Sysco Corporation (NYSE:SYY) has climbed 2.09% in the past week and advanced 2.57% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.32% and the outperformance has advanced to 1.64% for the last 4 weeks period.
Sysco Corporation (NYSE:SYY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.75 and $49.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.80, notching a gain of 0.08% for the day. The total traded volume was 6,269,800 . The stock had closed at $49.76 on the previous day.
The company shares have rallied 33.23% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $50.68 and the one year low was seen on Jul 7, 2015. The 50-Day Moving Average price is $48.87 and the 200 Day Moving Average price is recorded at $44.78.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Delaney William J Iii, director officer (Chief Executive Officer) of Sysco Corp, had unloaded 20,114 shares at an average price of $48.5 in a transaction dated on June 15, 2016. The total value of the transaction was worth $975,529.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Credit Suisse maintains its rating on Sysco Corporation (NYSE:SYY). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Credit Suisse raises the price target from $52 per share to $55 per share. The rating by the firm was issued on May 5, 2016. Currently the company Insiders own 7.77% of Sysco Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.31% . Institutional Investors own 78.84% of Sysco Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -13.31%.
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 425,000 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 Companys other segments include its specialty produce, custom-cut meat and lodging industry products segments.