SYSCO Co. (NYSE:SYY) SVP Greg D. Bertrand sold 81,038 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $60.76, for a total value of $4,923,868.88. Following the transaction, the senior vice president now directly owns 69,721 shares of the company’s stock, valued at approximately $4,236,247.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of SYSCO Co. (NYSE SYY) opened at $61.38 on Friday. The company has a market capitalization of $31,980.00, a P/E ratio of 28.03, a PEG ratio of 2.44 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77. SYSCO Co. has a twelve month low of $48.85 and a twelve month high of $62.79.
SYSCO (NYSE:SYY) last released its quarterly earnings data on Monday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $14.65 billion during the quarter, compared to the consensus estimate of $14.43 billion. SYSCO had a return on equity of 58.47% and a net margin of 2.12%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. analysts forecast that SYSCO Co. will post 2.78 earnings per share for the current 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 issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, January 4th. This is an increase from SYSCO’s previous quarterly dividend of $0.33. SYSCO’s dividend payout ratio is presently 65.75%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Chip Partners Inc. lifted its holdings in SYSCO 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 last quarter. Northwest Quadrant Wealth Management LLC lifted its holdings in SYSCO 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 last quarter. Keel Point LLC lifted its holdings in SYSCO 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 last quarter. First Interstate Bank lifted its holdings in SYSCO by 1.4% during the 2nd quarter. First Interstate Bank now owns 4,975 shares of the company’s stock valued at $250,000 after purchasing an additional 67 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings 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 valued at $896,000 after purchasing an additional 100 shares during the last quarter. 80.07% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on the company. 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 report on Wednesday. Pivotal Research upped their price target on SYSCO from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Loop Capital upped their price target on SYSCO to $68.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, BMO Capital Markets set a $66.00 price target on SYSCO and gave the stock a “buy” rating in a research 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 given a strong buy rating to the company. SYSCO currently 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.
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