Eve M. Mcfadden Sells 4,036 Shares of Sysco Co. (NYSE:SYY) Stock

Sysco Co. (NYSE:SYY) SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the sale, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sysco Trading Up 1.3 %

Sysco stock opened at $76.35 on Wednesday. Sysco Co. has a 12-month low of $66.27 and a 12-month high of $82.89. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73. The stock has a market capitalization of $37.51 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The firm has a 50 day simple moving average of $76.16 and a 200-day simple moving average of $74.72.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The firm had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. As a group, equities research analysts expect that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 4th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.04 annualized dividend and a dividend yield of 2.67%. Sysco’s dividend payout ratio is currently 52.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Bank of America dropped their target price on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Morgan Stanley reduced their price target on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. increased their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company reduced their target price on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.77.

Institutional Trading of Sysco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norden Group LLC bought a new stake in shares of Sysco during the 1st quarter worth $434,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Sysco by 9.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,414 shares of the company’s stock valued at $8,138,000 after purchasing an additional 9,264 shares during the period. Graypoint LLC purchased a new position in Sysco in the 1st quarter worth about $272,000. Daiwa Securities Group Inc. raised its holdings in Sysco by 8.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 49,658 shares of the company’s stock worth $4,031,000 after buying an additional 3,875 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its stake in Sysco by 152.0% during the first quarter. FinTrust Capital Advisors LLC now owns 746 shares of the company’s stock valued at $61,000 after buying an additional 450 shares in the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Sysco Company Profile

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.