SYSCO Co. (NYSE:SYY) Insider Paul T. Moskowitz Sells 15,333 Shares

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.



The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, July 6th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $1.44 annualized dividend and a dividend yield of 2.17%. SYSCO’s payout ratio is 58.06%.

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.

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

Receive News & Ratings for SYSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SYSCO and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply