Victoria L. Gutierrez Sells 134 Shares of Sysco Corporation (NYSE:SYY) Stock

Key Points

• Victoria L. Gutierrez, Senior Vice President of Sysco Corporation, sold 134 shares at an average price of $80.65 on August 11, decreasing her ownership by 1.28%.
• Sysco's stock price rose to $80.77 after trading 2,512,032 shares, and the company reported a 2.8% increase in quarterly revenue compared to the previous year.
• Analysts give Sysco a consensus rating of "Moderate Buy" with an average price target of $85.69, reflecting a positive outlook on the company's stock performance.

Sysco Corporation (NYSE:SYY - Get Free Report) SVP Victoria L. Gutierrez sold 134 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $80.65, for a total value of $10,807.10. Following the completion of the transaction, the senior vice president directly owned 10,307 shares in the company, valued at approximately $831,259.55. This trade represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sysco Stock Performance

Shares of SYY stock traded up $0.90 on Tuesday, hitting $80.77. 2,512,032 shares of the stock were exchanged, compared to its average volume of 3,397,027. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75. The firm has a market capitalization of $39.15 billion, a PE ratio of 21.65, a P/E/G ratio of 2.47 and a beta of 0.83. Sysco Corporation has a one year low of $67.12 and a one year high of $82.23. The firm's 50 day moving average is $77.07 and its two-hundred day moving average is $73.94.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.09. The company had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS. Sell-side analysts expect that Sysco Corporation will post 4.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SYY has been the topic of several recent analyst reports. Guggenheim boosted their price target on Sysco from $85.00 to $87.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. UBS Group set a $90.00 target price on Sysco in a research report on Wednesday, July 30th. Morgan Stanley upped their target price on Sysco from $72.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their target price on Sysco from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Finally, Bank of America upped their price target on Sysco from $81.00 to $93.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.69.

Institutional Trading of Sysco

A number of institutional investors have recently added to or reduced their stakes in SYY. Vanguard Group Inc. raised its holdings in shares of Sysco by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company's stock valued at $4,748,230,000 after acquiring an additional 1,226,381 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Sysco by 1.0% in the 1st quarter. Invesco Ltd. now owns 17,070,502 shares of the company's stock valued at $1,280,970,000 after acquiring an additional 162,961 shares in the last quarter. Boston Partners raised its holdings in shares of Sysco by 24.8% in the 1st quarter. Boston Partners now owns 15,199,828 shares of the company's stock valued at $1,139,798,000 after acquiring an additional 3,015,714 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sysco by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 12,551,872 shares of the company's stock valued at $946,694,000 after acquiring an additional 183,179 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Sysco by 27.3% in the 4th quarter. Capital Research Global Investors now owns 8,991,476 shares of the company's stock valued at $687,488,000 after acquiring an additional 1,928,002 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.

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