SYSCO Co. (NYSE:SYY) SVP William W. Goetz sold 11,323 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $62.00, for a total transaction of $702,026.00. Following the transaction, the senior vice president now owns 35,825 shares of the company’s stock, valued at approximately $2,221,150. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of SYSCO Co. (NYSE SYY) traded up $0.02 during trading on Thursday, hitting $62.22. 1,897,578 shares of the stock traded hands, compared to its average volume of 2,528,500. SYSCO Co. has a fifty-two week low of $48.85 and a fifty-two week high of $62.79. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.88 and a current ratio of 1.40. The firm has a market cap of $32,420.00, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.53.
SYSCO (NYSE:SYY) last issued its earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. SYSCO had a net margin of 2.12% and a return on equity of 58.47%. The business had revenue of $14.65 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. analysts expect that SYSCO Co. will post 2.81 earnings per share for the current year.
SYY has been the subject of several analyst reports. Pivotal Research boosted their price target on shares of SYSCO from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Loop Capital boosted their price target on shares of SYSCO to $68.00 and gave the stock a “buy” rating in a report on Monday, December 11th. BMO Capital Markets set a $66.00 price target on shares of SYSCO and gave the stock a “buy” rating in a report on Friday, December 8th. Zacks Investment Research upgraded shares of SYSCO from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Tuesday, October 10th. Finally, Morgan Stanley upgraded shares of SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 price target for the company in a report on Tuesday. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. SYSCO presently has a consensus rating of “Buy” and a consensus price target of $59.92.
Institutional investors have recently modified their holdings of the company. BKD Wealth Advisors LLC boosted its stake in SYSCO by 6.8% during the 4th quarter. BKD Wealth Advisors LLC now owns 59,051 shares of the company’s stock worth $3,586,000 after purchasing an additional 3,781 shares during the period. Fox Run Management L.L.C. acquired a new stake in SYSCO during the 4th quarter worth $399,000. Berkshire Asset Management LLC PA boosted its stake in SYSCO by 9.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 43,573 shares of the company’s stock worth $2,646,000 after purchasing an additional 3,932 shares during the period. CAPROCK Group Inc. acquired a new stake in SYSCO during the 4th quarter worth $611,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in SYSCO by 2.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,845,364 shares of the company’s stock worth $112,069,000 after purchasing an additional 46,009 shares during the period. Institutional investors and hedge funds own 80.08% of the company’s stock.
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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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