Sysco Co. (NYSE:SYY) EVP Greg D. Bertrand Sells 48,027 Shares of Stock

Sysco Co. (NYSE:SYY) EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares in the company, valued at approximately $4,335,408. This represents a 46.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sysco Stock Down 0.4 %

SYY stock opened at $75.43 on Friday. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89. The business’s 50-day moving average is $77.00 and its two-hundred day moving average is $75.66. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The company has a market cap of $37.05 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.10 and a beta of 1.18.

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

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s dividend payout ratio (DPR) is currently 52.44%.

Analysts Set New Price Targets

A number of research firms have recently commented on SYY. Melius Research raised Sysco to a “hold” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. increased their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Melius began coverage on Sysco in a research note on Wednesday, December 18th. They issued a “hold” rating and a $85.00 target price on the stock. Jefferies Financial Group increased their price objective on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.93.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SYY. Armstrong Advisory Group Inc. raised its stake in shares of Sysco by 1,240.0% in the third quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock worth $26,000 after buying an additional 310 shares during the period. Ashton Thomas Securities LLC bought a new stake in Sysco during the 3rd quarter valued at approximately $26,000. Valley Wealth Managers Inc. bought a new stake in Sysco during the 3rd quarter valued at approximately $31,000. Focused Wealth Management Inc bought a new stake in Sysco during the 3rd quarter valued at approximately $37,000. Finally, Fairscale Capital LLC bought a new stake in Sysco during the 2nd quarter valued at approximately $38,000. Institutional investors own 83.41% of the company’s stock.

About Sysco

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.