Sysco (SYY) Insider Paul T. Moskowitz Sells 30,667 Shares

Sysco (NYSE:SYY) insider Paul T. Moskowitz sold 30,667 shares of the company’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $62.50, for a total value of $1,916,687.50. Following the sale, the insider now owns 58,329 shares in the company, valued at $3,645,562.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SYY stock opened at $61.58 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 3.66. The company has a market capitalization of $32,280.67, a P/E ratio of 24.83, a P/E/G ratio of 2.09 and a beta of 0.55. Sysco has a 1-year low of $48.85 and a 1-year high of $64.27.

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Sysco (NYSE:SYY) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $14.15 billion. Sysco had a net margin of 2.10% and a return on equity of 61.02%. Sysco’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share. sell-side analysts predict that Sysco will post 2.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, April 5th. Sysco’s dividend payout ratio (DPR) is 58.06%.

Several brokerages have recently weighed in on SYY. Morgan Stanley upgraded Sysco from an “underweight” rating to an “equal weight” rating and set a $64.00 price target on the stock in a research report on Tuesday, January 16th. Citigroup upped their price target on Sysco from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, March 27th. Credit Suisse Group began coverage on Sysco in a research report on Tuesday. They set an “outperform” rating and a $68.00 price target on the stock. Jefferies Group set a $67.00 price target on Sysco and gave the company a “hold” rating in a research report on Monday, February 5th. Finally, BMO Capital Markets set a $74.00 price target on Sysco and gave the company a “buy” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Sysco currently has a consensus rating of “Hold” and a consensus price target of $65.25.

Several hedge funds have recently bought and sold shares of SYY. Miller Howard Investments Inc. NY bought a new position in shares of Sysco in the fourth quarter worth approximately $60,798,000. Millennium Management LLC increased its position in shares of Sysco by 701.8% in the fourth quarter. Millennium Management LLC now owns 1,057,931 shares of the company’s stock worth $64,248,000 after purchasing an additional 925,982 shares during the last quarter. Element Capital Management LLC bought a new position in shares of Sysco in the fourth quarter worth approximately $45,129,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Sysco in the fourth quarter worth approximately $31,092,000. Finally, American Century Companies Inc. boosted its stake in Sysco by 7.5% in the fourth quarter. American Century Companies Inc. now owns 6,578,176 shares of the company’s stock worth $399,493,000 after buying an additional 457,259 shares in the last quarter. Institutional investors own 79.02% of the company’s stock.

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Sysco Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg.

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

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