SYSCO (SYY) Receives Daily Coverage Optimism Score of 0.17
News stories about SYSCO (NYSE:SYY) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SYSCO earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.6238071552054 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Focus on Momentum Mover: Sysco Corporation (SYY) – Wall Street Morning (wallstreetmorning.com)
- Sysco Corp (SYY) Is Showing Near Term Bullish Signs – Evergreen Caller (evergreencaller.com)
- SYSCO : Houston-based Sysco Announces $1 Million Donation for Hurricane Harvey Relief Efforts (4-traders.com)
- Candriam Luxembourg SCA Raises Stake in Sysco Corporation (SYY) (topactu.net)
- Sysco Corporation (SYY) Stake Raised by Stratos Wealth Partners LTD. (techkenyot.com)
Shares of SYSCO (NYSE:SYY) opened at 52.97 on Tuesday. The stock has a market cap of $28.08 billion, a P/E ratio of 25.47 and a beta of 0.52. SYSCO has a one year low of $47.15 and a one year high of $57.07. The stock has a 50 day moving average of $51.74 and a 200 day moving average of $52.53.
SYSCO (NYSE:SYY) last posted its quarterly earnings results on Monday, August 14th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.35 billion. SYSCO had a return on equity of 51.95% and a net margin of 2.12%. SYSCO’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, analysts forecast that SYSCO will post $2.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, October 5th. SYSCO’s dividend payout ratio is presently 63.16%.
Several research analysts have weighed in on SYY shares. Jefferies Group LLC restated a “hold” rating and set a $51.00 price objective (up previously from $50.00) on shares of SYSCO in a report on Monday, May 8th. Royal Bank Of Canada upped their price objective on shares of SYSCO from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 9th. Zacks Investment Research upgraded shares of SYSCO from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, May 9th. Barclays PLC restated an “equal weight” rating and set a $57.00 price objective (up previously from $53.00) on shares of SYSCO in a report on Tuesday, May 9th. Finally, Loop Capital started coverage on shares of SYSCO in a report on Monday, May 15th. They set a “buy” rating and a $61.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $55.71.
In other news, insider Wayne Shurts sold 15,600 shares of SYSCO stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $51.76, for a total value of $807,456.00. Following the completion of the transaction, the insider now owns 58,776 shares of the company’s stock, valued at approximately $3,042,245.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William J. Delaney III sold 30,000 shares of SYSCO stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $49.92, for a total value of $1,497,600.00. Following the completion of the transaction, the chief executive officer now directly owns 406,725 shares of the company’s stock, valued at approximately $20,303,712. The disclosure for this sale can be found here. In the last ninety days, insiders sold 160,200 shares of company stock valued at $8,397,012. 8.81% of the stock is owned by insiders.
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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