SYSCO Co. (NYSE:SYY) insider Russell T. Libby sold 13,334 shares of SYSCO stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $60.69, for a total value of $809,240.46. Following the sale, the insider now directly owns 64,394 shares of the company’s stock, valued at approximately $3,908,071.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

SYSCO Co. (SYY) traded up $0.21 during midday trading on Thursday, reaching $60.84. The company’s stock had a trading volume of 3,063,430 shares, compared to its average volume of 2,782,033. SYSCO Co. has a one year low of $48.85 and a one year high of $62.79. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 3.77. The company has a market capitalization of $31,700.00, a price-to-earnings ratio of 27.78, a P/E/G ratio of 2.59 and a beta of 0.53.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be paid a $0.36 dividend. The ex-dividend date is Thursday, January 4th. This is a positive change from SYSCO’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.37%. SYSCO’s payout ratio is presently 60.27%.

Several institutional investors have recently bought and sold shares of SYY. First Personal Financial Services increased its stake in shares of SYSCO by 293.2% in the third quarter. First Personal Financial Services now owns 1,962 shares of the company’s stock worth $106,000 after purchasing an additional 1,463 shares during the period. Arcadia Investment Management Corp MI increased its stake in SYSCO by 10.7% during the second quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock valued at $118,000 after acquiring an additional 225 shares during the period. Acrospire Investment Management LLC increased its stake in SYSCO by 84.6% during the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $121,000 after acquiring an additional 1,100 shares during the period. Manchester Capital Management LLC increased its stake in SYSCO by 13.4% during the second quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock valued at $128,000 after acquiring an additional 300 shares during the period. Finally, Blue Chip Partners Inc. increased its stake in SYSCO by 0.6% during the second quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock valued at $149,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 80.07% of the company’s stock.

SYY has been the subject of a number of research reports. BMO Capital Markets reissued an “outperform” rating on shares of SYSCO in a research report on Tuesday, September 12th. Zacks Investment Research raised SYSCO from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, October 10th. Pivotal Research reissued a “hold” rating and set a $53.00 price objective on shares of SYSCO in a research report on Sunday, November 5th. Finally, Loop Capital raised their target price on SYSCO to $68.00 and gave the company a “buy” rating in a report on Monday, December 11th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. SYSCO has an average rating of “Buy” and a consensus target price of $58.55.

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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.

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

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