News coverage about Sysco (NYSE:SYY) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sysco earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.0506348006013 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
Several equities research analysts have issued reports on SYY shares. Royal Bank Of Canada set a $50.00 price target on Sysco and gave the stock a “hold” rating in a report on Friday, August 11th. Zacks Investment Research downgraded Sysco from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Pivotal Research restated a “hold” rating and issued a $53.00 price target on shares of Sysco in a report on Sunday, November 5th. Wells Fargo & Company restated a “buy” rating on shares of Sysco in a report on Monday, August 14th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a report on Tuesday, September 12th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Sysco currently has a consensus rating of “Hold” and an average target price of $56.42.
Sysco (NYSE SYY) traded up $1.75 during trading hours on Monday, hitting $59.53. The company had a trading volume of 3,382,391 shares, compared to its average volume of 2,890,152. 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 has a market capitalization of $30,106.63, a P/E ratio of 22.66, a PEG ratio of 2.59 and a beta of 0.54. Sysco has a fifty-two week low of $48.85 and a fifty-two week high of $59.66.
Sysco (NYSE:SYY) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. The business had revenue of $14.65 billion during the quarter, compared to the consensus estimate of $14.43 billion. Sysco had a return on equity of 58.47% and a net margin of 2.12%. Sysco’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. research analysts anticipate that Sysco will post 2.77 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.42%. This is an increase from Sysco’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, January 4th. Sysco’s dividend payout ratio (DPR) is currently 60.00%.
In other Sysco news, insider Wayne Shurts sold 15,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $56.66, for a total value of $883,896.00. Following the completion of the transaction, the insider now directly owns 56,985 shares in the company, valued at $3,228,770.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul T. Moskowitz sold 16,667 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $54.12, for a total value of $902,018.04. Following the completion of the transaction, the insider now owns 61,936 shares of the company’s stock, valued at $3,351,976.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,237,981 shares of company stock valued at $120,454,412. Corporate insiders own 9.60% of the company’s stock.
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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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