SYSCO Co. (NYSE:SYY) Director Hans-Joachim Koerber sold 10,000 shares of SYSCO stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $73.35, for a total value of $733,500.00. Following the sale, the director now owns 52,872 shares in the company, valued at approximately $3,878,161.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
SYY stock traded down $0.15 during trading on Friday, hitting $73.14. The company had a trading volume of 551,760 shares, compared to its average volume of 3,582,011. The firm has a market cap of $37.42 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.02 and a beta of 0.52. SYSCO Co. has a 1-year low of $59.44 and a 1-year high of $75.98. The firm has a 50-day moving average price of $71.22 and a 200-day moving average price of $69.86. The company has a quick ratio of 0.81, a current ratio of 1.33 and a debt-to-equity ratio of 3.25.
SYSCO (NYSE:SYY) last issued its quarterly earnings results on Monday, August 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.03. The firm had revenue of $15.47 billion for the quarter, compared to analysts’ expectations of $15.65 billion. SYSCO had a return on equity of 76.80% and a net margin of 2.79%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. Sell-side analysts anticipate that SYSCO Co. will post 3.82 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. Krane Funds Advisors LLC acquired a new position in SYSCO during the 2nd quarter worth approximately $25,000. Advisors Preferred LLC acquired a new position in SYSCO during the 1st quarter worth approximately $26,000. SRS Capital Advisors Inc. acquired a new position in SYSCO during the 2nd quarter worth approximately $28,000. Coastal Capital Group Inc. acquired a new position in SYSCO during the 2nd quarter worth approximately $29,000. Finally, Lenox Wealth Management Inc. increased its position in SYSCO by 163.7% during the 1st quarter. Lenox Wealth Management Inc. now owns 480 shares of the company’s stock worth $32,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors own 78.54% of the company’s stock.
A number of analysts have recently commented on SYY shares. ValuEngine upgraded SYSCO from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th. Credit Suisse Group lifted their target price on SYSCO from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Wells Fargo & Co reiterated a “buy” rating on shares of SYSCO in a research report on Monday, August 12th. Zacks Investment Research cut SYSCO from a “buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a research report on Tuesday, June 11th. Finally, Consumer Edge started coverage on SYSCO in a research report on Wednesday, July 17th. They set an “underweight” rating and a $71.75 target price on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $73.60.
SYSCO Company Profile
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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