SYSCO Co. (NYSE:SYY) Director Richard G. Tilghman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $59.80, for a total value of $299,000.00. Following the transaction, the director now directly owns 90,552 shares in the company, valued at approximately $5,415,009.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of SYSCO Co. (NYSE SYY) traded up $0.74 on Friday, hitting $60.12. 4,533,786 shares of the stock traded hands, compared to its average volume of 2,259,317. SYSCO Co. has a twelve month low of $48.85 and a twelve month high of $64.27. The firm has a market capitalization of $30,991.54, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 3.66.

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SYSCO (NYSE:SYY) last announced its earnings results on Monday, February 5th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $14.15 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. sell-side analysts forecast that SYSCO Co. will post 2.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, April 5th. This represents a $1.44 annualized dividend and a dividend yield of 2.40%. SYSCO’s dividend payout ratio (DPR) is 64.29%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in shares of SYSCO by 2.0% during the third quarter. Ameriprise Financial Inc. now owns 10,451,813 shares of the company’s stock worth $563,890,000 after buying an additional 208,815 shares during the period. Parnassus Investments CA boosted its stake in shares of SYSCO by 1.8% during the fourth quarter. Parnassus Investments CA now owns 7,547,366 shares of the company’s stock worth $458,352,000 after buying an additional 136,965 shares during the period. American Century Companies Inc. boosted its stake in shares of SYSCO by 7.5% during the fourth quarter. American Century Companies Inc. now owns 6,578,176 shares of the company’s stock worth $399,493,000 after buying an additional 457,259 shares during the period. Janus Henderson Group PLC boosted its stake in shares of SYSCO by 4.6% during the third quarter. Janus Henderson Group PLC now owns 5,969,351 shares of the company’s stock worth $322,047,000 after buying an additional 261,748 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of SYSCO by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 5,707,166 shares of the company’s stock worth $307,903,000 after buying an additional 51,159 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Several equities analysts have issued reports on SYY shares. Loop Capital raised their price objective on SYSCO to $68.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Pivotal Research raised their price objective on SYSCO from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. BMO Capital Markets set a $66.00 price objective on SYSCO and gave the stock a “buy” rating in a report on Friday, December 8th. Zacks Investment Research raised SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective on the stock in a report on Wednesday, January 10th. Finally, Jefferies Group set a $67.00 price objective on SYSCO and gave the stock a “hold” rating in a report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $65.20.

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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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