Media headlines about SYSCO (NYSE:SYY) have trended somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SYSCO earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.0960081857828 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
SYSCO opened at $68.54 on Thursday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 3.76, a quick ratio of 0.90 and a current ratio of 1.44. SYSCO has a twelve month low of $48.85 and a twelve month high of $68.87. The company has a market cap of $35.71 billion, a P/E ratio of 27.64, a PEG ratio of 1.89 and a beta of 0.57.
SYSCO (NYSE:SYY) last announced its quarterly earnings data on Monday, May 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. The business had revenue of $14.35 billion during the quarter, compared to analysts’ expectations of $14.32 billion. SYSCO had a return on equity of 64.33% and a net margin of 2.23%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. research analysts predict that SYSCO will post 2.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, July 6th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, July 5th. SYSCO’s payout ratio is 58.06%.
SYY has been the topic of a number of recent analyst reports. Pivotal Research cut their price objective on SYSCO from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday, May 2nd. ValuEngine upgraded SYSCO from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Zacks Investment Research lowered SYSCO from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. Morgan Stanley restated a “hold” rating and set a $61.00 price target (down from $64.00) on shares of SYSCO in a research report on Tuesday, May 8th. Finally, Credit Suisse Group set a $68.00 price target on SYSCO and gave the company a “hold” rating in a research report on Saturday, May 5th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.10.
In other SYSCO news, Director Trian Fund Management, L.P. sold 2,278,939 shares of SYSCO stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $66.14, for a total transaction of $150,729,025.46. Following the completion of the transaction, the director now owns 4,657 shares in the company, valued at $308,013.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joel T. Grade sold 17,438 shares of SYSCO stock in a transaction on Friday, June 29th. The shares were sold at an average price of $68.36, for a total value of $1,192,061.68. Following the transaction, the chief financial officer now owns 56,867 shares of the company’s stock, valued at approximately $3,887,428.12. The disclosure for this sale can be found here. Insiders have sold 3,170,634 shares of company stock valued at $209,545,504 in the last quarter. 9.60% of the stock is owned by company insiders.
SYSCO Company Profile
Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg.
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