News coverage about Sysco Corporation (NYSE:SYY) has been trending positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sysco Corporation earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.056632599093 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Staley Capital Advisers Inc. Boosts Position in CVS Health Corporation (CVS) (badhub.net)
- Contrasting SuperValu (SVU) & SYSCO (NYSE:SYY) (americanbankingnews.com)
- Sysco Corporation (SYY) Ponder to Gains Active Momentum After Reviving Quick Ratio- KLA-Tencor Corporation (KLAC) – Investing News Update (investingbizz.com)
- See what the IHS Markit Score report has to say about Sysco Corp. (finance.yahoo.com)
- Sysco Corp. breached its 50 day moving average in a Bearish Manner : SYY-US : August 9, 2017 (finance.yahoo.com)
Several research firms have commented on SYY. BidaskClub downgraded Sysco Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Zacks Investment Research downgraded Sysco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Barclays PLC reissued an “equal weight” rating and issued a $57.00 target price (up from $53.00) on shares of Sysco Corporation in a report on Tuesday, May 9th. Royal Bank Of Canada boosted their target price 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 reissued a “hold” rating and issued a $51.00 target price (up from $50.00) on shares of Sysco Corporation in a report on Monday, May 8th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.02.
Sysco Corporation (NYSE SYY) opened at 51.58 on Friday. Sysco Corporation has a one year low of $47.15 and a one year high of $57.07. The company has a market capitalization of $27.61 billion, a P/E ratio of 27.19 and a beta of 0.52. The stock’s 50 day moving average price is $50.93 and its 200-day moving average price is $52.61.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.32 annualized dividend and a dividend yield of 2.56%. Sysco Corporation’s dividend payout ratio (DPR) is presently 69.47%.
In other news, insider Wayne Shurts sold 15,600 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $55.32, for a total value of $862,992.00. Following the completion of the transaction, the insider now owns 58,776 shares of the company’s stock, valued at approximately $3,251,488.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William J. Delaney III sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $54.22, for a total value of $1,626,600.00. Following the completion of the transaction, the chief executive officer now directly owns 406,725 shares of the company’s stock, valued at approximately $22,052,629.50. The disclosure for this sale can be found here. In the last three months, insiders sold 152,400 shares of company stock valued at $8,121,300. Insiders own 8.81% of the company’s stock.
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About Sysco Corporation
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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