Investors sold shares of Sysco Corp. (NYSE:SYY) on strength during trading on Tuesday after an insider sold shares in the company. $24.66 million flowed into the stock on the tick-up and $56.74 million flowed out of the stock on the tick-down, for a money net flow of $32.08 million out of the stock. Of all stocks tracked, Sysco Corp. had the 16th highest net out-flow for the day. Sysco Corp. traded up $0.37 for the day and closed at $54.10Specifically, SVP Greg D. Bertrand sold 7,382 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $53.50, for a total value of $394,937.00. Following the completion of the sale, the senior vice president now owns 38,272 shares of the company’s stock, valued at approximately $2,047,552. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Delaney III sold 20,114 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $49.51, for a total transaction of $995,844.14. Following the completion of the sale, the chief executive officer now directly owns 422,507 shares of the company’s stock, valued at approximately $20,918,321.57. The disclosure for this sale can be found here. 8.81% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on SYY shares. Vetr cut shares of Sysco Corp. from a “hold” rating to a “sell” rating and set a $50.83 price target for the company. in a research report on Thursday, August 18th. Credit Suisse Group AG cut shares of Sysco Corp. from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $59.00 to $55.00 in a research report on Wednesday, November 16th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $57.00 price target (up previously from $55.00) on shares of Sysco Corp. in a research report on Tuesday, August 16th. Bank of America Corp. raised shares of Sysco Corp. from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Tuesday, November 8th. Finally, BMO Capital Markets set a $56.00 price target on shares of Sysco Corp. and gave the company a “hold” rating in a research report on Wednesday, November 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Sysco Corp. currently has an average rating of “Hold” and a consensus target price of $52.63.

The firm has a market capitalization of $29.59 billion, a P/E ratio of 29.92 and a beta of 0.49. The stock has a 50-day moving average of $49.67 and a 200 day moving average of $50.34.

Sysco Corp. (NYSE:SYY) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09. Sysco Corp. had a net margin of 1.99% and a return on equity of 35.49%. The company had revenue of $14 billion for the quarter, compared to analysts’ expectations of $13.88 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. Sysco Corp.’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts anticipate that Sysco Corp. will post $2.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, January 6th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.44%. This is a positive change from Sysco Corp.’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, January 4th. Sysco Corp.’s payout ratio is presently 68.13%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fayez Sarofim & Co. raised its position in Sysco Corp. by 4.2% in the third quarter. Fayez Sarofim & Co. now owns 43,025 shares of the company’s stock valued at $2,109,000 after buying an additional 1,725 shares during the last quarter. ETRADE Capital Management LLC purchased a new position in Sysco Corp. during the third quarter valued at approximately $346,000. D.A. Davidson & CO. raised its position in Sysco Corp. by 92.8% in the third quarter. D.A. Davidson & CO. now owns 96,702 shares of the company’s stock valued at $4,737,000 after buying an additional 46,552 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Sysco Corp. during the third quarter valued at approximately $7,759,000. Finally, Garde Capital Inc. purchased a new position in Sysco Corp. during the third quarter valued at approximately $561,000. 76.18% of the stock is owned by institutional investors.

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Sysco Corp. Company Profile

Sysco Corporation (Sysco) along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.

5 Day Chart for NYSE:SYY

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