SYSCO Co. (NYSE:SYY) insider Wayne Shurts sold 15,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $61.44, for a total value of $958,464.00. Following the completion of the sale, the insider now directly owns 55,235 shares in the company, valued at $3,393,638.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Wayne Shurts also recently made the following trade(s):
- On Wednesday, December 13th, Wayne Shurts sold 7,800 shares of SYSCO stock. The stock was sold at an average price of $61.76, for a total value of $481,728.00.
- On Wednesday, November 29th, Wayne Shurts sold 15,600 shares of SYSCO stock. The stock was sold at an average price of $56.66, for a total value of $883,896.00.
- On Tuesday, October 24th, Wayne Shurts sold 7,800 shares of SYSCO stock. The stock was sold at an average price of $54.86, for a total value of $427,908.00.
SYSCO Co. (NYSE SYY) opened at $61.38 on Friday. SYSCO Co. has a 1-year low of $48.85 and a 1-year high of $62.79. The firm has a market cap of $31,980.00, a P/E ratio of 28.03, a P/E/G ratio of 2.44 and a beta of 0.53. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.40 and a quick ratio of 0.88.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be issued a $0.36 dividend. This is a positive change from SYSCO’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, January 4th. SYSCO’s payout ratio is presently 65.75%.
SYY has been the topic of a number of analyst reports. Pivotal Research reissued a “hold” rating and issued a $53.00 price target on shares of SYSCO in a research report on Sunday, November 5th. Loop Capital boosted their price target on SYSCO to $68.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. 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. Finally, Zacks Investment Research cut SYSCO from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $59.55.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. KCS Wealth Advisory purchased a new position in SYSCO in the 4th quarter worth approximately $203,000. Appleton Partners Inc. MA raised its holdings in SYSCO by 111.0% in the 4th quarter. Appleton Partners Inc. MA now owns 12,133 shares of the company’s stock worth $737,000 after acquiring an additional 6,383 shares during the last quarter. Indiana Trust & Investment Management CO raised its holdings in SYSCO by 13.5% in the 4th quarter. Indiana Trust & Investment Management CO now owns 12,803 shares of the company’s stock worth $777,000 after acquiring an additional 1,525 shares during the last quarter. Mitchell Sinkler & Starr PA purchased a new position in SYSCO in the 4th quarter worth approximately $215,000. Finally, Sawyer & Company Inc purchased a new position in SYSCO in the 4th quarter worth approximately $5,973,000. 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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