Greg D. Bertrand Sells 48,027 Shares of Sysco Co. (NYSE:SYY) Stock

Sysco Co. (NYSE:SYY) EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the transaction, the executive vice president now directly owns 56,304 shares of the company’s stock, valued at $4,335,408. This represents a 46.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sysco Stock Performance

Shares of SYY traded down $0.28 during mid-day trading on Friday, hitting $75.43. 1,727,229 shares of the company traded hands, compared to its average volume of 1,685,464. The stock has a market cap of $37.05 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.10 and a beta of 1.18. The stock has a 50-day moving average price of $77.00 and a two-hundred day moving average price of $75.66. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26.

Sysco (NYSE:SYY) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share 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 for the quarter, compared to the consensus estimate of $20.47 billion. During the same period in the previous year, the company earned $1.07 earnings per share. Sysco’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, January 3rd. Sysco’s payout ratio is currently 52.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group increased their price objective on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Melius Research raised shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. Melius assumed coverage on shares of Sysco in a report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective on the stock. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company reduced their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.93.

Hedge Funds Weigh In On Sysco

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Koshinski Asset Management Inc. raised its position in Sysco by 3.1% in the third quarter. Koshinski Asset Management Inc. now owns 4,913 shares of the company’s stock worth $383,000 after acquiring an additional 146 shares during the period. Cable Hill Partners LLC lifted its position in Sysco by 3.9% during the third quarter. Cable Hill Partners LLC now owns 4,049 shares of the company’s stock valued at $316,000 after purchasing an additional 152 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Sysco by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 42,751 shares of the company’s stock worth $3,052,000 after buying an additional 172 shares in the last quarter. Capstone Triton Financial Group LLC raised its stake in shares of Sysco by 1.4% in the second quarter. Capstone Triton Financial Group LLC now owns 12,691 shares of the company’s stock worth $906,000 after buying an additional 175 shares during the period. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its position in shares of Sysco by 1.1% during the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 17,045 shares of the company’s stock valued at $1,217,000 after buying an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

About Sysco

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.