Sysco Corporation (NYSE:SYY) share price jumped at US$ 53.02 before falling back to end the trade at US$ 52.89 a share. The dividend stock is -6.76% off a 52-week high stock price of US$ 57.07 but is up 27.72% since hitting the US$ 42.77. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 28.78.
After a 0.27% rise from previous close of US$ 52.75, Sysco Corporation (SYY) has a US$ 28.72 Billion market cap. The company pays a US$ 0.33-cent-per-share quarterly dividend, giving it a 2.5% yield. That brings its full year payout to US$ 1.32 and 66.9% annual payout ratio based on EPS. According to FT, Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 3.39% and 42.93%, respectively. The positive trend in dividend payments is noteworthy since only some companies in the Retail (Grocery) industry pay a dividend. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.
The SYY has tumbled -3.9% year-to-date. The equity has slowed down in recent weeks, with shares lower about -0.97% in the past three months. It added 0.27%, climbed -1.18% and jumped 1.49% in the week, one month and six months, respectively. Revenue growth rate was recorded at 5.1% and net income per share was seen moving at a -3.4% rate in the past five years.
Sysco Corporation (NYSE:SYY) is over 1% above analysts’ consensus price target of US$ 54.31. The stock has blown through analysts’ low price target of US$ 46, but is still below the high US$ 60 target. On a price appreciation basis over the past 12 months, the stock returned 25.88%.
Financial Times data shows, In 2016, Sysco Corp reported a dividend of 1.22 USD, which represents a 3.39% increase over last year. The 9 analysts covering the company expect dividends of 1.28 USD for the upcoming fiscal year, an increase of 4.84%. The most recent short interest data show 2.49% of the company’s stock are short sold. It would take about 3.84 days to cover all short positions. In terms of volatility, it has a beta coefficient of 0.55 and technical analysis volatility indicator called Average True Range or ATR around 0.66.
Sysco Corporation (NYSE:SYY) closed 3.62% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is -2.22% below another chart threshold, its 50-day moving average and 0.75% above its 20-day simple moving average.Dividend Stock To Monitor: Sysco Corporation (SYY)