Sysco Co. (NYSE:SYY) Director Sheila Talton Sells 2,900 Shares

Sysco Co. (NYSE:SYY) Director Sheila Talton sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total value of $216,427.00. Following the completion of the transaction, the director now owns 12,955 shares of the company’s stock, valued at approximately $966,831.65. This represents a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sysco Stock Performance

Shares of Sysco stock opened at $74.40 on Wednesday. The company has a market cap of $36.55 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. Sysco Co. has a 52 week low of $69.03 and a 52 week high of $82.89. The business has a 50 day moving average price of $75.79 and a 200-day moving average price of $74.75. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $20.47 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s payout ratio is currently 52.44%.

Wall Street Analysts Forecast Growth

SYY has been the subject of a number of analyst reports. Barclays raised their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Jefferies Financial Group raised their price target on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company decreased their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.77.

Institutional Investors Weigh In On Sysco

Large investors have recently added to or reduced their stakes in the business. Unigestion Holding SA purchased a new stake in Sysco during the third quarter valued at about $484,000. Rehmann Capital Advisory Group increased its holdings in shares of Sysco by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 16,123 shares of the company’s stock worth $1,265,000 after buying an additional 212 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Sysco by 301.0% in the third quarter. TD Private Client Wealth LLC now owns 7,960 shares of the company’s stock worth $621,000 after purchasing an additional 5,975 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Sysco in the third quarter worth about $1,192,000. Finally, Coldstream Capital Management Inc. grew its stake in shares of Sysco by 28.7% in the third quarter. Coldstream Capital Management Inc. now owns 10,096 shares of the company’s stock worth $785,000 after purchasing an additional 2,249 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.