Sysco Corporation (NYSE:SYY) saw unusually large options trading activity on Monday. Stock investors acquired 7,246 put options on the stock. This represents an increase of approximately 1,034% compared to the typical daily volume of 639 put options.

A number of equities research analysts have recently commented on SYY shares. Pivotal Research reaffirmed a “hold” rating and set a $53.00 price objective on shares of Sysco in a research note on Sunday, November 5th. Zacks Investment Research cut shares of Sysco from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sysco in a research note on Tuesday, September 12th. Finally, Loop Capital raised their price objective on shares of Sysco to $68.00 and gave the stock a “buy” rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $58.55.

In related news, CEO William J. Delaney III sold 200,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $53.76, for a total value of $10,752,000.00. Following the transaction, the chief executive officer now owns 576,725 shares in the company, valued at approximately $31,004,736. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO William J. Delaney III sold 400,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $53.91, for a total transaction of $21,564,000.00. Following the completion of the transaction, the chief executive officer now owns 576,725 shares in the company, valued at approximately $31,091,244.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,820,067 shares of company stock worth $98,262,450. 9.60% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in SYY. First Personal Financial Services lifted its position in shares of Sysco by 293.2% during the 3rd quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock valued at $106,000 after buying an additional 1,463 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of Sysco by 10.7% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock valued at $118,000 after buying an additional 225 shares in the last quarter. Acrospire Investment Management LLC lifted its position in shares of Sysco by 84.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after buying an additional 1,100 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Sysco by 13.4% during the 2nd quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after buying an additional 300 shares in the last quarter. Finally, Kistler Tiffany Companies LLC lifted its position in shares of Sysco by 0.4% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock valued at $147,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Shares of Sysco (NYSE SYY) opened at $61.62 on Thursday. Sysco has a one year low of $48.85 and a one year high of $62.79. The company has a market cap of $32,295.07, a P/E ratio of 24.31, a PEG ratio of 2.66 and a beta of 0.54. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.88 and a current ratio of 1.40.

Sysco (NYSE:SYY) last announced its earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. Sysco had a return on equity of 58.47% and a net margin of 2.12%. The firm had revenue of $14.65 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue was up 4.9% on a year-over-year basis. research analysts forecast that Sysco will post 2.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be given a dividend of $0.36 per share. This is a positive change from Sysco’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.34%. Sysco’s dividend payout ratio (DPR) is 60.00%.

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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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