Sysco Corp (SYY) Files Form 4 Insider Selling : William J Iii Delaney Sells 20,115 Shares

Sysco Corp (SYY): William J Iii Delaney , Chief Executive Officer of Sysco Corp sold 20,115 shares on Apr 15, 2016. The Insider selling transaction was reported by the company on Apr 19, 2016 to the Securities and Exchange Commission. The shares were sold at $46.45 per share for a total value of $934,341.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 9, 2016, William J Iii Delaney (Chief Executive Officer) sold 16,100 shares at $42.92 per share price.On Feb 3, 2016, Russell T. Libby (Executive Vice President) sold 4,000 shares at $42.00 per share price.Also, On Dec 30, 2015, Joel T. Grade (EVP and CFO) sold 43,800 shares at $41.32 per share price.

SYSCO Corporation: On Monday, Apr 18, 2016 heightened volatility was witnessed in SYSCO Corporation which led to swings in the share price. The shares opened for trading at $46.83 and hit $46.92 on the upside , eventually ending the session at $46.88, with a gain of 0.13% or 0.06 points. The heightened volatility saw the trading volume jump to 25,50,855 shares. The 52-week high of the share price is $47.24 and the company has a market cap of $26,469 M . The 52-week low of the share price is at $35.45.

SYSCO Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.SYSCO Corporation is Upgraded by Argus to Buy and the brokerage firm has set the Price Target at $50. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Feb 5, 2016.SYSCO Corporation is Downgraded by Morgan Stanley to Underweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on Feb 2, 2016.

Currently the company Insiders own 7.77% of SYSCO Corporation shares according to the proxy statements.Institutional Investors own 80.18% of SYSCO Corporation shares.

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.

Leave a Reply

SYSCO Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on SYSCO Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.