Sysco Corporation (NYSE:SYY) EVP Sells $3,046,086.00 in Stock

Sysco Corporation (NYSE:SYY - Get Free Report) EVP Ronald L. Phillips sold 37,606 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $81.00, for a total transaction of $3,046,086.00. Following the completion of the sale, the executive vice president owned 30,235 shares in the company, valued at $2,449,035. This represents a 55.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Sysco Trading Up 0.1%

Shares of NYSE:SYY traded up $0.06 during trading on Monday, reaching $80.36. The stock had a trading volume of 4,450,648 shares, compared to its average volume of 2,545,264. Sysco Corporation has a 52 week low of $67.12 and a 52 week high of $82.23. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.76 and a current ratio of 1.26. The firm's fifty day moving average is $75.55 and its 200 day moving average is $73.51. The stock has a market cap of $38.95 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 2.37 and a beta of 0.81.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.06). Sysco had a net margin of 2.36% and a return on equity of 107.96%. The firm had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $20.11 billion. During the same period last year, the company posted $0.96 EPS. The business's revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Sysco Corporation will post 4.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SYY shares. BMO Capital Markets lowered their target price on Sysco from $82.00 to $77.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Citigroup started coverage on Sysco in a research note on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Sysco from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Bank of America boosted their target price on shares of Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Morgan Stanley raised their price target on shares of Sysco from $72.00 to $77.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $83.85.

Institutional Investors Weigh In On Sysco

Several institutional investors and hedge funds have recently made changes to their positions in SYY. Rialto Wealth Management LLC increased its holdings in Sysco by 188.7% in the first quarter. Rialto Wealth Management LLC now owns 332 shares of the company's stock worth $25,000 after purchasing an additional 217 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Sysco during the 4th quarter worth approximately $29,000. Chung Wu Investment Group LLC bought a new stake in shares of Sysco in the 2nd quarter valued at $30,000. Golden State Wealth Management LLC lifted its position in shares of Sysco by 48.4% during the 1st quarter. Golden State Wealth Management LLC now owns 429 shares of the company's stock valued at $32,000 after acquiring an additional 140 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Sysco during the 1st quarter valued at $33,000. Institutional investors own 83.41% of the company's stock.

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.