SYSCO Co. (NYSE:SYY) Director Trian Fund Management, L.P. sold 2,215,532 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $66.45, for a total transaction of $147,222,101.40. Following the sale, the director now directly owns 7,055 shares in the company, valued at $468,804.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Trian Fund Management, L.P. also recently made the following trade(s):

  • On Wednesday, September 12th, Trian Fund Management, L.P. sold 2,115,358 shares of SYSCO stock. The shares were sold at an average price of $74.81, for a total transaction of $158,249,931.98.
  • On Friday, September 7th, Trian Fund Management, L.P. sold 2,790,710 shares of SYSCO stock. The shares were sold at an average price of $75.03, for a total transaction of $209,386,971.30.

SYSCO stock opened at $65.09 on Wednesday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.80 and a current ratio of 1.30. SYSCO Co. has a 12 month low of $54.55 and a 12 month high of $75.98. The firm has a market cap of $34.32 billion, a PE ratio of 20.73, a P/E/G ratio of 1.87 and a beta of 0.56.

SYSCO (NYSE:SYY) last posted its quarterly earnings results on Monday, November 5th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.01). The company had revenue of $15.22 billion for the quarter, compared to analysts’ expectations of $15.39 billion. SYSCO had a net margin of 2.52% and a return on equity of 68.81%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. As a group, equities analysts expect that SYSCO Co. will post 3.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Investors of record on Friday, January 4th will be issued a $0.39 dividend. The ex-dividend date is Thursday, January 3rd. This is a boost from SYSCO’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a yield of 2.40%. SYSCO’s dividend payout ratio is currently 45.86%.

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in SYSCO by 64.6% in the second quarter. Bank of America Corp DE now owns 17,662,742 shares of the company’s stock worth $1,206,188,000 after purchasing an additional 6,929,805 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in SYSCO by 1.2% during the second quarter. Janus Henderson Group PLC now owns 5,903,214 shares of the company’s stock valued at $403,131,000 after acquiring an additional 68,148 shares during the period. Morgan Stanley boosted its holdings in SYSCO by 26.0% during the third quarter. Morgan Stanley now owns 4,910,163 shares of the company’s stock valued at $359,669,000 after acquiring an additional 1,013,430 shares during the period. Victory Capital Management Inc. boosted its holdings in SYSCO by 2.1% during the second quarter. Victory Capital Management Inc. now owns 4,131,297 shares of the company’s stock valued at $282,126,000 after acquiring an additional 86,450 shares during the period. Finally, Legal & General Group Plc boosted its holdings in SYSCO by 4.3% during the third quarter. Legal & General Group Plc now owns 2,511,027 shares of the company’s stock valued at $183,937,000 after acquiring an additional 102,970 shares during the period. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Several equities analysts have recently commented on SYY shares. Zacks Investment Research restated a “hold” rating on shares of SYSCO in a report on Friday, November 16th. Citigroup lowered their price target on shares of SYSCO from $78.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday, November 13th. ValuEngine upgraded shares of SYSCO from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Royal Bank of Canada lowered their price target on shares of SYSCO from $67.00 to $65.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 6th. Finally, Morgan Stanley lowered their price target on shares of SYSCO from $71.00 to $69.00 and set a “hold” rating on the stock in a report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. SYSCO has an average rating of “Hold” and a consensus price target of $73.54.

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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. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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

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