Sysco Co. (NYSE:SYY) CAO Anita A. Zielinski sold 34,737 shares of the company’s stock in a transaction that occurred on Monday, September 27th. The stock was sold at an average price of $81.83, for a total transaction of $2,842,528.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NYSE SYY traded down $0.96 on Tuesday, reaching $80.70. The company had a trading volume of 1,866,782 shares, compared to its average volume of 2,308,987. The company’s fifty day moving average is $76.56 and its 200-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 Co. has a 1-year low of $53.85 and a 1-year high of $86.73. The firm has a market capitalization of $41.33 billion, a price-to-earnings ratio of 80.85, a price-to-earnings-growth ratio of 2.44 and a beta of 1.45.
Sysco (NYSE:SYY) last posted its quarterly earnings results on Monday, August 9th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.11. Sysco had a net margin of 1.02% and a return on equity of 52.19%. The business had revenue of $16.14 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same quarter last year, the business posted ($0.29) EPS. The firm’s revenue for the quarter was up 82.0% on a year-over-year basis. On average, research analysts forecast that Sysco Co. will post 3.49 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. Wagner Wealth Management LLC purchased a new position in Sysco in the 1st quarter worth approximately $39,000. Eubel Brady & Suttman Asset Management Inc. bought a new position in Sysco in the 2nd quarter worth $39,000. Harbour Investments Inc. bought a new position in shares of Sysco in the 1st quarter worth about $40,000. Hexagon Capital Partners LLC grew its position in Sysco by 68.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 620 shares of the company’s stock valued at $48,000 after purchasing an additional 253 shares during the last quarter. Finally, Berman Capital Advisors LLC boosted its holdings in shares of Sysco by 34.2% during the 1st quarter. Berman Capital Advisors LLC now owns 686 shares of the company’s stock valued at $53,000 after acquiring an additional 175 shares during the last quarter. 79.81% of the stock is currently owned by institutional investors and hedge funds.
SYY has been the topic of a number of recent research reports. TheStreet upgraded shares of Sysco from a “c” rating to a “b-” rating in a research note on Wednesday, September 15th. UBS Group assumed coverage on Sysco in a research note on Thursday, July 29th. They issued a “buy” rating and a $89.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Sysco presently has an average rating of “Hold” and an average price target of $85.78.
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.
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