SYSCO Co. (NYSE:SYY) SVP William W. Goetz sold 11,323 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $62.00, for a total value of $702,026.00. Following the transaction, the senior vice president now owns 35,825 shares in the company, valued at approximately $2,221,150. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of SYSCO Co. (NYSE SYY) opened at $63.21 on Friday. The firm has a market capitalization of $32,940.00, a P/E ratio of 28.86, a P/E/G ratio of 2.43 and a beta of 0.53. SYSCO Co. has a 52 week low of $48.85 and a 52 week high of $63.30. 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 released its quarterly earnings data on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $14.65 billion for the quarter, compared to analysts’ expectations of $14.43 billion. SYSCO had a return on equity of 58.47% and a net margin of 2.12%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. analysts forecast that SYSCO Co. will post 2.85 earnings per share for the current fiscal year.
A number of research firms have weighed in on SYY. Zacks Investment Research upgraded SYSCO from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, October 10th. 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 note on Tuesday, January 16th. BMO Capital Markets set a $66.00 price target on SYSCO and gave the stock a “buy” rating in a research note on Friday, December 8th. Pivotal Research upped their price target on SYSCO from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Finally, Loop Capital upped their price target on SYSCO to $68.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $59.92.
A number of hedge funds have recently added to or reduced their stakes in the stock. Ingalls & Snyder LLC bought a new position in SYSCO in the 4th quarter valued at approximately $279,000. Mathes Company Inc. bought a new position in SYSCO in the 4th quarter valued at approximately $237,000. BKD Wealth Advisors LLC lifted its position in SYSCO by 6.8% in the 4th quarter. BKD Wealth Advisors LLC now owns 59,051 shares of the company’s stock valued at $3,586,000 after acquiring an additional 3,781 shares in the last quarter. Fox Run Management L.L.C. bought a new position in SYSCO in the 4th quarter valued at approximately $399,000. Finally, Berkshire Asset Management LLC PA lifted its position in SYSCO by 9.9% in the 4th quarter. Berkshire Asset Management LLC PA now owns 43,573 shares of the company’s stock valued at $2,646,000 after acquiring an additional 3,932 shares in the last quarter. 80.08% of the stock is currently owned by institutional investors and hedge funds.
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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