Insider Selling: Sysco (NYSE:SYY) EVP Sells $527,562.90 in Stock

Sysco (NYSE:SYY) Executive Vice President Ronald Phillips sold 6,285 shares of company stock valued at $527,562.90 on August 10th, under a pre-arranged Rule 10b5-1 trading plan to cover tax withholdings on vested equity awards. This transaction reduced his ownership by 13.59%. The company recently reported strong quarterly earnings, beating analyst estimates for EPS and revenue, while its stock currently holds a "Hold" rating with a consensus price target of $89.50.