SYSCO Co. (NYSE:SYY) insider Wayne Shurts sold 15,600 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $61.44, for a total transaction of $958,464.00. Following the completion of the transaction, the insider now owns 55,235 shares in the company, valued at $3,393,638.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, December 13th, Wayne Shurts sold 7,800 shares of SYSCO stock. The shares were sold at an average price of $61.76, for a total transaction of $481,728.00.
  • On Wednesday, November 29th, Wayne Shurts sold 15,600 shares of SYSCO stock. The shares were sold at an average price of $56.66, for a total transaction of $883,896.00.
  • On Tuesday, October 24th, Wayne Shurts sold 7,800 shares of SYSCO stock. The shares were sold at an average price of $54.86, for a total transaction of $427,908.00.

Shares of SYSCO Co. (NYSE:SYY) opened at $61.38 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. SYSCO Co. has a 12-month low of $48.85 and a 12-month high of $62.79. The stock has a market cap of $31,980.00, a price-to-earnings ratio of 28.03, a PEG ratio of 2.64 and a beta of 0.53.

SYSCO (NYSE:SYY) last issued its quarterly earnings data 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. SYSCO had a net margin of 2.12% and a return on equity of 58.47%. The company had revenue of $14.65 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. research analysts expect that SYSCO Co. will post 2.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be given a dividend of $0.36 per share. This is an increase from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, January 4th. This represents a $1.44 annualized dividend and a dividend yield of 2.35%. SYSCO’s dividend payout ratio is currently 65.75%.

Several brokerages have commented on SYY. Loop Capital upped their target price on shares of SYSCO to $68.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Pivotal Research upped their target price on shares of SYSCO from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised shares of SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a research note on Wednesday. Finally, BMO Capital Markets set a $66.00 target price on shares of SYSCO and gave the company a “buy” rating in a research note on Friday, December 8th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.55.

Several hedge funds have recently modified their holdings of SYY. Beach Investment Management LLC. bought a new position in SYSCO in the second quarter valued at $2,198,000. Marshall Wace North America L.P. grew its position in SYSCO by 14.4% in the second quarter. Marshall Wace North America L.P. now owns 109,121 shares of the company’s stock valued at $5,457,000 after purchasing an additional 13,703 shares in the last quarter. Marshall Wace LLP bought a new position in SYSCO in the second quarter valued at $265,000. Progressive Investment Management Corp grew its position in SYSCO by 1.2% in the second quarter. Progressive Investment Management Corp now owns 8,431 shares of the company’s stock valued at $424,000 after purchasing an additional 102 shares in the last quarter. Finally, Boston Private Wealth LLC grew its position in SYSCO by 2.5% in the second quarter. Boston Private Wealth LLC now owns 12,529 shares of the company’s stock valued at $631,000 after purchasing an additional 300 shares in the last quarter. 80.07% of the stock is owned by institutional investors.

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SYSCO Company Profile

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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