Somewhat Positive News Coverage Somewhat Unlikely to Affect Sysco Corporation (SYY) Stock Price

Media coverage about Sysco Corporation (NYSE:SYY) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sysco Corporation earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.4923558154748 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

SYY has been the subject of several research reports. BidaskClub lowered shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. J P Morgan Chase & Co restated an “overweight” rating and set a $57.00 price objective on shares of Sysco Corporation in a research report on Friday, June 23rd. Wells Fargo & Company restated a “buy” rating on shares of Sysco Corporation in a research report on Friday, June 23rd. Bank of America Corporation restated a “buy” rating and set a $61.00 price objective on shares of Sysco Corporation in a research report on Monday, June 26th. Finally, BMO Capital Markets restated a “buy” rating and set a $60.00 price objective on shares of Sysco Corporation in a research report on Tuesday, June 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sysco Corporation has an average rating of “Hold” and an average price target of $56.42.

Shares of Sysco Corporation (NYSE:SYY) opened at 54.28 on Friday. Sysco Corporation has a 12-month low of $47.15 and a 12-month high of $57.07. The company’s 50 day moving average is $53.44 and its 200 day moving average is $52.78. The firm has a market capitalization of $28.65 billion, a PE ratio of 26.10 and a beta of 0.52.

Sysco Corporation (NYSE:SYY) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. Sysco Corporation had a return on equity of 53.25% and a net margin of 2.06%. The business had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.35 billion. During the same period in the previous year, the firm earned $0.64 EPS. Sysco Corporation’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that Sysco Corporation will post $2.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, October 5th. Sysco Corporation’s dividend payout ratio (DPR) is currently 63.16%.

In other Sysco Corporation news, insider Paul T. Moskowitz sold 16,667 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $54.12, for a total transaction of $902,018.04. Following the completion of the transaction, the insider now owns 61,936 shares of the company’s stock, valued at approximately $3,351,976.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Wayne Shurts sold 15,600 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $50.87, for a total value of $793,572.00. Following the transaction, the insider now directly owns 58,776 shares of the company’s stock, valued at approximately $2,989,935.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,111,381 shares of company stock valued at $113,332,388. Insiders own 8.81% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Affect Sysco Corporation (SYY) Stock Price” was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2956307/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-sysco-corporation-syy-stock-price.html.

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.

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

Receive News & Ratings for Sysco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.