SYSCO News

Sysco Corporation announced today that its Board of Directors declared a regular quarterly cash dividend of $0.27 per share, payable on July 27, 2012, to common shareholders of record at the close of business on July 6, 2012.

They currently have a $27.00 price target on the stock, down from their previous price target of $28.00. A number of other firms have also recently commented on SYY.

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics - strong fundamentals and a valuation that looks inexpensive.

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on May 18th: Marten Transport : Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $24. Hub Group : Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed ... (more)

May 17, 2012 News Watch via COMTEX) -- Sysco has opened bullishly above the pivot of $27.81 today and has reached the first level of resistance at $27.93. Analysts will be watching for a cross of the next upside pivot targets of $28.11 and $28.41. Based on a current price of $28.30, Sysco is currently 0.1% above its average consensus analyst price ... (more)

WAG -2.29% PAYX +0.17% SYY -1% PSO -0.53% CCL +0.29% CUK +0.57% GPC +0.03% MCD +0.09% UPS -0.23% WPPGY +0.11% SPLS -0.33% TW +0% Large Capitalized Services Dividend Stocks With Highest Yield Researched By Dividend Yield - Stock, Capital, Investment .

SYY has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase cut their price target on shares of SYSCO from $33.00 to $31.00 in a research note to investors on Tuesday.

PetMed Express Inc. reported its results for the fourth quarter. Net income for PetMed Express Inc.

PG -0.16% SYY -0.71% CLX -0.09% PEP -0.27% VIAB -0.94% BCR -0.37% SPLS +0.94% Don Yacktman just reported his first quarter portfolio.

HOUSTON &#8212 Food distributor Sysco Corp. said Monday that rising food costs weighed on its fiscal third-quarter profit, which was flat despite an 8 percent increase in revenue.

Symbols : AFFY , AMCN , ANDE , AWR , BSFT , CAR , CCIX , CHDN , CKEC , CNK , DISH , DNDN , DTSI , EA , EPAY , HI , LOPE , LUFK , PETS , RAX , SIGA , SYY , TSN , TW , UFCS , WG , WYNN Tyson Foods Inc is expected to post its Q2 earnings at $0.39 per share on revenue of $8.47 billion.

Sysco Corporation today announced that it will webcast presentations from its Investor Day on Thursday, May 17, 2012 beginning at 8:30 a.m., Eastern.