SYSCO Co. (NYSE:SYY) insider Wayne Shurts sold 15,600 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $61.44, for a total transaction of $958,464.00. Following the sale, the insider now owns 55,235 shares of the company’s stock, valued at $3,393,638.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Wayne Shurts also recently made the following trade(s):
- On Wednesday, December 13th, Wayne Shurts sold 7,800 shares of SYSCO stock. The shares were sold at an average price of $61.76, for a total transaction of $481,728.00.
- On Wednesday, November 29th, Wayne Shurts sold 15,600 shares of SYSCO stock. The shares were sold at an average price of $56.66, for a total transaction of $883,896.00.
- On Tuesday, October 24th, Wayne Shurts sold 7,800 shares of SYSCO stock. The shares were sold at an average price of $54.86, for a total transaction of $427,908.00.
Shares of SYSCO Co. (NYSE:SYY) opened at $61.38 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77. The company has a market capitalization of $31,980.00, a price-to-earnings ratio of 28.03, a PEG ratio of 2.44 and a beta of 0.53. SYSCO Co. has a 12 month low of $48.85 and a 12 month high of $62.79.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.35%. This is a positive change 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 65.75%.
SYY has been the subject of a number of research reports. Pivotal Research reiterated a “hold” rating and set a $53.00 target price on shares of SYSCO in a research note on Sunday, November 5th. Zacks Investment Research upgraded shares of SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a research note on Wednesday. Loop Capital boosted their target price on shares of SYSCO to $68.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, BMO Capital Markets set a $66.00 target price on shares of SYSCO and gave the company a “buy” rating in a research note on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $59.55.
Several large investors have recently bought and sold shares of SYY. Beach Investment Management LLC. purchased a new stake in shares of SYSCO in the 2nd quarter worth $2,198,000. Marshall Wace North America L.P. increased its stake in shares of SYSCO by 14.4% in the 2nd quarter. Marshall Wace North America L.P. now owns 109,121 shares of the company’s stock worth $5,457,000 after purchasing an additional 13,703 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of SYSCO in the 2nd quarter worth $265,000. Progressive Investment Management Corp increased its stake in shares of SYSCO by 1.2% in the 2nd quarter. Progressive Investment Management Corp now owns 8,431 shares of the company’s stock worth $424,000 after purchasing an additional 102 shares in the last quarter. Finally, Boston Private Wealth LLC increased its stake in shares of SYSCO by 2.5% in the 2nd quarter. Boston Private Wealth LLC now owns 12,529 shares of the company’s stock worth $631,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 80.07% of the company’s stock.
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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.
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