Sysco Corporation (NYSE:SYY) Director Trian Fund Management, L.P. sold 372,314 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $53.09, for a total value of $19,766,150.26. Following the completion of the sale, the director now directly owns 5,529 shares in the company, valued at $293,534.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Sysco Corporation (NYSE SYY) opened at 53.66 on Friday. The firm has a 50-day moving average of $52.22 and a 200 day moving average of $52.56. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 25.80 and a beta of 0.52. Sysco Corporation has a one year low of $47.15 and a one year high of $57.07.

Sysco Corporation (NYSE:SYY) last issued its earnings results on Monday, August 14th. The company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The business had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.35 billion. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities research analysts predict that Sysco Corporation will post $2.76 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.32 dividend on an annualized basis and a yield of 2.46%. Sysco Corporation’s dividend payout ratio is currently 63.16%.

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Hedge funds have recently modified their holdings of the business. Citizens Financial Group Inc. RI boosted its stake in shares of Sysco Corporation by 1,233.5% during the first quarter. Citizens Financial Group Inc. RI now owns 157,557 shares of the company’s stock valued at $8,181,000 after purchasing an additional 145,742 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Sysco Corporation by 27.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,866 shares of the company’s stock valued at $1,914,000 after purchasing an additional 8,021 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Sysco Corporation by 402.9% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 103,770 shares of the company’s stock valued at $5,388,000 after purchasing an additional 83,136 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Sysco Corporation by 2.6% during the first quarter. Suntrust Banks Inc. now owns 242,423 shares of the company’s stock valued at $12,585,000 after purchasing an additional 6,218 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Sysco Corporation by 29.3% during the second quarter. Sei Investments Co. now owns 238,395 shares of the company’s stock valued at $11,998,000 after purchasing an additional 54,078 shares in the last quarter. Institutional investors and hedge funds own 79.97% of the company’s stock.

Several analysts recently issued reports on the company. BidaskClub cut Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a research note on Friday, June 23rd. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 target price on shares of Sysco Corporation in a research note on Friday, August 4th. BMO Capital Markets set a $60.00 target price on Sysco Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Pivotal Research set a $53.00 target price on Sysco Corporation and gave the stock a “hold” rating in a research note on Sunday, August 13th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.17.

Sysco Corporation 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.

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

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