Somewhat Positive Press Coverage Somewhat Unlikely to Affect Sysco Corporation (NYSE:SYY) Stock Price
Media stories about Sysco Corporation (NYSE:SYY) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sysco Corporation earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.451239024271 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Sysco Corporation (NYSE:SYY) vs. GNC Holdings (GNC) Financial Review (americanbankingnews.com)
- Sysco Corporation (SYY) Position Up in Latest Report from Sumitomo Mitsui Trust Holdings, Inc. – First News 24 (firstnewspaper24.com)
- Sysco Corporation (SYY) Position Increased by Sumitomo Mitsui Trust Holdings, Inc. Last Quarter – Highlight Press (highlightpress.com)
- Sumitomo Mitsui Trust Holdings, Inc. Buys A Little More Sysco Corporation (SYY) Stock – Modern Readers (modernreaders.com)
- Sysco Corporation (SYY) Position Increased by Sumitomo Mitsui Trust Holdings, Inc. – Modern Readers (modernreaders.com)
Several equities research analysts recently issued reports on the company. BidaskClub cut Sysco Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Zacks Investment Research cut Sysco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Barclays PLC reiterated an “equal weight” rating and issued a $57.00 price objective (up from $53.00) on shares of Sysco Corporation in a report on Tuesday, May 9th. Royal Bank Of Canada lifted their price objective on Sysco Corporation from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 9th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $51.00 price objective (up from $50.00) on shares of Sysco Corporation in a report on Monday, May 8th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $56.02.
Sysco Corporation (NYSE SYY) opened at 51.32 on Thursday. The firm has a market capitalization of $27.47 billion, a PE ratio of 27.05 and a beta of 0.52. The stock’s 50 day moving average price is $51.23 and its 200 day moving average price is $52.70. Sysco Corporation has a one year low of $47.15 and a one year high of $57.07.
Sysco Corporation (NYSE:SYY) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.51 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.51. Sysco Corporation had a net margin of 1.93% and a return on equity of 47.28%. The business had revenue of $13.52 billion during the quarter, compared to analysts’ expectations of $13.14 billion. During the same period last year, the company posted $0.46 EPS. The company’s revenue was up 12.7% on a year-over-year basis. Analysts expect that Sysco Corporation will post $2.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.57%. Sysco Corporation’s dividend payout ratio (DPR) is 69.47%.
In other news, insider Wayne Shurts sold 15,600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $55.32, for a total transaction of $862,992.00. Following the completion of the transaction, the insider now directly owns 58,776 shares of the company’s stock, valued at approximately $3,251,488.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William J. Delaney III sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $54.22, for a total transaction of $1,626,600.00. Following the transaction, the chief executive officer now directly owns 406,725 shares of the company’s stock, valued at $22,052,629.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,400 shares of company stock valued at $8,121,300. Corporate insiders own 8.81% of the company’s stock.
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Sysco Corporation 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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