SYSCO (SYY) Receives Daily Media Impact Rating of 0.15
News headlines about SYSCO (NYSE:SYY) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty 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 earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.2054991440395 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- SYSCO Co. (SYY) Forecasted to Post Q2 2019 Earnings of $0.85 Per Share (americanbankingnews.com)
- Sysco to Webcast Presentation From the 2018 CAGNY Conference (finance.yahoo.com)
- Sysco Launches Redesigned Website Aimed at Enriching the Customer Experience (finance.yahoo.com)
- SYSCO (SYY) Rating Reiterated by Royal Bank of Canada (americanbankingnews.com)
- SYSCO (SYY) PT Lowered to $61.00 (americanbankingnews.com)
SYY has been the subject of a number of recent research reports. Loop Capital set a $70.00 target price on shares of SYSCO and gave the company a “buy” rating in a report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $61.00 target price on shares of SYSCO in a report on Tuesday. Pivotal Research reissued a “hold” rating and issued a $53.00 target price on shares of SYSCO in a report on Sunday, November 5th. Zacks Investment Research raised shares of SYSCO from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a report on Wednesday, January 10th. Finally, BMO Capital Markets set a $66.00 target price on shares of SYSCO and gave the company a “buy” rating in a report on Friday, December 8th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $64.27.
SYSCO (NYSE:SYY) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $14.15 billion. SYSCO had a return on equity of 60.71% and a net margin of 2.10%. SYSCO’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. analysts anticipate that SYSCO will post 2.88 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 5th were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This is an increase from SYSCO’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 2.46%. SYSCO’s dividend payout ratio (DPR) is currently 64.57%.
In other news, SVP William W. Goetz sold 11,323 shares of SYSCO stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $62.00, for a total transaction of $702,026.00. Following the completion of the sale, the senior vice president now directly owns 35,825 shares in the company, valued at $2,221,150. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Greg D. Bertrand sold 81,038 shares of SYSCO stock in a transaction 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 sale, the senior vice president now owns 69,721 shares of the company’s stock, valued at $4,236,247.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 294,695 shares of company stock valued at $16,866,723. 9.60% of the stock is 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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