Press coverage about SYSCO (NYSE:SYY) has been trending somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SYSCO earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.1960505277513 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Insider Selling: SYSCO Co. (SYY) Director Sells 5,000 Shares of Stock (americanbankingnews.com)
- Zacks: Brokerages Expect SYSCO Co. (SYY) to Post $0.66 EPS (americanbankingnews.com)
- SYSCO Co. (SYY) Insider Sells $929,483.75 in Stock (americanbankingnews.com)
- Volatile Stock to Watch – Sysco Corporation (NYSE: SYY) – Alpha Beta Stock (alphabetastock.com)
- SYSCO (SYY) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
SYSCO (NYSE:SYY) traded up $0.74 on Friday, reaching $60.12. 4,520,545 shares of the company’s stock were exchanged, compared to its average volume of 2,629,671. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.38 and a quick ratio of 0.85. SYSCO has a twelve month low of $48.85 and a twelve month high of $64.27. The stock has a market cap of $31,252.50, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.01 and a beta of 0.60.
SYSCO (NYSE:SYY) last released its quarterly earnings results on Monday, February 5th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $14.15 billion. SYSCO had a net margin of 2.10% and a return on equity of 61.02%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 EPS. sell-side analysts forecast that SYSCO will post 2.95 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, April 5th. SYSCO’s payout ratio is presently 64.29%.
Several research firms recently issued reports on SYY. Jefferies Group set a $67.00 price objective on SYSCO and gave the stock a “hold” rating in a report on Monday, February 5th. Loop Capital decreased their target price on shares of SYSCO from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Zacks Investment Research raised shares of SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research note on Wednesday, January 10th. Bank of America raised their target price on shares of SYSCO from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Pivotal Research decreased their target price on shares of SYSCO from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $65.20.
In other news, SVP William W. Goetz sold 11,323 shares of SYSCO stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $62.00, for a total transaction of $702,026.00. Following the sale, the senior vice president now owns 35,825 shares of the company’s stock, valued at approximately $2,221,150. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Russell T. Libby sold 13,334 shares of SYSCO stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $60.69, for a total transaction of $809,240.46. Following the sale, the insider now directly owns 64,394 shares in the company, valued at approximately $3,908,071.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 164,704 shares of company stock worth $10,012,748. Corporate insiders own 9.60% of the company’s stock.
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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