Weekly CEO Sells Highlight: Sysco Corporation, MBIA, Restoration Hardware Holdings and Applied Materials

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May 28, 2013
According to GuruFocus Insider Data, these are the largest CEO sales during the past week.

Sysco Corporation (SYY, Financial): President and CEO William J. Delaney III Sold 1,018,799 Shares

President and CEO of Sysco Corporation (SYY) William J Delaney III sold 1,018,799 shares on 05/23/2013 at an average price of $34.67. Sysco Corporation was organized under the laws of Delaware. Sysco Corporation has a market cap of $20.52 billion; its shares were traded at around $34.82 with a P/E ratio of 20.20 and P/S ratio of 0.50. The dividend yield of Sysco Corporation stocks is 3.20%. Sysco Corporation had an annual average earnings growth of 5.8% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 3.5-star.

Sysco Corporation reported their 2013 fiscal third quarter results with sales of $10.9 billion and net income of $201 million.

President and CEO William J Delaney III sold 1,018,799 shares of SYY stock on 05/23/2013 at the average price of $34.67. Executive Vice President and CFO Robert C. Kreidler sold 80,697 shares of SYY stock on 05/15/2013 at the average price of $35.04. Director Jonathan Golden; EVP, Merchandise and Supply Chain Management William B. Day; EVP, Business Transformation James D. Hope; EVP and Group President Michael W. Green; and SVP, Controller and CAO G. Mitchell Elmer sold 186,123 shares of SYY stock in March and May.

MBIA Inc. (MBI, Financial): CEO Joseph W. Brown Sold 749,000 Shares

CEO of MBIA Inc. (MBI) Joseph W. Brown sold 749,000 shares on 05/23/2013 at an average price of $14.5. MBIA Incorporated was formed as a business corporation under the laws of the state of Connecticut in 1986. MBIA Inc has a market cap of $2.86 billion; its shares were traded around $14.57 with a P/E ratio of 2.10 and P/S ratio of 1.30.

MBIA Inc. reported revenues of $219 million and net income of $164 for their 2013 first financial quarter.

CEO Joseph W. Brown sold 749,000 shares of MBI stock on 05/23/2013 at the average price of $14.5. Director and Senior Officer Erinn Broshko, sold 572,500 shares of MBI stock on 03/11/2013.

Restoration Hardware Holdings Inc. (RH, Financial): CEO, 10% Owner Carlos Alberini Sold 329,536 Shares

CEO, 10% Owner of Restoration Hardware Holdings Inc. (RH) Carlos Alberini sold 329,536 shares on 05/20/2013 at an average price of $50. Restoration Hardware Holdings Inc. has a market cap of $2.08 billion; its shares were traded around $54.75 with a P/E ratio of 86.50 and P/S ratio of 2.70.

Restoration Hardware Holdings Inc. reported their 2012 fourth fiscal quarter results with revenues of $398.1 million.

CEO and 10% Owner Carlos Alberini sold 329,536 shares of RH stock on 05/20/2013 at the average price of $50. CFO Karen Boone sold 23,391 shares of RH stock on 05/20/2013 at the average price of $50. Director and 10% Owner William D. Forrest and Director and 10% Owner James Michael Chu sold 11,158,197 shares of RH stock on 05/20/2013.

Applied Materials Inc. (AMAT, Financial): Chairman and CEO Michael R. Splinter Sold 300,000 Shares

Chairman and CEO of Applied Materials Inc. (AMAT) Michael R. Splinter sold 300,000 shares on 05/21/2013 at an average price of $14.71. Applied Materials Inc. was incorporated in 1967. The company is a Delaware corporation, provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic and related industries. Applied Materials Inc. has a market cap of $17.52 billion; its shares were traded around $14.50 with a P/E ratio of 714.30 and P/S ratio of 2.40. The dividend yield of Applied Materials Inc. stocks is 2.60%.

Revenues were $1.97 billion and net income was $129 million for their 2013 second quarter.

Chairman and CEO Michael R. Splinter sold 890,000 shares of AMAT stock in May and February. Senior Vice President and CFO Robert J. Halliday sold 23,954 shares of AMAT stock on 04/04/2013 at the average price of $13.18. Group VP and CTO Omkaram Nalamasu; Director Thomas J. Iannotti; EVP and General ManagerSilicon Systems Randhir Thakur; GVP and Chief Information Officer Jay Kerley; and Corporate VP and Corporate Controller and CAO Thomas S. Timko sold 311,563 shares of AMAT stock in March and May.

For the complete list of stocks that were bought by their CEOs, go to: Insider Buys.