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SYY - Upcoming Dividend Payouts
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SYY - Dividend Yield & Stock Price History
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Dividend.com DARS Rating™ Breakdown for SYY
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|Reveal Dividend Growth History for SYY.||23.4%||30.6%||43 years|
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Sysco Corp (SYY) - News
Before the opening bell on Monday morning, Sysco Corp (SYY) reported its third quarter earnings, posting higher revenues and lower operating...
Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
Before the opening bell on Monday morning, Sysco Corp (SYY) reported its second quarter earnings, posting higher revenues and lower operating...
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Shares of SYSCO Corporation (SYY) were up over 29% on Monday morning after the company announced that it has agreed to acquire US Foods. Sysco...
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SYSCO Corporation Posts Higher Q3 Revenue; Beats Estimates (SYY)Nov 4, 2013Sysco Corp (SYY) announced its quarterly earnings before the opening bell on Monday, posting higher revenues and flat operating income compared to 2012's comparable quarter. SYY Earnings in Brief -Sysco's revenues grew by 5.7% from last year's Q3 revenues, and came in at $11.7 billion; this figure beat analysts' estimates of $11.62 billion. -Not including one time charges, adjusted diluted EPS came in at 49 cents, which was flat with last year's Q3 EPS figure; analysts were expecting quarterly EPS of 48 cents. CEO Commentary Bill DeLaney, Sysco's president and CEO said the following about the quarterly results: "Our first quarter results were achieved in a market environment that remains very challenging for many of our customers, especially those who operate in the casual dining restaurant segment. While overall sales growth compared to the prior year was solid, gross profit growth was modest. Particularly encouraging, however, was our expense management performance which was largely driven by successfully executing our broad array of ongoing Business Transformation initiatives. Looking forward, strong execution of both our business plan and key strategic initiatives is paramount to our providing best in class service to our customers and achieving our financial objectives for fiscal 2014." Dividend Raise Coming Soon? There was no mention of declaring or raising its dividend in the quarterly report; however, Sysco has raised its quarterly dividend by 1 cent in January for the past several years. With its latest quarterly results coming in fairly strong, we suspect that Sysco will follow the pattern and raise its dividend again this coming January. Stock Performance SYY stock was up $1.16, or 3.56%, in pre-market trading. The company's stock is up just 2.07% this year.
Jefferies Initiates Coverage on Sysco Corp at "Hold" (SYY)Oct 8, 2013Analysts at Jefferies initiated coverage on food distributor Sysco Corp (SYY) late on Monday, giving the stock a tepid rating because they are concerned that margins could continue to disappoint. The analysts rate SYY as "Hold" and see shares reaching $30. This price target suggests a 5% downside to the stock's Monday closing price of $31.63. "While Sysco enjoys scale advantages as the largest player in the US foodservice industry, restaurant industry traffic trends have been sluggish and we are concerned that margins could continue to disappoint," Jefferies analyst Mark Wiltamuth states. "While the operating environment and margin outlook is not encouraging, the company’s 3.7% dividend yield provides support while investors wait for fundamentals to turn." Sysco Corp shares were down 62 cents, or 1.96%, during pre-market trading on Tuesday. The stock is down a fraction year-to-date.
The Bottom LineShares of Sysco Corp (SYY) offer a dividend yield of 3.54% based on Monday's closing price of $31.63 and the company's annualized dividend payout of $1.12 per share. Sysco Corp (SYY) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
Deutsche Bank Starts Coverage of Sysco Corp. at "Hold" (SYY)Sep 26, 2013Analysts at Deutsche Bank initiated coverage on food distributor Sysco Corp (SYY) early on Thursday, giving the company a tepid rating due to a number of underwhelming factors. The analysts rate SYY as "Hold" and see shares reaching $33. This price target suggests a slight upside to the stock's Wednesday closing price of $32.01. A Deutsche Bank analyst noted, “We are initiating coverage of SYY with a Hold rating and $33 price target. Our price target values the stock at an EV/EBITDA of 8.9x and a P/E of 17.3x. Our Hold rating is based on several factors: 1) ROIC has been declining for years and we have yet to see any evidence that this trend will reverse; 2) for a period of time, SYY's valuation multiple on EV/EBITDAR did contract in sympathy with ROIC and a slower top line - but more recently the multiple has again started to expand despite lack of improvement in the other elements; and 3) as a result, SYY's relative valuation multiple has continued to expand.” Sysco Corp shares were up 21 cents, or 0.66%, during morning trading on Thursday. The stock is up 1.9% year-to-date.
The Bottom LineShares of Sysco Corp (SYY) offer a dividend yield of 3.50% based on Wednesday's closing price of $32.01 and the company's annualized dividend payout of $1.12 per share. Sysco Corp (SYY) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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