Insider Trading Update: Sysco Corporation $SYY

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Sysco Corporation (NYSE:SYY) insiders have most recently took part in a trading activity. On Sep 19, 2017 Trian Fund Management, L.p., Director bought 889,561 shares having total worth of $47,751,634 at the price of $53.68 per share, following the transaction a total of 44,486,303 shares owned by Trian Fund Management, L.p..

On the same day, Trian Fund Management, L.p., Director bought 889,561 shares having total worth of $47,751,634 at the price of $53.68 per share, following the transaction a total of 44,486,303 shares owned by Trian Fund Management, L.p..

The stock has experienced a total of 8 insider trades in the past three months. These trades include 8 sell activities .Furthermore, over the past 12 months , the stock was traded 30 times by insiders. In 29 of these trades, the insider was a seller while an employee of the company was the buyer in 1 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 0 8 -1.13%
12 Month 1 29 18.58%

Shares of Sysco Corporation (NYSE:SYY) traded up 0.5% on Sep 18, 2017, hitting $53.93. 3,480,499 shares of the company’s stock traded hands. Sysco Corporation has a 52 week low of $44.16 and a 52 week high of $55.54. The company’s market cap is $27,330 million.

Sysco Corporation (NYSE:SYY) last announced its earnings results on Aug 14, 2017. The company reported 0.72 earnings per share (EPS) for the quarter, same as the consensus estimate of 0.72. The company had revenue of $14,421 million for the quarter, compared to the consensus estimate of $14,330 million. During the same quarter in the previous year, the company posted 0.64 earnings per share. The company’s revenue for the quarter was up 6% on a year-over-year basis.

2017-08-14 2017-05-08 2017-02-06 2016-11-07 2016-08-15 2016-05-02 2016-02-01 2015-11-02 2015-08-10 2015-05-04
earnings per share 0.72 0.51 0.58 0.63 0.64 0.46 0.48 0.52 0.52 0.40
Revenue(M) 14421 13524 13457 13969 13648 12003 12154 12563 12402 11747

Sysco Corporation was organized under the laws of Delaware. It was founded in 1969, and commenced operations as a public company in March 1970. The Company through its subsidiaries and divisions is the North American distributor of food and related products mainly to the foodservice or ‘food-away-from-home’ industry. It provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. It provides food and related products to the foodservice or ‘food-away-from-home’ industry. Under the accounting provisions related to disclosures about segments of an enterprise, it has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are reportable segments as defined by accounting standards. Broadline operating companies distribute a full line of food products and a wide variety of non-food products to their customers. SYGMA operating companies distribute a full line of food products and a wide variety of non-food products to chain restaurant customer locations. Specialty produce companies distribute fresh produce and, on a limited basis, other foodservice products. Specialty meat companies distribute custom-cut fresh steaks, other meat, seafood and poultry. The Company’s lodging industry Products Company distributes personal care guest amenities, equipment, housekeeping supplies, room accessories and textiles to the lodging industry. The Company’s customers in the foodservice industry include restaurants, hospitals, schools, hotels and industrial caterers. The products it distributes include: a full line of frozen foods, such as meats, fully prepared entrees, fruits, vegetables and desserts; a full line of canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; and fresh produce. It also supplies a wide variety of non-food items, including: paper products such as disposable napkins, plates and cups; tableware such as china and silverware; cookware such as pots, pans and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. It competes with numerous companies engaged in foodservice distribution. As a marketer and distributor of food products, it is subject to the U.S. Federal Food, Drug and Cosmetic Act and regulations promulgated by the U.S. Food and Drug Administration (FDA), as well as the Canadian Food and Drugs Act.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.