SYSCO Co. (NYSE:SYY) insider Paul T. Moskowitz sold 15,333 shares of the stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $65.00, for a total transaction of $996,645.00. Following the transaction, the insider now owns 58,328 shares in the company, valued at approximately $3,791,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
SYSCO traded up $0.59, hitting $66.48, during trading on Thursday, according to Marketbeat Ratings. The company’s stock had a trading volume of 2,510,200 shares, compared to its average volume of 2,768,588. The company has a market capitalization of $34.60 billion, a PE ratio of 26.81, a PEG ratio of 2.13 and a beta of 0.57. SYSCO Co. has a one year low of $48.85 and a one year high of $66.63. The company has a current ratio of 1.44, a quick ratio of 0.90 and a debt-to-equity ratio of 3.76.
SYSCO (NYSE:SYY) last announced its quarterly earnings data on Monday, May 7th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The firm had revenue of $14.35 billion for the quarter, compared to the consensus estimate of $14.32 billion. SYSCO had a net margin of 2.23% and a return on equity of 64.33%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. equities analysts forecast that SYSCO Co. will post 2.98 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on SYY. Morgan Stanley restated a “hold” rating and set a $61.00 price objective (down previously from $64.00) on shares of SYSCO in a research report on Tuesday, May 8th. Pivotal Research set a $58.00 price objective on shares of SYSCO and gave the company a “hold” rating in a research report on Tuesday, May 8th. Citigroup increased their price objective on shares of SYSCO from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, March 27th. Zacks Investment Research downgraded shares of SYSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Credit Suisse Group began coverage on shares of SYSCO in a research report on Tuesday, April 17th. They issued an “outperform” rating and a $68.00 price target on the stock. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $65.64.
Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG raised its position in shares of SYSCO by 1.7% during the 4th quarter. Deutsche Bank AG now owns 2,691,367 shares of the company’s stock valued at $163,438,000 after purchasing an additional 45,042 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in SYSCO by 6.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 65,788 shares of the company’s stock valued at $3,995,000 after acquiring an additional 4,167 shares in the last quarter. AXA grew its stake in SYSCO by 2.2% during the fourth quarter. AXA now owns 445,779 shares of the company’s stock valued at $27,073,000 after acquiring an additional 9,700 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in SYSCO during the fourth quarter valued at $9,008,000. Finally, Garde Capital Inc. grew its stake in SYSCO by 6.8% during the fourth quarter. Garde Capital Inc. now owns 15,373 shares of the company’s stock valued at $934,000 after acquiring an additional 973 shares in the last quarter. Hedge funds and other institutional investors own 80.02% 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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