Insider Selling: SYSCO Co. (SYY) Director Sells 1,013,666 Shares of Stock

SYSCO Co. (NYSE:SYY) Director Joshua D. Frank sold 1,013,666 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $75.09, for a total value of $76,116,179.94. Following the completion of the sale, the director now owns 4,005 shares of the company’s stock, valued at $300,735.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Joshua D. Frank also recently made the following trade(s):

  • On Wednesday, September 5th, Joshua D. Frank sold 816,640 shares of SYSCO stock. The shares were sold at an average price of $75.00, for a total value of $61,248,000.00.

SYSCO stock traded down $0.11 during midday trading on Friday, hitting $72.03. 2,409,866 shares of the company were exchanged, compared to its average volume of 2,702,184. The firm has a market cap of $38.07 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. SYSCO Co. has a fifty-two week low of $52.30 and a fifty-two week high of $75.98. The company has a quick ratio of 0.74, a current ratio of 1.21 and a debt-to-equity ratio of 3.01.

SYSCO (NYSE:SYY) last posted its earnings results on Monday, August 13th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. The firm had revenue of $15.32 billion for the quarter, compared to analyst estimates of $15.30 billion. SYSCO had a return on equity of 68.15% and a net margin of 2.44%. SYSCO’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. Equities analysts expect that SYSCO Co. will post 3.49 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 5th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, October 4th. SYSCO’s dividend payout ratio (DPR) is 45.86%.

SYY has been the topic of a number of research reports. Argus increased their price objective on SYSCO from $67.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Jefferies Financial Group set a $68.00 price objective on SYSCO and gave the company a “hold” rating in a report on Monday, August 13th. ValuEngine lowered SYSCO from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research lowered SYSCO from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. Finally, Wells Fargo & Co increased their price objective on SYSCO from $71.00 to $80.00 and gave the company a “$70.32” rating in a report on Wednesday, July 18th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $72.42.

A number of institutional investors have recently bought and sold shares of the stock. Blue Chip Partners Inc. acquired a new stake in SYSCO in the second quarter valued at approximately $104,000. Quad Cities Investment Group LLC acquired a new stake in SYSCO in the second quarter valued at approximately $111,000. Flagship Harbor Advisors LLC acquired a new stake in SYSCO in the second quarter valued at approximately $121,000. Fort L.P. acquired a new stake in SYSCO in the second quarter valued at approximately $123,000. Finally, Private Capital Group LLC grew its holdings in SYSCO by 970.2% in the first quarter. Private Capital Group LLC now owns 2,044 shares of the company’s stock valued at $123,000 after purchasing an additional 1,853 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

About SYSCO

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. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Insider Buying and Selling by Quarter for SYSCO (NYSE:SYY)

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