990 shares during the last quarter. Capital World Investors lifted its stake in Sysco Corporation by 11.7% during the second quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock worth $692,893,000 after purchasing an additional 1,445,000 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Sysco Corporation by 252.7% during the second quarter. Nordea Investment Management AB now owns 1,928,089 shares of the company’s stock worth $97,041,000 after purchasing an additional 1,381,441 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

About Sysco Corporation

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

Insider Buying and Selling by Quarter for Sysco Corporation (NYSE:SYY)

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