Sysco Co. (NYSE:SYY)’s share price hit a new 52-week high on Tuesday . The company traded as high as $79.98 and last traded at $79.95, with a volume of 35034 shares changing hands. The stock had previously closed at $78.66.

SYY has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Sysco from $69.00 to $76.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 19th. Credit Suisse Group increased their price objective on shares of Sysco from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Consumer Edge upgraded shares of Sysco from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 4th. Barclays increased their price target on shares of Sysco from $62.00 to $65.00 in a research report on Wednesday, December 2nd. Finally, Zacks Investment Research downgraded shares of Sysco from a “hold” rating to a “sell” rating and set a $77.00 price target on the stock. in a research report on Wednesday, February 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $77.56.

The stock’s 50 day moving average price is $75.49 and its 200-day moving average price is $68.43. The company has a quick ratio of 1.30, a current ratio of 1.73 and a debt-to-equity ratio of 9.56. The stock has a market capitalization of $40.58 billion, a PE ratio of -1,123.55, a PEG ratio of 3.79 and a beta of 1.38.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Monday, February 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.17). The firm had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $12.30 billion. Sysco had a positive return on equity of 39.64% and a negative net margin of 0.04%. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. On average, analysts forecast that Sysco Co. will post 1.83 earnings per share for the current year.

In other Sysco news, Director Nelson Peltz sold 550,000 shares of Sysco stock in a transaction on Wednesday, December 2nd. The shares were sold at an average price of $72.92, for a total value of $40,106,000.00. Following the completion of the transaction, the director now directly owns 4,840 shares of the company’s stock, valued at approximately $352,932.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Greg D. Bertrand sold 36,403 shares of Sysco stock in a transaction on Monday, December 7th. The stock was sold at an average price of $76.97, for a total transaction of $2,801,938.91. Following the completion of the transaction, the executive vice president now directly owns 74,806 shares of the company’s stock, valued at $5,757,817.82. The disclosure for this sale can be found here. Insiders have sold 663,080 shares of company stock valued at $48,385,744 over the last ninety days. 5.17% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Summitry LLC boosted its position in Sysco by 1.0% in the 4th quarter. Summitry LLC now owns 50,243 shares of the company’s stock valued at $3,731,000 after buying an additional 512 shares during the period. Allen Investment Management LLC boosted its position in Sysco by 12.1% in the 4th quarter. Allen Investment Management LLC now owns 2,505,105 shares of the company’s stock valued at $186,029,000 after buying an additional 270,101 shares during the period. Meyer Handelman Co. lifted its position in shares of Sysco by 1.9% in the 4th quarter. Meyer Handelman Co. now owns 574,368 shares of the company’s stock worth $42,653,000 after purchasing an additional 10,650 shares during the period. Waycross Partners LLC purchased a new stake in shares of Sysco in the 4th quarter worth approximately $2,693,000. Finally, Kestra Advisory Services LLC lifted its position in shares of Sysco by 3.6% in the 4th quarter. Kestra Advisory Services LLC now owns 93,763 shares of the company’s stock worth $6,872,000 after purchasing an additional 3,291 shares during the period. Hedge funds and other institutional investors own 81.02% of the company’s stock.

About Sysco (NYSE:SYY)

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other.

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