Media coverage about SYSCO (NYSE:SYY) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SYSCO earned a news impact score of 0.23 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.4458497007589 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- William W. Goetz Sells 11,323 Shares of SYSCO Co. (SYY) Stock (americanbankingnews.com)
- Will These Stocks Remain Hot? Sysco Corporation (SYY), Array BioPharma Inc. (ARRY) – 10,000 Couples (10thousandcouples.com)
- Putting the Heat on Sysco Corporation (SYY), Church & Dwight Co., Inc. (CHD) – Market Movers (financialqz.com)
- Yacktman Focused Fund Reduces Samsung, Microsoft, Sysco Positions (finance.yahoo.com)
- Sysco (SYY) Set to Bring Kent Frozen Foods Under Its Wings (finance.yahoo.com)
Shares of SYSCO (NYSE:SYY) traded up $0.02 during mid-day trading on Thursday, reaching $62.22. The company had a trading volume of 1,897,578 shares, compared to its average volume of 2,590,000. The stock has a market capitalization of $32,420.00, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.53. SYSCO has a 12 month low of $48.85 and a 12 month high of $62.79. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.88 and a current ratio of 1.40.
SYSCO (NYSE:SYY) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The company had revenue of $14.65 billion for the quarter, compared to analysts’ expectations of $14.43 billion. SYSCO had a return on equity of 58.47% and a net margin of 2.12%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. equities research analysts predict that SYSCO will post 2.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.31%. This is a boost from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, January 4th. SYSCO’s dividend payout ratio is presently 65.75%.
A number of brokerages recently commented on SYY. Zacks Investment Research upgraded SYSCO from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, October 10th. Morgan Stanley upgraded SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 target price for the company in a report on Tuesday. BMO Capital Markets set a $66.00 target price on SYSCO and gave the company a “buy” rating in a report on Friday, December 8th. Pivotal Research upped their target price on SYSCO from $53.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Finally, Loop Capital upped their target price on SYSCO to $68.00 and gave the company a “buy” rating in a report on Monday, December 11th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. SYSCO has an average rating of “Buy” and a consensus price target of $59.92.
In related news, SVP Greg D. Bertrand sold 81,038 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $60.76, for a total value of $4,923,868.88. Following the sale, the senior vice president now directly owns 69,721 shares of the company’s stock, valued at $4,236,247.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William J. Delaney III sold 150,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $54.05, for a total value of $8,107,500.00. Following the completion of the sale, the chief executive officer now directly owns 526,725 shares in the company, valued at $28,469,486.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 302,495 shares of company stock worth $17,294,631. 9.60% of the stock is owned by insiders.
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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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