SYSCO Co. (SYY) SVP Sells $4,923,868.88 in Stock
SYSCO Co. (NYSE:SYY) SVP Greg D. Bertrand sold 81,038 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $60.76, for a total value of $4,923,868.88. Following the completion of the sale, the senior vice president now directly owns 69,721 shares of the company’s stock, valued at $4,236,247.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
SYSCO Co. (NYSE SYY) traded down $0.13 during midday trading on Friday, reaching $61.22. The company had a trading volume of 1,744,700 shares, compared to its average volume of 2,634,163. SYSCO Co. has a twelve month low of $48.85 and a twelve month high of $62.79. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. The company has a market cap of $31,900.00, a PE ratio of 27.95, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53.
SYSCO (NYSE:SYY) last posted its earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. SYSCO had a return on equity of 58.47% and a net margin of 2.12%. The business had revenue of $14.65 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same period in the prior year, the business earned $0.67 EPS. SYSCO’s revenue for the quarter was up 4.9% compared to the same quarter last year. analysts anticipate that SYSCO Co. will post 2.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 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 2.35%. This is a boost from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, January 4th. SYSCO’s dividend payout ratio is presently 65.75%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Chip Partners Inc. increased its stake in SYSCO by 0.6% during the 2nd quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock worth $149,000 after purchasing an additional 18 shares in the last quarter. Northwest Quadrant Wealth Management LLC increased its stake in SYSCO by 0.6% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 5,169 shares of the company’s stock worth $269,000 after purchasing an additional 29 shares in the last quarter. Keel Point LLC increased its stake in SYSCO by 0.8% during the 2nd quarter. Keel Point LLC now owns 5,782 shares of the company’s stock worth $291,000 after purchasing an additional 47 shares in the last quarter. First Interstate Bank increased its stake in SYSCO by 1.4% during the 2nd quarter. First Interstate Bank now owns 4,975 shares of the company’s stock worth $250,000 after purchasing an additional 67 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its stake in SYSCO by 0.6% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 17,800 shares of the company’s stock worth $896,000 after purchasing an additional 100 shares in the last quarter. 80.07% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on SYY. Zacks Investment Research raised SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research note on Wednesday. Pivotal Research upped their price target on SYSCO from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. BMO Capital Markets set a $66.00 price target on SYSCO and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, Loop Capital upped their price target on SYSCO to $68.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. SYSCO currently has an average rating of “Buy” and an average price target of $59.55.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/sysco-co-syy-svp-sells-4923868-88-in-stock/1804413.html.
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.
Receive News & Ratings for SYSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SYSCO and related companies with Analyst Ratings Network's FREE daily email newsletter.