Sysco Corp (SYY) Files Form 4 Insider Selling : Joel T. Grade Sells 16,428 Shares

Sysco Corp (SYY): Joel T. Grade , EVP and CFO of Sysco Corp sold 16,428 shares on Jun 17, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $49.96 per share for a total value of $820,742.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, William J Iii Delaney (Chief Executive Officer) sold 20,114 shares at $48.50 per share price.On Jun 17, 2016, William B. Day (Executive Vice President) sold 114,750 shares at $48.59 per share price.Also, On Jun 15, 2016, Joseph A Jr Hafner (director) sold 7,000 shares at $48.59 per share price.On Jun 15, 2016, Joel T. Grade (EVP and CFO) sold 14,777 shares at $48.72 per share price.

SYSCO Corporation: On Monday, Jun 20, 2016 heightened volatility was witnessed in SYSCO Corporation which led to swings in the share price. The shares opened for trading at $50.18 and hit $50.4 on the upside , eventually ending the session at $49.95, with a gain of 0.30% or 0.15 points. The heightened volatility saw the trading volume jump to 39,22,292 shares. The 52-week high of the share price is $50.68 and the company has a market cap of $28,148 M . The 52-week low of the share price is at $35.45.

SYSCO Corporation Money Flow Index Chart

On May 20, 2016, SYSCO Corporation announced a cash dividend of $0.3100. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 22, 2016.

Company has been under the radar of several Street Analysts.SYSCO Corporation is Initiated by BofA/Merrill to Neutral and the brokerage firm has set the Price Target at $52. The Rating was issued on Jun 20, 2016.

Sysco Corporation (Sysco) along with its subsidiaries and divisions is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425000 customers including restaurants healthcare and educational facilities lodging establishments and other foodservice customers. Sysco provides food and related products to the foodservice or food-away-from-home industry. The Company has aggregated its operating companies into a number of segments of which only Broadline and SYGMA are the main segments. Broadline operating companies distribute a line of food products and a variety of non-food products to their customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations. The Company’s other segments include its specialty produce custom-cut meat and lodging industry products segments.

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