SYSCO Co. (NYSE:SYY) Director Hans-Joachim Koerber Sells 10,000 Shares of Stock

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.



The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 4th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, October 3rd. SYSCO’s dividend payout ratio (DPR) is presently 43.94%.

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

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