Make Sure You Stick With Sysco Corp. (SYY). It’s Bull Time Again

After Hours

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Stocks Info

Sysco Corp. is listed on the NYSE in the Consumer Defensive sector while operating in the Food Distribution industry. The current market capitalization of Sysco Corp. is $38.20B. A total of 2.53 million shares were traded on the day, compared to an average of 2.94M shares.

In the most recent transaction, Jasper James Chris sold 4,000 shares of SYY for 80.41 per share on Mar 14 ’24. After the transaction, the SVP now owns 18,531 company shares. In a previous transaction on Mar 06 ’24, Russell Neil sold 1,722 shares at 80.00 per share. SYY shares that SVP, Corp. Affairs and CAO owns now total 24,082.

Among the insiders who sold shares, Talton Sheila disposed of 2,200 shares on Nov 22 ’23 at a per-share price of $71.76. This resulted in the Director holding 12,782 shares of SYY after the transaction. In another insider transaction, Russell Neil sold 219 shares at $69.88 per share on Sep 01 ’23. Company shares held by the SVP, Corp. Affairs and CAO now total 25,154.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Sysco Corp. pays an annual dividend of $2.00, resulting in a dividend yield of 2.61%, and it has a price to earnings (P/E) ratio of 18.72. SYY’s most recent ex-dividend date was 4/4/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 4/26/2024. Previously, the company paid the dividend on 1/26/2024 with an ex-dividend date of 1/4/2024. The SYY stock dividend was $0.50 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, SYY has a high of $82.89 and a low of $62.24.

As of this writing, SYY has an earnings estimate of $SFY per share for the current quarter. EPS was calculated based on a consensus of SPDR S&P 500 estimates, with a high estimate of $Sysco Corporation per share and a lower estimate of $Stryker Corporation.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SYY’s latest balance sheet shows that the firm has $867.09M in Cash & Short Term Investments as of fiscal 2022. There were $11.39B in debt and $8.75B in liabilities at the time. Its Book Value Per Share was $4.77, while its Total Shareholder’s Equity was $1.41B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SYY is Buy with a score of 4.43.

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