SYSCO Co. (NYSE:SYY) Director Daniel J. Brutto bought 2,500 shares of the stock in a transaction dated Friday, March 31st. The shares were acquired at an average price of $51.94 per share, for a total transaction of $129,850.00. Following the completion of the transaction, the director now owns 3,968 shares of the company’s stock, valued at approximately $206,097.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
SYSCO Co. (NYSE:SYY) traded down 0.21% on Friday, hitting $52.34. The stock had a trading volume of 1,054,232 shares. The stock has a 50-day moving average of $52.15 and a 200-day moving average of $52.42. SYSCO Co. has a one year low of $45.19 and a one year high of $57.07. The company has a market cap of $28.27 billion, a PE ratio of 28.54 and a beta of 0.52.
SYSCO (NYSE:SYY) last issued its quarterly earnings results on Monday, February 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.53 billion. SYSCO had a return on equity of 40.85% and a net margin of 1.94%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. Equities analysts expect that SYSCO Co. will post $2.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 7th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.52%. SYSCO’s dividend payout ratio (DPR) is 71.74%.
SYY has been the subject of several recent research reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $55.00 price target (up from $54.00) on shares of SYSCO in a report on Wednesday, February 8th. Credit Suisse Group AG raised SYSCO from a “neutral” rating to an “outperform” rating and set a $59.00 price target for the company in a report on Monday, February 6th. BMO Capital Markets set a $56.00 price target on SYSCO and gave the stock a “hold” rating in a report on Tuesday, February 7th. Royal Bank of Canada initiated coverage on SYSCO in a report on Wednesday, January 25th. They set a “sector perform” rating and a $47.00 price target for the company. Finally, Zacks Investment Research downgraded SYSCO from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $54.88.
Several hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust raised its stake in shares of SYSCO by 0.6% in the third quarter. Parkside Financial Bank & Trust now owns 2,324 shares of the company’s stock worth $114,000 after buying an additional 13 shares during the period. Johnson Financial Group Inc. raised its stake in shares of SYSCO by 49.5% in the fourth quarter. Johnson Financial Group Inc. now owns 2,100 shares of the company’s stock worth $116,000 after buying an additional 695 shares during the period. Howe & Rusling Inc. increased its stake in SYSCO by 81.1% in the first quarter. Howe & Rusling Inc. now owns 2,595 shares of the company’s stock worth $135,000 after buying an additional 1,162 shares in the last quarter. Crow Point Partners LLC bought a new stake in SYSCO during the third quarter worth about $137,000. Finally, Kistler Tiffany Companies LLC increased its stake in SYSCO by 0.4% in the third quarter. Kistler Tiffany Companies LLC now owns 2,878 shares of the company’s stock worth $141,000 after buying an additional 12 shares in the last quarter. Institutional investors own 77.50% of the company’s stock.
SYSCO 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.
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