Sysco Corporation (NYSE:SYY) CEO William J. Delaney III sold 150,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $54.05, for a total transaction of $8,107,500.00. Following the completion of the sale, the chief executive officer now owns 526,725 shares of the company’s stock, valued at $28,469,486.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sysco Corporation (NYSE SYY) traded up $0.38 on Friday, hitting $54.48. 2,003,300 shares of the stock traded hands, compared to its average volume of 2,918,071. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. Sysco Corporation has a fifty-two week low of $48.85 and a fifty-two week high of $57.23. The company has a market cap of $28,590.00, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.43 and a beta of 0.53.

Sysco Corporation (NYSE:SYY) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The business had revenue of $14.65 billion for the quarter, compared to the consensus estimate of $14.43 billion. Sysco Corporation had a net margin of 2.12% and a return on equity of 58.47%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. sell-side analysts predict that Sysco Corporation will post 2.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be given a dividend of $0.36 per share. This is an increase from Sysco Corporation’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 2.64%. Sysco Corporation’s dividend payout ratio is 60.27%.

COPYRIGHT VIOLATION WARNING: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/william-j-delaney-iii-sells-150000-shares-of-sysco-corporation-syy-stock/1710132.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kistler Tiffany Companies LLC lifted its position in Sysco Corporation by 0.4% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock worth $147,000 after buying an additional 12 shares in the last quarter. Schnieders Capital Management LLC lifted its position in Sysco Corporation by 0.4% during the 2nd quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock valued at $205,000 after purchasing an additional 18 shares during the period. Blue Chip Partners Inc. lifted its position in Sysco Corporation by 0.6% during the 2nd quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock valued at $149,000 after purchasing an additional 18 shares during the period. Northwest Quadrant Wealth Management LLC lifted its position in Sysco Corporation by 0.6% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 5,169 shares of the company’s stock valued at $269,000 after purchasing an additional 29 shares during the period. Finally, Keel Point LLC lifted its position in Sysco Corporation by 0.8% during the 2nd quarter. Keel Point LLC now owns 5,782 shares of the company’s stock valued at $291,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

SYY has been the topic of a number of research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 target price on shares of Sysco Corporation in a research report on Friday, August 4th. Pivotal Research reaffirmed a “hold” rating and set a $53.00 target price on shares of Sysco Corporation in a research report on Sunday, November 5th. Royal Bank Of Canada set a $50.00 target price on shares of Sysco Corporation and gave the stock a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco Corporation in a research report on Tuesday, September 12th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $56.42.

Sysco Corporation 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 Corporation (NYSE:SYY)

Receive News & Ratings for Sysco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.