SYSCO (NYSE:SYY) Reaches New 52-Week High at $81.95

Shares of SYSCO Co. (NYSE:SYY) hit a new 52-week high during trading on Wednesday . The company traded as high as $81.95 and last traded at $81.92, with a volume of 103919 shares trading hands. The stock had previously closed at $81.92.

A number of analysts have recently commented on the company. Barclays upped their price target on SYSCO from $70.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 13th. Bank of America upped their price target on SYSCO from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Loop Capital upped their price target on SYSCO to $86.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price target on SYSCO from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of SYSCO in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $76.80.

The company has a debt-to-equity ratio of 3.74, a quick ratio of 0.84 and a current ratio of 1.39. The company has a 50-day moving average of $80.11 and a 200-day moving average of $75.19. The firm has a market capitalization of $41.10 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.25 and a beta of 0.47.

SYSCO (NYSE:SYY) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.01. SYSCO had a return on equity of 79.60% and a net margin of 2.82%. The business had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.53 billion. During the same period in the previous year, the firm earned $0.91 EPS. SYSCO’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that SYSCO Co. will post 3.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from SYSCO’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 2.20%. SYSCO’s payout ratio is currently 43.94%.

In other SYSCO news, CEO Thomas Bene sold 39,384 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $78.12, for a total transaction of $3,076,678.08. Following the completion of the transaction, the chief executive officer now owns 132,929 shares of the company’s stock, valued at approximately $10,384,413.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brian R. Todd sold 14,706 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $78.99, for a total value of $1,161,626.94. Following the transaction, the senior vice president now directly owns 30,273 shares of the company’s stock, valued at approximately $2,391,264.27. The disclosure for this sale can be found here. Insiders sold a total of 201,225 shares of company stock valued at $15,952,778 over the last quarter. 5.24% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC grew its holdings in shares of SYSCO by 2.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,482 shares of the company’s stock worth $512,000 after purchasing an additional 126 shares in the last quarter. Tiemann Investment Advisors LLC boosted its stake in SYSCO by 4.1% in the third quarter. Tiemann Investment Advisors LLC now owns 3,213 shares of the company’s stock valued at $255,000 after buying an additional 126 shares in the last quarter. Segment Wealth Management LLC boosted its stake in SYSCO by 1.6% in the third quarter. Segment Wealth Management LLC now owns 8,327 shares of the company’s stock valued at $661,000 after buying an additional 133 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in SYSCO by 8.3% in the third quarter. AdvisorNet Financial Inc now owns 1,730 shares of the company’s stock valued at $137,000 after buying an additional 133 shares in the last quarter. Finally, Somerset Trust Co boosted its stake in SYSCO by 0.4% in the third quarter. Somerset Trust Co now owns 32,890 shares of the company’s stock valued at $2,612,000 after buying an additional 135 shares in the last quarter. 78.79% of the stock is owned by hedge funds and other institutional investors.

SYSCO Company Profile (NYSE:SYY)

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

Recommended Story: What is the float in trading stocks?

Receive News & Ratings for SYSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SYSCO and related companies with MarketBeat.com's FREE daily email newsletter.