Sysco Corporation (NYSE:SYY) CEO William J. Delaney III sold 150,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $54.05, for a total transaction of $8,107,500.00. Following the completion of the sale, the chief executive officer now owns 526,725 shares in the company, valued at approximately $28,469,486.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Sysco Corporation (NYSE:SYY) opened at $54.89 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77. The company has a market capitalization of $28,530.00, a PE ratio of 21.54, a P/E/G ratio of 2.46 and a beta of 0.53. Sysco Corporation has a 12-month low of $48.85 and a 12-month high of $57.23.

Sysco Corporation (NYSE:SYY) last posted its earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The company had revenue of $14.65 billion during the quarter, compared to analyst estimates of $14.43 billion. Sysco Corporation had a return on equity of 58.47% and a net margin of 2.12%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS. analysts anticipate that Sysco Corporation will post 2.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be given a $0.36 dividend. This is a positive change from Sysco Corporation’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 2.62%. Sysco Corporation’s payout ratio is currently 60.27%.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Sysco Corporation by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 38,501,911 shares of the company’s stock valued at $1,937,801,000 after acquiring an additional 590,968 shares in the last quarter. BlackRock Inc. lifted its stake in Sysco Corporation by 0.3% in the 2nd quarter. BlackRock Inc. now owns 32,291,082 shares of the company’s stock valued at $1,625,211,000 after acquiring an additional 83,464 shares in the last quarter. State Street Corp lifted its stake in Sysco Corporation by 1.0% in the 2nd quarter. State Street Corp now owns 26,707,981 shares of the company’s stock valued at $1,344,209,000 after acquiring an additional 272,303 shares in the last quarter. Capital World Investors lifted its stake in Sysco Corporation by 11.7% in the 2nd quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock valued at $692,893,000 after acquiring an additional 1,445,000 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Sysco Corporation by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 10,451,813 shares of the company’s stock worth $563,890,000 after purchasing an additional 208,815 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Several research analysts recently commented on SYY shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $51.00 target price on shares of Sysco Corporation in a research report on Friday, August 4th. Pivotal Research reaffirmed a “hold” rating and issued a $53.00 target price on shares of Sysco Corporation in a research report on Sunday, November 5th. Royal Bank Of Canada set a $50.00 price objective on Sysco Corporation and gave the company a “hold” rating in a report on Friday, August 11th. Zacks Investment Research cut Sysco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Sysco Corporation in a report on Tuesday, September 12th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Sysco Corporation has an average rating of “Hold” and an average target price of $56.42.

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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