Significant Insider Buying of Sysco (SYY) Shares Reverses the Selling Trend of Last Quarter

Tuesday, September 19, 2017 10:15 PM ET

Significant Insider Buying of Sysco (SYY) Shares Reverses the Selling Trend of Last Quarter

There were significant insider purchases of Sysco shares today, as shown in filings with the SEC as two insiders — Joshua D Frank, Director, and Nelson Peltz, Director — acquired 1,779,122 shares in the company having a net market value of approximately $95,505,883. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 744,628 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 1,034,494 shares and have averaged 630,938 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Sysco is higher than its 20-company peer group average. The Food Retail & Distribution peer group saw 15 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by Sysco insiders is lower than its peers. Within the peer group there were 61,625 shares purchased and 10,861,203 shares sold with company insiders having sold 719,972 shares on average over this time period.

The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Joshua D Frank, Director, bought 889,561 shares
* Nelson Peltz, Director, bought 889,561 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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