Wayne Shurts Sells 15,600 Shares of SYSCO Co. (SYY) Stock

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.

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

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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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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