SYSCO (SYY) Given Daily Media Impact Rating of 0.50

Headlines about SYSCO (NYSE:SYY) have trended neutral recently, InfoTrie reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SYSCO earned a media sentiment score of 0.50 on their scale. InfoTrie also assigned media stories about the company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.

These are some of the news headlines that may have impacted SYSCO’s analysis:

Shares of NYSE SYY opened at $63.85 on Friday. The company has a market capitalization of $32.25 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.78 and a beta of 0.57. SYSCO has a 12-month low of $56.01 and a 12-month high of $75.98. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.80 and a current ratio of 1.30.

SYSCO (NYSE:SYY) last announced its quarterly earnings results on Monday, November 5th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.01). The company had revenue of $15.22 billion during the quarter, compared to the consensus estimate of $15.39 billion. SYSCO had a return on equity of 68.81% and a net margin of 2.52%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. On average, research analysts forecast that SYSCO will post 3.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, January 4th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, January 3rd. This represents a $1.56 annualized dividend and a yield of 2.44%. This is an increase from SYSCO’s previous quarterly dividend of $0.36. SYSCO’s payout ratio is presently 49.68%.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded SYSCO from a “sell” rating to a “hold” rating in a research report on Monday. Bank of America downgraded SYSCO from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a report on Wednesday, January 16th. Loop Capital set a $75.00 price target on SYSCO and gave the stock a “buy” rating in a report on Friday, December 14th. Citigroup cut their price target on SYSCO from $78.00 to $74.00 and set a “neutral” rating on the stock in a report on Tuesday, November 13th. Finally, ValuEngine raised SYSCO from a “hold” rating to a “buy” rating in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $73.58.

In other SYSCO news, Director Trian Fund Management, L.P. sold 1,524,475 shares of SYSCO stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $66.50, for a total transaction of $101,377,587.50. Following the sale, the director now owns 7,055 shares of the company’s stock, valued at approximately $469,157.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard G. Tilghman sold 5,000 shares of SYSCO stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $66.17, for a total value of $330,850.00. Following the sale, the director now directly owns 7,055 shares in the company, valued at approximately $466,829.35. The disclosure for this sale can be found here. Insiders have sold a total of 3,745,007 shares of company stock worth $248,930,539 in the last ninety days. 7.88% of the stock is owned by company insiders.

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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. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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