Sysco Corporation (NYSE:SYY) insider Paul T. Moskowitz sold 16,667 shares of Sysco Corporation stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $54.12, for a total value of $902,018.04. Following the transaction, the insider now directly owns 61,936 shares in the company, valued at approximately $3,351,976.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sysco Corporation (NYSE:SYY) opened at 53.74 on Wednesday. The company’s 50-day moving average is $52.90 and its 200 day moving average is $52.69. Sysco Corporation has a 52-week low of $47.15 and a 52-week high of $57.07. The company has a market cap of $28.37 billion, a price-to-earnings ratio of 25.84 and a beta of 0.52.

Sysco Corporation (NYSE:SYY) last released its quarterly earnings data on Monday, August 14th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Sysco Corporation had a return on equity of 53.25% and a net margin of 2.06%. The company had revenue of $14.40 billion for the quarter, compared to analysts’ expectations of $14.35 billion. During the same period last year, the firm posted $0.64 earnings per share. Sysco Corporation’s revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Sysco Corporation will post $2.76 earnings per share for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date is Thursday, October 5th. This represents a $1.32 annualized dividend and a dividend yield of 2.46%. Sysco Corporation’s payout ratio is 63.16%.

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A number of equities research analysts recently commented on SYY shares. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a research report on Monday, August 14th. Zacks Investment Research downgraded shares of Sysco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BMO Capital Markets set a $60.00 price objective on shares of Sysco Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub lowered shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $61.00 target price on shares of Sysco Corporation in a research note on Monday, June 26th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $56.17.

Institutional investors and hedge funds have recently made changes to their positions in the business. TrimTabs Asset Management LLC increased its position in Sysco Corporation by 88.7% during the first quarter. TrimTabs Asset Management LLC now owns 2,162 shares of the company’s stock valued at $112,000 after acquiring an additional 1,016 shares during the last quarter. Arcadia Investment Management Corp MI boosted its position in Sysco Corporation by 10.7% in the second quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock worth $118,000 after purchasing an additional 225 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Sysco Corporation by 84.6% in the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock worth $121,000 after purchasing an additional 1,100 shares during the last quarter. Manchester Capital Management LLC boosted its position in Sysco Corporation by 13.4% in the second quarter. Manchester Capital Management LLC now owns 2,538 shares of the company’s stock worth $128,000 after purchasing an additional 300 shares during the last quarter. Finally, Kistler Tiffany Companies LLC boosted its position in Sysco Corporation by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock worth $147,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

About Sysco Corporation

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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