SYSCO Co. (NYSE:SYY) Director Joshua D. Frank sold 1,013,666 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $75.09, for a total transaction of $76,116,179.94. Following the completion of the transaction, the director now directly owns 4,005 shares in the company, valued at approximately $300,735.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Joshua D. Frank also recently made the following trade(s):

  • On Wednesday, September 5th, Joshua D. Frank sold 816,640 shares of SYSCO stock. The shares were sold at an average price of $75.00, for a total transaction of $61,248,000.00.

SYSCO stock traded down $0.46 during midday trading on Wednesday, hitting $74.49. 5,496,700 shares of the stock were exchanged, compared to its average volume of 2,732,184. SYSCO Co. has a 1 year low of $52.18 and a 1 year high of $75.98. The company has a market capitalization of $38.83 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.02 and a beta of 0.54. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.21 and a quick ratio of 0.74.

SYSCO (NYSE:SYY) last released its quarterly earnings results on Monday, August 13th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. SYSCO had a net margin of 2.44% and a return on equity of 68.15%. The firm had revenue of $15.32 billion for the quarter, compared to the consensus estimate of $15.30 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. analysts forecast that SYSCO Co. will post 3.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 5th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, October 4th. SYSCO’s dividend payout ratio (DPR) is 45.86%.

SYY has been the topic of a number of research reports. Argus raised their target price on shares of SYSCO from $67.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Morgan Stanley raised their target price on shares of SYSCO from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 17th. Citigroup raised their target price on shares of SYSCO from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, June 19th. Pivotal Research downgraded shares of SYSCO from a “hold” rating to a “sell” rating and set a $58.00 target price on the stock. in a research note on Friday, August 10th. Finally, Jefferies Financial Group set a $68.00 target price on shares of SYSCO and gave the company a “hold” rating in a research note on Monday, August 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $72.42.

A number of institutional investors have recently added to or reduced their stakes in SYY. LSV Asset Management purchased a new stake in SYSCO during the 1st quarter worth $485,000. Quantitative Systematic Strategies LLC bought a new stake in shares of SYSCO in the 1st quarter worth about $273,000. Centaurus Financial Inc. bought a new stake in shares of SYSCO in the 1st quarter worth about $129,000. Synovus Financial Corp bought a new stake in shares of SYSCO in the 1st quarter worth about $460,000. Finally, ETRADE Capital Management LLC increased its position in shares of SYSCO by 39.1% in the 1st quarter. ETRADE Capital Management LLC now owns 14,856 shares of the company’s stock worth $891,000 after purchasing an additional 4,176 shares during the last quarter. 80.19% of the stock is currently owned by hedge funds and other institutional investors.

SYSCO Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg.

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

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