Sysco Corporation (NYSE:SYY) CEO William J. Delaney III sold 118,200 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $54.06, for a total transaction of $6,389,892.00. Following the sale, the chief executive officer now directly owns 494,925 shares in the company, valued at approximately $26,755,645.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sysco Corporation (SYY) opened at 53.95 on Friday. The firm has a market capitalization of $28.48 billion, a P/E ratio of 25.94 and a beta of 0.52. The firm’s 50-day moving average is $52.31 and its 200-day moving average is $52.57. Sysco Corporation has a 52-week low of $47.15 and a 52-week high of $57.07.

Sysco Corporation (NYSE:SYY) last released its quarterly earnings results on Monday, August 14th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The company had revenue of $14.40 billion for the quarter, compared to analysts’ expectations of $14.35 billion. Sysco Corporation had a return on equity of 53.25% and a net margin of 2.06%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. On average, equities analysts expect that Sysco Corporation will post $2.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, October 5th. Sysco Corporation’s dividend payout ratio (DPR) is currently 63.16%.

TRADEMARK VIOLATION WARNING: This report was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/10/01/sysco-corporation-syy-ceo-sells-6389892-00-in-stock.html.

A number of equities research analysts have commented on SYY shares. Jefferies Group LLC reissued a “hold” rating and set a $51.00 price objective on shares of Sysco Corporation in a report on Friday, August 4th. J P Morgan Chase & Co reissued an “overweight” rating and set a $57.00 price objective on shares of Sysco Corporation in a report on Friday, June 23rd. BMO Capital Markets reissued a “buy” rating and set a $60.00 price objective on shares of Sysco Corporation in a report on Tuesday, June 27th. Royal Bank Of Canada set a $50.00 price objective on shares of Sysco Corporation and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, Pivotal Research set a $53.00 price objective on shares of Sysco Corporation and gave the stock a “hold” rating in a report on Sunday, August 13th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $56.17.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Sysco Corporation by 1.6% during the second quarter. Vanguard Group Inc. now owns 38,501,911 shares of the company’s stock worth $1,937,801,000 after purchasing an additional 590,968 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Sysco Corporation by 0.3% during the second quarter. BlackRock Inc. now owns 32,291,082 shares of the company’s stock worth $1,625,211,000 after purchasing an additional 83,464 shares during the last quarter. State Street Corp grew its holdings in shares of Sysco Corporation by 1.0% during the second quarter. State Street Corp now owns 26,707,981 shares of the company’s stock worth $1,344,209,000 after purchasing an additional 272,303 shares during the last quarter. Capital World Investors grew its holdings in shares of Sysco Corporation by 11.7% during the second quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock worth $692,893,000 after purchasing an additional 1,445,000 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Sysco Corporation by 4.1% during the second quarter. Ameriprise Financial Inc. now owns 10,242,998 shares of the company’s stock worth $515,484,000 after purchasing an additional 405,191 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

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)

Receive News & Stock Ratings for Sysco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco Corporation and related stocks with our FREE daily email newsletter.