Insider Selling: SYSCO Co. (SYY) Insider Sells $958,464.00 in Stock

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.

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

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.

ILLEGAL ACTIVITY WARNING: “Insider Selling: SYSCO Co. (SYY) Insider Sells $958,464.00 in Stock” was published by Week Herald and is owned by of Week Herald. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://weekherald.com/2018/01/14/insider-selling-sysco-co-syy-insider-sells-958464-00-in-stock.html.

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)

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