Sysco Corp (SYY) Files Form 4 Insider Selling : William J Iii Delaney Sells 20,114 Shares

Sysco Corp (SYY): William J Iii Delaney , Chief Executive Officer of Sysco Corp sold 20,114 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $51.96 per share for a total value of $1,045,123.44 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 15, 2016, Joel T. Grade (EVP and CFO) sold 16,368 shares at $52.01 per share price.On Jun 17, 2016, William J Iii Delaney (Chief Executive Officer) sold 20,114 shares at $48.50 per share price.Also, On Jun 17, 2016, William B. Day (Executive Vice President) sold 114,750 shares at $48.59 per share price.On Jun 15, 2016, Joseph A Jr Hafner (director) sold 7,000 shares at $48.59 per share price.

Shares of SYSCO Corporation (SYY) ended Monday, Jul 18, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -0.12% at $51.96 with 16,37,963 shares getting traded. Post opening the session at $52.07, the shares hit an intraday low of $51.87 and an intraday high of $52.2293 and the price vacillated in this range throughout the day. The company has a market cap of $29,280 M and the number of outstanding shares has been calculated to be 56,35,15,990 shares. The 52-week high of SYSCO Corporation is $52.31 and the 52-week low is $35.55.

SYSCO Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.SYSCO Corporation is Resumed by Deutsche Bank to Hold and the brokerage firm has set the Price Target at $52. The Rating was issued on Jul 18, 2016.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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