Headlines about SYSCO (NYSE:SYY) have been trending somewhat negative this week, according to Alpha One. The research firm, a unit of Accern, scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SYSCO earned a coverage optimism score of -0.02 on Alpha One’s scale. Alpha One also assigned press coverage about the company an impact score of 80 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have effected Alpha One Sentiment’s rankings:

SYSCO (NYSE:SYY) traded down 0.48% during mid-day trading on Friday, reaching $52.20. 2,332,155 shares of the company’s stock traded hands. SYSCO has a 52-week low of $45.19 and a 52-week high of $57.07. The company has a market capitalization of $28.20 billion, a price-to-earnings ratio of 28.46 and a beta of 0.52. The company has a 50-day moving average of $52.15 and a 200-day moving average of $52.42.

SYSCO (NYSE:SYY) last posted its earnings results on Monday, February 6th. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company earned $13.50 billion during the quarter, compared to the consensus estimate of $13.53 billion. SYSCO had a net margin of 1.94% and a return on equity of 40.85%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. Equities research analysts expect that SYSCO will post $2.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 7th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, April 5th. SYSCO’s dividend payout ratio is currently 71.74%.

A number of brokerages have issued reports on SYY. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 target price on shares of SYSCO in a report on Thursday, February 2nd. Credit Suisse Group AG raised shares of SYSCO from a “neutral” rating to an “outperform” rating and set a $59.00 price objective for the company in a research note on Monday, February 6th. Wells Fargo & Co reissued a “buy” rating on shares of SYSCO in a research note on Monday, February 6th. BMO Capital Markets set a $56.00 price objective on shares of SYSCO and gave the stock a “hold” rating in a research note on Tuesday, February 7th. Finally, Zacks Investment Research cut shares of SYSCO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. SYSCO has an average rating of “Hold” and a consensus target price of $54.88.

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In other news, Director Daniel J. Brutto acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 31st. The stock was acquired at an average cost of $51.94 per share, with a total value of $129,850.00. Following the acquisition, the director now owns 3,968 shares in the company, valued at $206,097.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Delaney III sold 30,000 shares of the company’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $51.96, for a total transaction of $1,558,800.00. Following the sale, the chief executive officer now directly owns 406,725 shares of the company’s stock, valued at $21,133,431. The disclosure for this sale can be found here. 8.81% of the stock is currently owned by corporate insiders.

SYSCO Company Profile

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.

5 Day Chart for NYSE:SYY

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