Dividend Report: Sysco Corporation (NYSE:SYY) expected to pay $0.31 on Oct 28, 2016

Dividend Report: Sysco Corporation (NYSE:SYY) expected to pay $0.31 on Oct 28, 2016

Sysco Corporation (NYSE:SYY) is expected to pay $0.31 on Oct 28, 2016. The indicated annual dividend is $1.24. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on Sysco Corporation’s current price of $48.92, the dividend is 0.63%. This dividend’s record date is Oct 7, 2016 and the announcement date is Aug 29, 2016. The stock decreased 0.18% or $0.09 during the last trading session, hitting $48.92. SYSCO Corporation (NYSE:SYY) has risen 9.76% since March 1, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.

Sysco Corporation along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The company has a market cap of $27.15 billion. The Firm provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. It has a 29.75 P/E ratio. Sysco provides food and related products to the foodservice or food-away-from-home industry.

Insitutional Activity: The institutional sentiment increased to 0.96 in 2016 Q2. Its up 0.03, from 0.93 in 2016Q1. The ratio improved, as 39 funds sold all SYSCO Corporation shares owned while 347 reduced positions. 86 funds bought stakes while 284 increased positions. They now own 417.36 million shares or 6.17% less from 444.80 million shares in 2016Q1.
Heritage Wealth holds 9,337 shares or 0.32% of its portfolio. First Interstate Bancorp last reported 5,580 shares in the company. Tdam Usa Inc, a Ontario – Canada-based fund reported 15,696 shares. Pacad Investment Ltd, a British Columbia – Canada-based fund reported 21,027 shares. Dowling And Yahnke Limited Co reported 23,470 shares or 0.14% of all its holdings. New York State Teachers Retirement holds 0.13% or 943,309 shares in its portfolio. Everett Harris And Ca has 160,757 shares for 0.29% of their US portfolio. Moreover, Hollencrest Securities Limited Liability has 0.06% invested in SYSCO Corporation (NYSE:SYY) for 7,821 shares. Shamrock Asset Management Limited Liability accumulated 1,893 shares or 0.06% of the stock. Moreover, Smith Salley & Associates has 0.73% invested in SYSCO Corporation (NYSE:SYY) for 61,545 shares. Pensionfund Dsm Netherlands accumulated 0.53% or 78,600 shares. Exane Derivatives last reported 0% of its portfolio in the stock. Pictet Asset owns 1.00M shares or 0.19% of their US portfolio. The Maine-based Acadia Trust Na has invested 2.72% in SYSCO Corporation (NYSE:SYY). Ahl Prtnrs Llp last reported 56,922 shares in the company.

Insider Transactions: Since April 15, 2016, the stock had 1 buying transaction, and 14 insider sales for $26.14 million net activity. $301,535 worth of SYSCO Corporation (NYSE:SYY) was bought by WARD JACKIE M. DeLaney William J III sold $934,342 worth of SYSCO Corporation (NYSE:SYY) on Friday, April 15. Another trade for 38,538 shares valued at $1.88 million was sold by Libby Russell T.. Day William B. had sold 20,000 shares worth $1.04 million on Thursday, August 11. Grade Joel T. also sold $719,935 worth of SYSCO Corporation (NYSE:SYY) shares. Koerber Hans-Joachim also sold $464,900 worth of SYSCO Corporation (NYSE:SYY) on Friday, April 15. On Monday, June 13 HAFNER JOSEPH A JR sold $340,130 worth of the stock or 7,000 shares.

SYSCO Corporation (NYSE:SYY) Ratings Coverage

Out of 13 analysts covering Sysco Corporation (NYSE:SYY), 4 rate it a “Buy”, 4 “Sell”, while 5 “Hold”. This means 31% are positive. Sysco Corporation has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, November 19, the company rating was initiated by Wells Fargo. The rating was upgraded by Clevland Research on Friday, March 11 to “Neutral”. Goldman Sachs initiated the shares of SYY in a report on Tuesday, December 15 with “Sell” rating. Barclays Capital initiated it with “Underweight” rating and $48 target price in Friday, September 23 report. The rating was maintained by JP Morgan on Tuesday, August 16 with “Neutral”. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 26. The stock of SYSCO Corporation (NYSE:SYY) has “Outperform” rating given on Friday, February 19 by Credit Suisse. The company was maintained on Tuesday, May 3 by Goldman Sachs. The firm has “Hold” rating given on Monday, July 18 by Deutsche Bank. The firm earned “Buy” rating on Friday, February 5 by Argus Research.

Another recent and important SYSCO Corporation (NYSE:SYY) news was published by Streetinsider.com which published an article titled: “Sysco Corp. (SYY) Adds Three New Board Members” on September 22, 2016.

SYY Company Profile

Sysco Corporation (Sysco),incorporated on May 8, 1969, along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Firm provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Sysco provides food and related products to the foodservice or food-away-from-home industry. The Firm has aggregated its operating companies into a number of divisions, of which only Broadline and SYGMA are the main divisions. Broadline operating companies distribute a line of food products and a variety of non-food products to their customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment