News stories about Sysco (NYSE:SYY) have been trending positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sysco earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.6497870199375 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Sysco (NYSE:SYY) traded down $0.14 during trading on Wednesday, hitting $61.84. 2,543,600 shares of the stock traded hands, compared to its average volume of 2,903,734. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 3.77. Sysco has a 1 year low of $48.85 and a 1 year high of $62.79. The company has a market capitalization of $32,295.07, a P/E ratio of 24.31, a PEG ratio of 2.66 and a beta of 0.54.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Sysco had a net margin of 2.12% and a return on equity of 58.47%. The firm had revenue of $14.65 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. research analysts expect that Sysco will post 2.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, January 4th. This is an increase from Sysco’s previous quarterly dividend of $0.33. Sysco’s payout ratio is currently 60.00%.

SYY has been the subject of several analyst reports. Pivotal Research reissued a “hold” rating and issued a $53.00 price objective on shares of Sysco in a research note on Sunday, November 5th. Zacks Investment Research downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a research note on Tuesday, September 12th. Finally, Loop Capital raised their price objective on shares of Sysco to $68.00 and gave the stock a “buy” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.55.

In related news, CEO William J. Delaney III sold 400,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $53.91, for a total value of $21,564,000.00. Following the completion of the transaction, the chief executive officer now owns 576,725 shares of the company’s stock, valued at $31,091,244.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wayne Shurts sold 7,800 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $54.86, for a total transaction of $427,908.00. Following the completion of the transaction, the executive vice president now directly owns 58,776 shares of the company’s stock, valued at approximately $3,224,451.36. The disclosure for this sale can be found here. Insiders have sold 1,820,067 shares of company stock valued at $98,262,450 in the last ninety days. Insiders own 9.60% of the company’s stock.

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About Sysco

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.

Insider Buying and Selling by Quarter for Sysco (NYSE:SYY)

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