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Sysco (NYSE:SYY), a prominent player in the Consumer Staples Distribution & Retail industry with a market capitalization of $39 billion and a GOOD financial health rating according to InvestingPro, saw its Executive Vice President and CHRO Ronald L Phillips sell 961 shares of company stock on September 11, 2025, at a price of $81.0, totaling $77,841.
According to a Form 4 filing with the Securities and Exchange Commission, the transactions were executed under a prearranged Rule 10b5-1 trading plan. On the same day, Phillips also exercised options to acquire 961 shares of Sysco common stock at an exercise price of $69.95, for a total value of $67221. The stock is currently trading near its 52-week high of $83.17, and InvestingPro analysis suggests the stock is fairly valued at current levels.
Additionally, 149 shares were withheld to cover tax obligations upon the vesting of restricted stock units at a price of $80.19, for a total value of $11948. Following these transactions, Phillips directly owns 41,352.397 shares of Sysco. For comprehensive insider trading analysis and 8 additional key insights about Sysco, visit InvestingPro.
In other recent news, Sysco Corporation has entered into a new credit agreement with Bank of America and other lenders, maintaining a $3 billion commitment with an option to increase it to $4 billion. This agreement, effective September 5, replaces the previous $3 billion facility and is set to mature on September 5, 2030. Moody’s Ratings has changed Sysco’s outlook to negative from stable due to weakened credit metrics, with notable changes in debt/EBITDA and EBITA/interest expense ratios. Additionally, Sysco’s Board of Directors declared a quarterly cash dividend of $0.54 per share, payable on October 24, 2025.
Guggenheim has raised its price target for Sysco to $87 from $85, maintaining a Buy rating, citing confidence in Sysco’s operational initiatives. This follows a previous increase of the price target to $85 from $82, after a strong fourth-quarter earnings performance. Despite the positive earnings, the stock underperformed due to below-consensus initial fiscal 2026 guidance. These developments reflect Sysco’s ongoing strategic efforts and financial adjustments.
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