Sysco Co. (NYSE:SYY) Director Joshua D. Frank offered 76,677 shares of the stock in a transaction on Friday, November 27th. The stock was offered at a mean price of $71.44, for a complete value of $5,477,804.88. Following the transaction, the director now owns 4,840 shares of the corporate’s stock, valued at $345,769.60. The transaction was disclosed in a submitting with the SEC, which is accessible on the SEC web site.
Shares of SYY traded down $0.44 throughout noon buying and selling on Friday, hitting $71.24. The corporate had a buying and selling quantity of 860,840 shares, in comparison with its common quantity of 4,165,492. The corporate’s 50-day easy transferring common is $65.77 and its 200-day easy transferring common is $59.33. The corporate has a debt-to-equity ratio of 11.14, a fast ratio of 1.38 and a present ratio of 1.84. The agency has a market capitalization of $36.29 billion, a P/E ratio of 187.48, a P/E/G ratio of three.25 and a beta of 1.20. Sysco Co. has a 1 12 months low of $26.00 and a 1 12 months excessive of $85.98.
Sysco (NYSE:SYY) final introduced its quarterly earnings information on Sunday, November eighth. The corporate reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.09. The enterprise had income of $11.78 billion through the quarter, in comparison with analysts’ expectations of $12.06 billion. Sysco had a return on fairness of 50.53% and a internet margin of 0.41%. The enterprise’s quarterly income was down 23.0% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the enterprise posted $0.98 EPS. Equities analysts predict that Sysco Co. will publish 1.eight earnings per share for the present fiscal 12 months.
The agency additionally lately introduced a quarterly dividend, which will probably be paid on Friday, January 29th. Stockholders of document on Friday, January eighth will probably be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of two.53%. The ex-dividend date is Thursday, January seventh. Sysco’s dividend payout ratio (DPR) is presently 89.55%.
Plenty of analysis companies have lately weighed in on SYY. JPMorgan Chase & Co. elevated their price goal on Sysco from $64.00 to $70.00 and gave the stock an “chubby” score in a report on Tuesday, October 20th. Piper Sandler restated an “chubby” score and set a $75.00 goal price (up from $64.00) on shares of Sysco in a report on Wednesday, November 11th. ValuEngine upgraded Sysco from a “maintain” score to a “purchase” score in a report on Friday, October 23rd. Edward Jones upgraded Sysco from a “maintain” score to a “purchase” score in a report on Thursday, September 10th. Lastly, BMO Capital Markets upgraded Sysco from a “market carry out” score to an “outperform” score and raised their goal price for the corporate from $60.00 to $88.00 in a report on Tuesday, November 10th. 5 funding analysts have rated the stock with a maintain score and 9 have given a purchase score to the corporate. The stock has a mean score of “Purchase” and a consensus price goal of $76.22.
A number of hedge funds and different institutional traders have lately modified their holdings of SYY. FMR LLC raised its place in shares of Sysco by 352.9% through the 2nd quarter. FMR LLC now owns 15,142,115 shares of the corporate’s stock worth $827,669,000 after buying a further 11,798,873 shares within the final quarter. JPMorgan Chase & Co. elevated its place in Sysco by 135.3% through the third quarter. JPMorgan Chase & Co. now owns 10,529,855 shares of the corporate’s stock worth $644,112,000 after shopping for a further 6,054,679 shares through the interval. Ceredex Worth Advisors LLC acquired a brand new place in Sysco through the third quarter worth roughly $144,093,000. BlackRock Inc. elevated its place in Sysco by 4.6% through the third quarter. BlackRock Inc. now owns 33,096,837 shares of the corporate’s stock worth $2,059,286,000 after shopping for a further 1,460,647 shares through the interval. Lastly, Coho Companions Ltd. elevated its place in Sysco by 46.1% through the third quarter. Coho Companions Ltd. now owns 2,904,871 shares of the corporate’s stock worth $180,741,000 after shopping for a further 916,775 shares through the interval. 79.58% of the stock is at the moment owned by institutional traders and hedge funds.
About Sysco
Sysco Company, via its subsidiaries, markets and distributes a variety of meals and associated merchandise primarily to the foodservice or food-away-from-home {industry} in the US, Canada, the UK, France, and internationally. It operates via three segments: U.S. Foodservice Operations, Worldwide Foodservice Operations, SYGMA, and Different.
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