Eve M. McFadden, Senior Vice President, General Counsel & Corporate Secretary at Sysco Corp (NYSE:SYY), recently exercised stock options and sold shares of the company. According to a recent SEC filing, McFadden exercised options to acquire 6,499 shares of Sysco's common stock at a price of $40.59 per share. Subsequently, she sold the same number of shares at $80 per share, amounting to a total sale value of $519,920.
These transactions were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stock. Following these transactions, McFadden's direct ownership of Sysco shares stands at 48,451.158 shares. The company has demonstrated strong shareholder commitment, maintaining dividend payments for 54 consecutive years with a current yield of 2.49%. Get deeper insights into Sysco's insider trading patterns and comprehensive financial analysis through InvestingPro, which offers exclusive access to detailed Pro Research Reports covering 1,400+ top stocks.
In other recent news, Sysco Corp. reported a 4.4% increase in total revenue, reaching $20.5 billion, and a slight growth in adjusted earnings per share to $1.09 in the first quarter of fiscal year 2025. The company also noted a 2.7% rise in U.S. Foodservice volume. In addition to this financial performance, Sysco has been making strategic changes, including integrating Campbells Prime Meat in the UK and divesting its Mexico joint venture.
The company's annual meeting of stockholders resulted in the re-election of all director nominees and approval of executive compensation. A significant 99.59% of votes cast supported the adoption of Sysco Corporation (NYSE:SYY)'s 2025 Employee Stock Purchase Plan, which aims to provide employees with the opportunity to purchase company stock.
Sysco's outlook for the rest of fiscal year 2025 is positive, with expectations of continued growth in net sales and adjusted EPS. The company also plans to return $2 billion to shareholders through dividends and share repurchases. These are among the recent developments for Sysco, as noted in the company's recent earnings call and shareholder meeting.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.