SYSCO Co. (NYSE:SYY) Director Richard G. Tilghman sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $73.82, for a total transaction of $369,100.00. Following the completion of the sale, the director now owns 66,137 shares in the company, valued at approximately $4,882,233.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE:SYY opened at $74.83 on Monday. The firm has a market cap of $35.68 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 1.89 and a beta of 0.56. The company has a current ratio of 1.44, a quick ratio of 0.90 and a debt-to-equity ratio of 3.76. SYSCO Co. has a 52 week low of $50.83 and a 52 week high of $75.33.

SYSCO (NYSE:SYY) last issued its quarterly earnings results on Monday, August 13th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $15.32 billion for the quarter, compared to analyst estimates of $15.30 billion. SYSCO had a net margin of 2.23% and a return on equity of 64.33%. SYSCO’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. equities analysts anticipate that SYSCO Co. will post 3.01 earnings per share for the current year.

The company also recently announced 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 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Thursday, October 4th. SYSCO’s dividend payout ratio is presently 58.06%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Chip Partners Inc. bought a new position in SYSCO during the second quarter worth $104,000. Quad Cities Investment Group LLC bought a new position in SYSCO during the second quarter worth $111,000. Flagship Harbor Advisors LLC bought a new position in SYSCO during the second quarter worth $121,000. Fort L.P. bought a new position in SYSCO during the second quarter worth $123,000. Finally, Private Capital Group LLC raised its stake in SYSCO by 970.2% during the first quarter. Private Capital Group LLC now owns 2,044 shares of the company’s stock worth $123,000 after buying an additional 1,853 shares during the last quarter. 79.15% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on SYY. Pivotal Research raised their target price on shares of SYSCO from $58.00 to $62.00 and gave the company a “sell” rating in a research report on Saturday. 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 report on Thursday. Loop Capital lifted their price target on shares of SYSCO to $80.00 and gave the stock a “buy” rating in a report on Tuesday, August 14th. BMO Capital Markets lifted their price target on shares of SYSCO from $74.00 to $81.00 and gave the stock an “outperform” rating in a report on Tuesday, August 14th. Finally, Morgan Stanley lifted their price target on shares of SYSCO from $67.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. SYSCO has a consensus rating of “Hold” and a consensus target price of $72.42.

About SYSCO

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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