Sysco Corporation (NYSE:SYY) insider Wayne Shurts sold 15,600 shares of Sysco Corporation stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $53.27, for a total transaction of $831,012.00. Following the transaction, the insider now directly owns 58,776 shares of the company’s stock, valued at $3,130,997.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, August 23rd, Wayne Shurts sold 7,800 shares of Sysco Corporation stock. The stock was sold at an average price of $51.52, for a total transaction of $401,856.00.
  • On Thursday, August 24th, Wayne Shurts sold 15,600 shares of Sysco Corporation stock. The stock was sold at an average price of $51.76, for a total transaction of $807,456.00.
  • On Wednesday, July 19th, Wayne Shurts sold 7,800 shares of Sysco Corporation stock. The stock was sold at an average price of $50.82, for a total transaction of $396,396.00.
  • On Thursday, July 20th, Wayne Shurts sold 15,600 shares of Sysco Corporation stock. The stock was sold at an average price of $50.87, for a total transaction of $793,572.00.

Shares of Sysco Corporation (SYY) traded down 1.53% during midday trading on Thursday, hitting $52.67. 3,462,786 shares of the stock were exchanged. The firm has a market capitalization of $27.80 billion, a price-to-earnings ratio of 25.32 and a beta of 0.52. The stock’s 50-day moving average price is $52.19 and its 200-day moving average price is $52.55. Sysco Corporation has a 1-year low of $47.15 and a 1-year high of $57.07.

Sysco Corporation (NYSE:SYY) last posted its quarterly earnings results on Monday, August 14th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.35 billion. Sysco Corporation had a return on equity of 53.25% and a net margin of 2.06%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 EPS. On average, analysts forecast that Sysco Corporation will post $2.76 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.32 annualized dividend and a dividend yield of 2.51%. Sysco Corporation’s payout ratio is 63.16%.

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A number of equities analysts have commented on the stock. BidaskClub cut shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco Corporation in a research report on Tuesday. Wells Fargo & Company reaffirmed a “buy” rating on shares of Sysco Corporation in a research report on Friday, June 23rd. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $57.00 price objective on shares of Sysco Corporation in a research report on Friday, June 23rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 price objective on shares of Sysco Corporation in a research report on Friday, August 4th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Sysco Corporation has an average rating of “Hold” and an average price target of $56.17.

Several hedge funds have recently bought and sold shares of the company. Kistler Tiffany Companies LLC grew its stake in shares of Sysco Corporation by 0.4% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock worth $147,000 after acquiring an additional 12 shares during the period. Buckingham Asset Management LLC grew its stake in shares of Sysco Corporation by 0.3% during the 1st quarter. Buckingham Asset Management LLC now owns 5,904 shares of the company’s stock worth $307,000 after acquiring an additional 16 shares during the period. Schnieders Capital Management LLC grew its stake in shares of Sysco Corporation by 0.4% during the 2nd quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock worth $205,000 after acquiring an additional 18 shares during the period. Blue Chip Partners Inc. grew its stake in shares of Sysco Corporation by 0.6% during the 2nd quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock worth $149,000 after acquiring an additional 18 shares during the period. Finally, Northwest Quadrant Wealth Management LLC grew its stake in shares of Sysco Corporation by 0.6% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 5,169 shares of the company’s stock worth $269,000 after acquiring an additional 29 shares during the period. Institutional investors own 79.97% of the company’s stock.

Sysco Corporation 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.

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

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