Sysco Co. (NYSE:SYY - Get Free Report) SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the sale, the senior vice president now directly owns 48,451 shares in the company, valued at approximately $3,638,670.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Sysco Trading Up 0.5 %
Sysco stock traded up $0.34 during trading on Monday, hitting $75.37. The company had a trading volume of 3,185,295 shares, compared to its average volume of 3,170,786. The stock has a market cap of $37.02 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. The company has a current ratio of 1.26, a quick ratio of 0.69 and a debt-to-equity ratio of 5.38. Sysco Co. has a 1-year low of $66.27 and a 1-year high of $82.89. The company's 50 day simple moving average is $76.19 and its 200-day simple moving average is $74.73.
Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm had revenue of $20.48 billion during the quarter, compared to analysts' expectations of $20.47 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. Sysco's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts expect that Sysco Co. will post 4.58 EPS for the current fiscal year.
Sysco Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 4th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, October 4th. Sysco's dividend payout ratio (DPR) is currently 52.44%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on SYY shares. Bank of America lowered their price target on shares of Sysco from $91.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, July 18th. Jefferies Financial Group upped their price target on Sysco from $91.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price objective on Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Barclays upped their target price on Sysco from $85.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, Morgan Stanley cut their price objective on shares of Sysco from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.77.
Read Our Latest Stock Report on Sysco
Institutional Investors Weigh In On Sysco
A number of hedge funds have recently added to or reduced their stakes in the business. Capital World Investors grew its stake in Sysco by 17.5% during the 1st quarter. Capital World Investors now owns 10,984,950 shares of the company's stock worth $891,758,000 after purchasing an additional 1,637,232 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Sysco by 26.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,623,178 shares of the company's stock worth $615,076,000 after acquiring an additional 1,782,180 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Sysco by 11.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company's stock valued at $521,874,000 after purchasing an additional 672,940 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Sysco by 112.8% in the 1st quarter. Capital Research Global Investors now owns 6,612,092 shares of the company's stock valued at $536,770,000 after purchasing an additional 3,504,740 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Sysco by 103.0% during the 2nd quarter. ProShare Advisors LLC now owns 4,746,176 shares of the company's stock worth $338,830,000 after purchasing an additional 2,408,226 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.
Sysco Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sysco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sysco wasn't on the list.
While Sysco currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.