How Should Investors View Sysco Corporation (SYY) Insider Trading?

As of Wednesday close, Sysco Corporation’s (NYSE:SYY) stock was down -$1.77, moving down -2.21 percent to $78.30. The average number of shares traded per day over the past five days has been 2,513,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.84 fall in that time frame. In the last twenty days, the average volume was 2,078,250, while in the previous 50 days, it was 2,359,254.

Since last month, SYY stock rose 1.71%. Shares of the company fell to $75.76 on 05/24/22, the lowest level in the past month. A 52-week high of $91.53 was reached on 04/21/22 after having rallying from a 52-week low of $68.05. Since the beginning of this year, SYY’s stock price has dropped by -0.32% or -$0.25, and marked a new high 12 times. However, the stock has declined by -14.45% since its 52-week high.

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Sysco Corporation (SYY) last reported insider trading activity 2 days ago on Jun 21. Alt Aaron E, the EVP and CFO of the company, purchased of 1,000 shares for $80.09 on Jun 21. It resulted in a $80,090 investment by the insider. Bertrand Greg D sold 50,000 shares at an average price of $90.00 on Apr 21. The insider now owns 32,324 shares following the transaction. On Apr 08, President and CEO Hourican Kevin sold 75,018 shares at $86.00 apiece. The transaction was valued at $6,451,548.

Valuation Metrics

Right now, Sysco Corporation (SYY) has a P/E ratio of about 40.30. The stock’s beta is 1.08. Besides these, the trailing price-to-sales (P/S) ratio of 0.60, the price-to-book (PB) ratio of 30.12.

The latest dividend of $0.49 per share was paid out, which is 4.26% more than last year’s $0.47. On Thursday April 28 2022, a $0.02 dividend increase was announced.

Financial Health

In the three months ended December 30, Sysco Corporation’s quick ratio stood at 0.70, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 8.03, and the total debt-to-equity ratio was 8.41. On the profitability front, the trailing twelve-month gross margin is 17.90% percent. In the year ended December 30, EBITDA margin amounted to 4.63%, whereas operating margins totaled 3.30%. Based on annual data, SYY earned $9.36 billion in gross profit and brought in $51.3 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.90%. Return on equity (ROE) for the past 12 months was 69.30%.

In Sysco Corporation’s quarter-end financial report for December 30, it reported total debt of $10.61 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SYY’s revenue rose 30.04% to $16.32 billion during the quarter, while net income inched up to $16.9 billion. While analysts expected Sysco Corporation to report $0.71 quarterly earnings, the actual figure was $0.57 per share, beating the consensus estimate by -19.70%. During the quarter, the company generated $722.28 million in EBITDA. The liabilities of Sysco Corporation were 21.0 billion at the end of its most recent quarter ended December 30, and its total debt was $11.84 billion. The value of shareholders’ equity is $509.48 million.

Technical Picture

This quick technical analysis looks at Sysco Corporation’s (SYY) price momentum. With a historical volatility rate of 26.71%, the RSI 9-day stood at 36.39% on 22 June.

With respect to its five-day moving average, the current Sysco Corporation price is down by -2.30% percent or -$1.84. At present, SYY shares trade -0.37% below its 20-day simple moving average and +2.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.50% below its SMA50 and +1.23% above its SMA200.

Stochastic coefficient K was 15.33% and Stochastic coefficient D was 14.39%, while ATR was 2.18. Given the Stochastic reading of 6.22% for the 14-day period, the RSI (14) reading has been calculated as 39.94%. As of today, the MACD Oscillator reading stands at -1.02, while the 14-day reading stands at -2.68.

Analyst Ratings

JP Morgan upgraded its rating on Sysco Corporation (NYSE: SYY) to an Overweight in a note to investors on May 26, 2022. The analysts firm previously had a Neutral rating on the stock.Sysco Corporation (SYY) has been rated Overweight by analysts. According to 0 brokerage firms, SYY is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Sysco Corporation stock as buy, with 9 recommending it as overweight.

With a median target price of $96.50, the current consensus forecast for the stock is $84.00 – $107.00. Based on these forecasts, analysts predict Sysco Corporation (SYY) will achieve an average price target of $95.08.


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