SYSCO Co. (NYSE:SYY) insider Wayne Shurts sold 15,600 shares of SYSCO stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $61.44, for a total value of $958,464.00. Following the sale, the insider now owns 55,235 shares in the company, valued at approximately $3,393,638.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

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

SYSCO Co. (NYSE:SYY) traded down $0.13 during midday trading on Thursday, hitting $61.22. The company had a trading volume of 1,682,106 shares, compared to its average volume of 2,700,000. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.88 and a current ratio of 1.40. SYSCO Co. has a 52-week low of $48.85 and a 52-week high of $62.79. The stock has a market capitalization of $31,900.00, a price-to-earnings ratio of 27.95, a P/E/G ratio of 2.64 and a beta of 0.53.

SYSCO (NYSE:SYY) last released its quarterly earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. SYSCO had a return on equity of 58.47% and a net margin of 2.12%. The firm had revenue of $14.65 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter last year, the company posted $0.67 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. equities analysts forecast that SYSCO Co. will post 2.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, January 4th. This is a positive change from SYSCO’s previous quarterly dividend of $0.33. SYSCO’s payout ratio is currently 65.75%.

A number of institutional investors and hedge funds have recently made changes to their positions in SYY. Janus Henderson Group PLC boosted its holdings in SYSCO by 9,055.0% in the 2nd quarter. Janus Henderson Group PLC now owns 5,707,603 shares of the company’s stock valued at $287,264,000 after purchasing an additional 5,645,259 shares in the last quarter. American Century Companies Inc. boosted its holdings in SYSCO by 47.6% in the 2nd quarter. American Century Companies Inc. now owns 5,054,930 shares of the company’s stock valued at $254,415,000 after purchasing an additional 1,629,990 shares in the last quarter. Capital World Investors boosted its holdings in SYSCO by 11.7% in the 2nd quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock valued at $692,893,000 after purchasing an additional 1,445,000 shares in the last quarter. Nordea Investment Management AB boosted its holdings in SYSCO by 252.7% in the 2nd quarter. Nordea Investment Management AB now owns 1,928,089 shares of the company’s stock valued at $97,041,000 after purchasing an additional 1,381,441 shares in the last quarter. Finally, Parnassus Investments CA boosted its holdings in SYSCO by 20.3% in the 3rd quarter. Parnassus Investments CA now owns 7,410,401 shares of the company’s stock valued at $399,791,000 after purchasing an additional 1,250,005 shares in the last quarter. 80.07% of the stock is currently owned by institutional investors.

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

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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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