Sysco Corporation (NYSE:SYY) EVP Wayne Shurts sold 7,800 shares of Sysco Corporation stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $55.30, for a total transaction of $431,340.00. Following the transaction, the executive vice president now directly owns 58,776 shares in the company, valued at approximately $3,250,312.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wayne Shurts also recently made the following trade(s):

  • On Tuesday, June 13th, Wayne Shurts sold 15,600 shares of Sysco Corporation stock. The stock was sold at an average price of $55.32, for a total transaction of $862,992.00.
  • On Thursday, May 25th, Wayne Shurts sold 15,600 shares of Sysco Corporation stock. The stock was sold at an average price of $54.25, for a total transaction of $846,300.00.
  • On Wednesday, April 5th, Wayne Shurts sold 15,600 shares of Sysco Corporation stock. The stock was sold at an average price of $51.66, for a total transaction of $805,896.00.

Shares of Sysco Corporation (SYY) traded up 0.07% on Wednesday, reaching $55.42. 1,705,000 shares of the company’s stock were exchanged. The stock has a market cap of $29.66 billion, a P/E ratio of 29.21 and a beta of 0.53. Sysco Corporation has a 52-week low of $47.15 and a 52-week high of $57.07. The company’s 50 day moving average price is $54.47 and its 200-day moving average price is $53.64.

Sysco Corporation (NYSE:SYY) last posted its quarterly earnings results on Monday, May 8th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $13.52 billion for the quarter, compared to analysts’ expectations of $13.14 billion. Sysco Corporation had a return on equity of 47.28% and a net margin of 1.93%. During the same period in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts forecast that Sysco Corporation will post $2.47 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 7th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, July 5th. Sysco Corporation’s dividend payout ratio is currently 69.47%.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/06/14/wayne-shurts-sells-7800-shares-of-sysco-corporation-syy-stock.html.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Sysco Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 37,910,943 shares of the company’s stock worth $1,968,336,000 after buying an additional 1,064,162 shares in the last quarter. BlackRock Inc. boosted its position in shares of Sysco Corporation by 2,088.2% in the first quarter. BlackRock Inc. now owns 32,207,618 shares of the company’s stock worth $1,672,219,000 after buying an additional 30,735,711 shares in the last quarter. State Street Corp boosted its position in shares of Sysco Corporation by 0.3% in the fourth quarter. State Street Corp now owns 26,888,052 shares of the company’s stock worth $1,488,783,000 after buying an additional 70,381 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Sysco Corporation by 1.2% in the first quarter. Ameriprise Financial Inc. now owns 9,837,807 shares of the company’s stock worth $510,776,000 after buying an additional 118,939 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Sysco Corporation by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 6,688,003 shares of the company’s stock worth $347,241,000 after buying an additional 385,492 shares in the last quarter. Institutional investors own 78.91% of the company’s stock.

Several research firms recently weighed in on SYY. BMO Capital Markets raised shares of Sysco Corporation from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $56.00 to $60.00 in a research note on Thursday, May 4th. Jefferies Group LLC reissued a “hold” rating and set a $51.00 price objective (up previously from $50.00) on shares of Sysco Corporation in a research note on Monday, May 8th. Zacks Investment Research lowered shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. BidaskClub lowered shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Barclays PLC reissued an “equal weight” rating and set a $57.00 price objective (up previously from $53.00) on shares of Sysco Corporation in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $56.30.

About Sysco Corporation

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.

Receive News & Ratings for Sysco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.