Sysco Corporation (NYSE:SYY) EVP Wayne Shurts sold 7,800 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $61.76, for a total value of $481,728.00. Following the completion of the sale, the executive vice president now directly owns 55,235 shares in the company, valued at $3,411,313.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wayne Shurts also recently made the following trade(s):

  • On Wednesday, November 29th, Wayne Shurts sold 15,600 shares of Sysco stock. The stock was sold at an average price of $56.66, for a total value of $883,896.00.
  • On Tuesday, October 24th, Wayne Shurts sold 7,800 shares of Sysco stock. The stock was sold at an average price of $54.86, for a total value of $427,908.00.

Shares of Sysco Corporation (NYSE:SYY) traded down $0.72 on Friday, hitting $60.90. The stock had a trading volume of 3,086,500 shares, compared to its average volume of 2,901,728. The firm has a market capitalization of $32,107.49, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 2.64 and a beta of 0.54. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.40 and a quick ratio of 0.88. Sysco Corporation has a 52 week low of $48.85 and a 52 week high of $62.79.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $14.65 billion for the quarter, compared to analyst estimates of $14.43 billion. Sysco had a return on equity of 58.47% and a net margin of 2.12%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. research analysts expect that Sysco Corporation will post 2.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from Sysco’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, January 4th. Sysco’s dividend payout ratio (DPR) is 60.00%.

Several institutional investors and hedge funds have recently modified their holdings of the company. City Holding Co. boosted its stake in Sysco by 5.2% during the second quarter. City Holding Co. now owns 35,812 shares of the company’s stock valued at $1,802,000 after buying an additional 1,780 shares in the last quarter. Iberiabank Corp boosted its stake in Sysco by 1.9% during the second quarter. Iberiabank Corp now owns 62,914 shares of the company’s stock valued at $3,166,000 after buying an additional 1,143 shares in the last quarter. Waverton Investment Management Ltd boosted its stake in Sysco by 3.4% during the second quarter. Waverton Investment Management Ltd now owns 12,842 shares of the company’s stock valued at $646,000 after buying an additional 428 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in Sysco by 7.8% during the second quarter. Capital Investment Advisors LLC now owns 74,931 shares of the company’s stock valued at $3,771,000 after buying an additional 5,395 shares in the last quarter. Finally, New England Research & Management Inc. boosted its stake in Sysco by 66.0% during the second quarter. New England Research & Management Inc. now owns 15,390 shares of the company’s stock valued at $775,000 after buying an additional 6,120 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a research report on Tuesday, September 12th. Pivotal Research increased their target price on Sysco from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Sysco from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, October 10th. Finally, Loop Capital raised their price target on Sysco to $68.00 and gave the company a “buy” rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $58.55.

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About Sysco

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 (NYSE:SYY)

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