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 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.

ILLEGAL ACTIVITY NOTICE: “SYSCO Co. (SYY) SVP Sells $4,923,868.88 in Stock” was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.thelincolnianonline.com/2018/01/14/sysco-co-syy-svp-sells-4923868-88-in-stock.html.

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.

Insider Buying and Selling by Quarter for SYSCO (NYSE:SYY)

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply