Sysco (NYSE:SYY) Director Richard G. Tilghman sold 5,000 shares of the company’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $60.62, for a total value of $303,100.00. Following the completion of the sale, the director now owns 85,864 shares of the company’s stock, valued at $5,205,075.68. The transaction was disclosed in a filing with the SEC, which is available through this link.
Sysco stock traded down $0.23 during mid-day trading on Thursday, hitting $61.62. The stock had a trading volume of 262,512 shares, compared to its average volume of 2,803,522. The company has a market capitalization of $32,619.92, a P/E ratio of 24.94, a P/E/G ratio of 2.11 and a beta of 0.55. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.85 and a current ratio of 1.38. Sysco has a one year low of $48.85 and a one year high of $64.27.
Sysco (NYSE:SYY) last issued its earnings results on Monday, February 5th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $14.15 billion. Sysco had a net margin of 2.10% and a return on equity of 61.02%. Sysco’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. analysts forecast that Sysco will post 2.93 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Garde Capital Inc. boosted its holdings in shares of Sysco by 6.8% during the 4th quarter. Garde Capital Inc. now owns 15,373 shares of the company’s stock valued at $934,000 after purchasing an additional 973 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Sysco by 6.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 65,788 shares of the company’s stock valued at $3,995,000 after acquiring an additional 4,167 shares during the last quarter. D.B. Root & Company LLC bought a new position in shares of Sysco in the 4th quarter valued at about $777,000. KCM Investment Advisors LLC lifted its holdings in shares of Sysco by 9.9% in the 4th quarter. KCM Investment Advisors LLC now owns 17,072 shares of the company’s stock valued at $1,037,000 after acquiring an additional 1,543 shares during the last quarter. Finally, Albion Financial Group UT lifted its holdings in shares of Sysco by 3.1% in the 4th quarter. Albion Financial Group UT now owns 32,570 shares of the company’s stock valued at $1,978,000 after acquiring an additional 984 shares during the last quarter. 79.02% of the stock is owned by institutional investors and hedge funds.
SYY has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $61.00 price objective on shares of Sysco in a research note on Tuesday, February 6th. Credit Suisse Group initiated coverage on Sysco in a research note on Tuesday. They issued an “outperform” rating and a $68.00 price objective for the company. Zacks Investment Research lowered Sysco from a “hold” rating to a “sell” rating in a research note on Thursday, April 12th. Citigroup upped their price objective on Sysco from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 27th. Finally, Morgan Stanley raised shares of Sysco from an “underweight” rating to an “equal weight” rating and set a $64.00 target price for the company in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Sysco presently has a consensus rating of “Hold” and a consensus target price of $65.25.
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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.
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