Traders purchased shares of SYSCO Co. (NYSE:SYY) on weakness during trading hours on Thursday following insider selling activity. $34.43 million flowed into the stock on the tick-up and $11.72 million flowed out of the stock on the tick-down, for a money net flow of $22.71 million into the stock. Of all companies tracked, SYSCO had the 18th highest net in-flow for the day. SYSCO traded down ($0.13) for the day and closed at $61.22Specifically, CEO William J. Delaney III sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $54.71, for a total value of $1,641,300.00. Following the completion of the transaction, the chief executive officer now directly owns 406,725 shares in the company, valued at approximately $22,251,924.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Delaney III sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $54.05, for a total transaction of $8,107,500.00. Following the completion of the transaction, the chief executive officer now owns 526,725 shares of the company’s stock, valued at $28,469,486.25. The disclosure for this sale can be found here. Insiders sold a total of 321,172 shares of company stock valued at $18,233,905 over the last 90 days. Corporate insiders own 9.60% of the company’s stock.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a research report on Wednesday. Pivotal Research lifted their price target on shares of SYSCO from $53.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. BMO Capital Markets set a $66.00 price target on shares of SYSCO and gave the company a “buy” rating in a report on Friday, December 8th. Finally, Loop Capital lifted their price target on shares of SYSCO to $68.00 and gave the company a “buy” rating in a report on Monday, December 11th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $59.55.

The stock has a market cap of $31,900.00, a price-to-earnings ratio of 27.95, a PEG ratio of 2.64 and a beta of 0.53. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.88 and a current ratio of 1.40.

SYSCO (NYSE:SYY) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $14.65 billion for the quarter, compared to analyst estimates of $14.43 billion. SYSCO had a net margin of 2.12% and a return on equity of 58.47%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. analysts forecast that SYSCO Co. will post 2.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.35%. This is a positive change from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, January 4th. SYSCO’s payout ratio is presently 65.75%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in SYSCO by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 38,501,911 shares of the company’s stock worth $1,937,801,000 after acquiring an additional 590,968 shares during the last quarter. BlackRock Inc. grew its holdings in SYSCO by 0.3% during the 2nd quarter. BlackRock Inc. now owns 32,291,082 shares of the company’s stock worth $1,625,211,000 after acquiring an additional 83,464 shares during the last quarter. State Street Corp grew its holdings in SYSCO by 1.0% during the 2nd quarter. State Street Corp now owns 26,707,981 shares of the company’s stock worth $1,344,209,000 after acquiring an additional 272,303 shares during the last quarter. Capital World Investors grew its holdings in SYSCO by 11.7% during the 2nd quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock worth $692,893,000 after acquiring an additional 1,445,000 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in SYSCO by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 10,451,813 shares of the company’s stock worth $563,890,000 after acquiring an additional 208,815 shares during the last quarter. 80.07% of the stock is currently owned by hedge funds and other institutional investors.

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About SYSCO

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.

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