Shares of Sysco Corporation (NYSE:SYY) Sees Large Inflow of Net Money Flow

Sysco Corporation (NYSE:SYY) dropped slightly amid mild profit booking and the last known price was $48.56 per share. The price decreased by -0.22 points or -0.45% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $1.34 million. The total upticks were valued at $4.22 million and the total downticks aggregated to $2.88 million, thereby putting the up/down ratio at 1.46,. The shares have seen a change in the share price of -0.7% on a weekly basis.In a big block trade which occurred today, the total uptick value was $1.45 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $1.45 million.


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%. On the companys insider trading activities,The officer (Executive Vice President) of Sysco Corp, Libby Russell T. sold 38,538 shares at $48.94 on June 6, 2016. The Insider selling transaction had a total value worth of $1,886,050. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Sysco Corporation (NYSE:SYY) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.35 points or 0.72% at $48.43 with 3,221,771 shares getting traded. Post opening the session at $48.8, the shares hit an intraday low of $48.34 and an intraday high of $49.01 and the price was in this range throughout the day. The company has a market cap of $27,291 million and the number of outstanding shares have been calculated to be 563,515,990 shares. The 52-week high of Sysco Corporation (NYSE:SYY) is $50.68 and the 52-week low is $35.45.

Many analysts have stated their opinion on the company shares. Credit Suisse maintains its view on Sysco Corporation (NYSE:SYY) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Credit Suisse raises the price target from $52 per share to $55 per share on Sysco Corporation. The rating by the firm was issued on May 5, 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 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.