SYSCO Co. (NYSE:SYY) Director Joshua D. Frank sold 1,013,666 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $75.09, for a total transaction of $76,116,179.94. Following the completion of the sale, the director now owns 4,005 shares in the company, valued at $300,735.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Joshua D. Frank also recently made the following trade(s):
- On Wednesday, September 5th, Joshua D. Frank sold 816,640 shares of SYSCO stock. The shares were sold at an average price of $75.00, for a total transaction of $61,248,000.00.
NYSE SYY traded down $0.46 during mid-day trading on Wednesday, reaching $74.49. 5,496,700 shares of the stock were exchanged, compared to its average volume of 2,732,184. SYSCO Co. has a 1-year low of $52.18 and a 1-year high of $75.98. The firm has a market cap of $38.83 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 2.02 and a beta of 0.54. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.21.
SYSCO (NYSE:SYY) last announced its earnings results on Monday, August 13th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.01. SYSCO had a net margin of 2.44% and a return on equity of 68.15%. The firm had revenue of $15.32 billion for the quarter, compared to analyst estimates of $15.30 billion. During the same quarter last year, the business earned $0.72 earnings per share. SYSCO’s revenue was up 6.2% compared to the same quarter last year. equities analysts predict that SYSCO Co. will post 3.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 5th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $1.44 dividend on an annualized basis and a yield of 1.93%. SYSCO’s dividend payout ratio (DPR) is currently 45.86%.
Several analysts have recently commented on the stock. Pivotal Research increased their price target on shares of SYSCO from $58.00 to $62.00 and gave the company a “sell” rating in a research report on Saturday, August 18th. Argus increased their price target on shares of SYSCO from $67.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, August 16th. Loop Capital increased their price target on shares of SYSCO to $80.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. BMO Capital Markets increased their price target on shares of SYSCO from $74.00 to $81.00 and gave the company an “outperform” rating in a research report on Tuesday, August 14th. Finally, Morgan Stanley increased their price target on shares of SYSCO from $67.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $72.42.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Chip Partners Inc. acquired a new position in shares of SYSCO in the 2nd quarter valued at $104,000. Quad Cities Investment Group LLC acquired a new position in shares of SYSCO in the 2nd quarter valued at $111,000. Flagship Harbor Advisors LLC acquired a new position in shares of SYSCO in the 2nd quarter valued at $121,000. Private Capital Group LLC boosted its holdings in shares of SYSCO by 970.2% in the 1st quarter. Private Capital Group LLC now owns 2,044 shares of the company’s stock valued at $123,000 after purchasing an additional 1,853 shares during the last quarter. Finally, Fort L.P. acquired a new position in shares of SYSCO in the 2nd quarter valued at $123,000. Hedge funds and other institutional investors own 80.19% of the company’s stock.
SYSCO Company Profile
Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg.
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