Favorable Media Coverage Somewhat Unlikely to Impact SYSCO (SYY) Share Price
News stories about SYSCO (NYSE:SYY) have trended positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern 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 0.26 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.4051812736861 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- The Interpublic Group of Companies, Inc. (IPG) in Intentions Seekers on Ratio Analysis- Sysco Corporation (SYY) – Investing News Update (investingbizz.com)
- Noble Corp. CEO retires, female successor appointed (bizjournals.com)
- SYSCO Co. (SYY) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Insider Selling: SYSCO Co. (SYY) Insider Sells 15,600 Shares of Stock (americanbankingnews.com)
- SYSCO Co. (SYY) SVP Sells $4,923,868.88 in Stock (americanbankingnews.com)
SYSCO (NYSE:SYY) traded up $0.16 during mid-day trading on Friday, reaching $61.38. The company had a trading volume of 3,026,124 shares, compared to its average volume of 2,057,815. The stock has a market capitalization of $31,982.42, a PE ratio of 27.90, a price-to-earnings-growth ratio of 2.45 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.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be given a dividend of $0.36 per share. This is a positive change from SYSCO’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.44 annualized dividend and a yield of 2.35%. SYSCO’s payout ratio is 65.45%.
SYY has been the subject of several recent research reports. Pivotal Research reiterated a “hold” rating and issued a $53.00 price objective on shares of SYSCO in a research note on Sunday, November 5th. Loop Capital boosted their target price on SYSCO to $68.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. BMO Capital Markets set a $66.00 target price on SYSCO and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, Zacks Investment Research cut SYSCO from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. SYSCO currently has an average rating of “Buy” and a consensus price target of $59.55.
In other SYSCO news, CEO William J. Delaney III sold 150,000 shares of SYSCO stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $54.05, for a total transaction of $8,107,500.00. Following the transaction, the chief executive officer now owns 526,725 shares of the company’s stock, valued at $28,469,486.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Greg D. Bertrand sold 81,038 shares of SYSCO stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 69,721 shares in the company, valued at approximately $4,236,247.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 321,172 shares of company stock worth $18,233,905. 9.60% 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.
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