A Director at Sysco Corp (NYSE: SYY) is Selling Shares

By Carrie Williams

Today, a Director at Sysco Corp (NYSE: SYY), Nelson Peltz, sold shares of SYY for $150.7M.

Following Nelson Peltz’s last SYY Sell transaction on March 20, 2018, the stock climbed by 5.8%. In addition to Nelson Peltz, one other SYY executive reported Sell trades in the last month.

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Based on Sysco Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $14.35 billion and quarterly net profit of $330 million. In comparison, last year the company earned revenue of $13.52 billion and had a net profit of $238 million. SYY’s market cap is $34.31B and the company has a P/E ratio of 27.12. Currently, Sysco Corp has an average volume of 2.51M.

Four different firms, including Barclays and Goldman Sachs, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $63.00, reflecting a 5.5% upside.

The insider sentiment on Sysco Corp has been positive according to 167 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Nelson Peltz’s trades have generated a 14.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other.