Sysco Co. (NYSE:SYY) CAO Anita A. Zielinski sold 34,737 shares of the stock in a transaction that occurred on Monday, September 27th. The shares were sold at an average price of $81.83, for a total transaction of $2,842,528.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Sysco stock traded down $0.96 on Tuesday, reaching $80.70. 1,866,782 shares of the company were exchanged, compared to its average volume of 2,308,987. Sysco Co. has a 1-year low of $53.85 and a 1-year high of $86.73. The firm has a market cap of $41.33 billion, a price-to-earnings ratio of 80.85, a P/E/G ratio of 2.44 and a beta of 1.45. The company’s 50-day moving average is $76.56 and its two-hundred day moving average is $78.59. The company has a debt-to-equity ratio of 6.82, a quick ratio of 0.96 and a current ratio of 1.47.
Sysco (NYSE:SYY) last posted its quarterly earnings data on Monday, August 9th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The business had revenue of $16.14 billion for the quarter, compared to analyst estimates of $14.65 billion. Sysco had a return on equity of 52.19% and a net margin of 1.02%. The firm’s revenue for the quarter was up 82.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.29) earnings per share. As a group, sell-side analysts forecast that Sysco Co. will post 3.49 earnings per share for the current year.
SYY has been the topic of several research analyst reports. TheStreet raised shares of Sysco from a “c” rating to a “b-” rating in a report on Wednesday, September 15th. UBS Group began coverage on shares of Sysco in a research note on Thursday, July 29th. They set a “buy” rating and a $89.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $85.78.
A number of large investors have recently modified their holdings of SYY. Wagner Wealth Management LLC purchased a new position in shares of Sysco during the 1st quarter worth $39,000. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in Sysco in the second quarter valued at approximately $39,000. Harbour Investments Inc. acquired a new position in shares of Sysco during the 1st quarter worth approximately $40,000. Hexagon Capital Partners LLC grew its holdings in Sysco by 68.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 620 shares of the company’s stock valued at $48,000 after buying an additional 253 shares in the last quarter. Finally, Berman Capital Advisors LLC raised its position in Sysco by 34.2% in the 1st quarter. Berman Capital Advisors LLC now owns 686 shares of the company’s stock valued at $53,000 after purchasing an additional 175 shares in the last quarter. 79.81% of the stock is owned by institutional investors.
Sysco Company Profile
Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The U.S. Foodservice Operations consists of U.S.
Read More: What is the S&P/ASX 200 Index?
Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter.