Investors Sell Shares of Sysco Corporation (SYY) on Strength (SYY)

Investors sold shares of Sysco Corporation (NYSE:SYY) on strength during trading on Friday. $18.77 million flowed into the stock on the tick-up and $54.48 million flowed out of the stock on the tick-down, for a money net flow of $35.71 million out of the stock. Of all equities tracked, Sysco Corporation had the 14th highest net out-flow for the day. Sysco Corporation traded up $0.41 for the day and closed at $54.89

Several analysts have recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Sysco Corporation in a report on Friday, August 4th. Pivotal Research set a $53.00 price objective on shares of Sysco Corporation and gave the company a “hold” rating in a report on Sunday, August 13th. BMO Capital Markets set a $60.00 price objective on shares of Sysco Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Sysco Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Sysco Corporation in a report on Monday, August 14th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $56.42.

The stock has a market capitalization of $28,530.00, a price-to-earnings ratio of 21.54, a PEG ratio of 2.46 and a beta of 0.53. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.40 and a quick ratio of 0.88.

Sysco Corporation (NYSE:SYY) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. Sysco Corporation had a net margin of 2.12% and a return on equity of 58.47%. The firm had revenue of $14.65 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. sell-side analysts expect that Sysco Corporation will post 2.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be issued a dividend of $0.36 per share. This is an increase from Sysco Corporation’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 2.62%. Sysco Corporation’s dividend payout ratio is 60.27%.

In other Sysco Corporation news, insider Paul T. Moskowitz sold 16,667 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $54.12, for a total transaction of $902,018.04. Following the completion of the transaction, the insider now directly owns 61,936 shares in the company, valued at $3,351,976.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $51.76, for a total transaction of $807,456.00. Following the transaction, the insider now owns 58,776 shares of the company’s stock, valued at $3,042,245.76. The disclosure for this sale can be found here. Insiders have sold 2,275,781 shares of company stock valued at $122,319,128 over the last 90 days. 9.60% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Kistler Tiffany Companies LLC raised its position in Sysco Corporation by 0.4% during the second quarter. Kistler Tiffany Companies LLC now owns 2,915 shares of the company’s stock worth $147,000 after acquiring an additional 12 shares during the period. Schnieders Capital Management LLC raised its position in shares of Sysco Corporation by 0.4% in the second quarter. Schnieders Capital Management LLC now owns 4,070 shares of the company’s stock valued at $205,000 after buying an additional 18 shares during the last quarter. Blue Chip Partners Inc. raised its position in shares of Sysco Corporation by 0.6% in the second quarter. Blue Chip Partners Inc. now owns 2,967 shares of the company’s stock valued at $149,000 after buying an additional 18 shares during the last quarter. Northwest Quadrant Wealth Management LLC raised its position in shares of Sysco Corporation by 0.6% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 5,169 shares of the company’s stock valued at $269,000 after buying an additional 29 shares during the last quarter. Finally, Keel Point LLC raised its position in shares of Sysco Corporation by 0.8% in the second quarter. Keel Point LLC now owns 5,782 shares of the company’s stock valued at $291,000 after buying an additional 47 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

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About Sysco Corporation

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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