Traders Secrets on GGP Inc. (GGP), Sysco Corporation (SYY)

Shares of Sysco Corporation (NYSE:SYY) traded up 0.14% during mid-day trading on Monday, hitting $51.90.

SYSCO Corporation (NYSE:SYY)'s average revenue estimates for the current quarter are $13.19B according to 12 number of analysts. The firm has a market capitalization of $27.99 billion, a price-to-earnings ratio of 28.26 and a beta of 0.52.

The earnings of The Kroger Co. Parkside Financial Bank & Trust boosted its position in shares of Sysco Corporation by 0.6% in the third quarter. Parnassus Investments CA now owns 9,487,424 shares of the company's stock worth $464,979,000 after buying an additional 618,094 shares during the last quarter. (The) raised shares of Sysco Corporation from a sell rating to a neutral rating and set a $53.00 price objective on the stock in a report on Friday, December 9th. The company reported its last quarter on Dec 16. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Parkside Financial Bank & Trust increased its stake in Sysco Corporation by 0.6% in the third quarter. The stock has a 50-day moving average of $54.50 and a 200 day moving average of $52.05.

Sysco also attributed significant improvements in cash flow to higher earnings, improved working capital, and payments made in the prior year related to a proposed merger with US Foods; though higher year-over-year cash taxes somewhat offset these benefits. Finally, Pivotal Research boosted their target price on shares of Sysco Corporation from $45.00 to $53.00 and gave the company a hold rating in a research report on Tuesday, November 8th. Following the completion of the transaction, the insider now directly owns 80,017 shares of the company's stock, valued at approximately $4,393,733.47. Kistler Tiffany Companies LLC now owns 2,878 shares of the company's stock worth $141,000 after buying an additional 12 shares during the last quarter. The Kroger Co. has 9 buy ratings, 9 holds and 1 sells even after the stock tumbled -18.89% from its high of $40.91 to a $30.88 billion market value through Feb 8, 2017. Tuttle Tactical Management LLC bought a new position in Sysco Corporation during the second quarter worth $126,000. State of Tennessee Treasury Department boosted its stake in Sysco Corporation by 302.1% in the third quarter. The share price is now 1.73 percent versus its SMA20, 5.22 percent versus its SMA50, and 13.6 percent versus its SMA200. Sysco Corporation has a one year low of $42.05 and a one year high of $57.07. Investors of record on Friday, January 6th were paid a dividend of $0.33 per share. The analyst recommendations from a month ago are 0 Buy, 4 Strong Buy, 0 Sell, 1 Hold and 5. The ex-dividend date of this dividend was Wednesday, January 4th. This represents a $1.32 annualized dividend and a dividend yield of 2.53%. This is a positive change from Sysco Corporation's previous quarterly dividend of $0.31. Sysco Corporation's payout ratio is now 72.53%.

In other news, insider Russell T. Libby sold 22,217 shares of the firm's stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $53.01, for a total transaction of $3,823,823.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Greg D. Bertrand sold 7,382 shares of the business's stock in a transaction that occurred on Tuesday, November 15th. Institutional investors and hedge funds own 77.36% of the company's stock. The disclosure for this sale can be found here. Johnson Financial Group Inc. now owns 2,100 shares of the company's stock valued at $116,000 after buying an additional 695 shares during the period.

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