SYSCO Corporation (SYY) : Keystone Financial Planning reduced its stake in SYSCO Corporation by 61.74% during the most recent quarter end. The investment management company now holds a total of 18,480 shares of SYSCO Corporation which is valued at $863,201 after selling 29,823 shares in SYSCO Corporation according to a report filed by the company on Apr 5, 2016 with the SEC.SYSCO Corporation makes up approximately 0.62% of Keystone Financial Planning’s portfolio.
Other Hedge Funds, Including , Lvm Capital Management Ltdmi reduced its stake in SYY by selling 4,000 shares or 23.87% in the most recent quarter. The Hedge Fund company now holds 12,759 shares of SYY which is valued at $595,973. SYSCO Corporation makes up approx 0.19% of Lvm Capital Management Ltdmi’s portfolio.Beacon Financial Group reduced its stake in SYY by selling 37,875 shares or 78.01% in the most recent quarter. The Hedge Fund company now holds 10,679 shares of SYY which is valued at $502,767. SYSCO Corporation makes up approx 0.11% of Beacon Financial Group’s portfolio.
On the company’s financial health, SYSCO Corporation reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 1, 2016. Analyst had a consensus of $0.41. The company had revenue of $12153.63 million for the quarter, compared to analysts expectations of $12123.58 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on SYSCO Corporation. Argus Upgraded SYSCO Corporation on Feb 5, 2016 to ” Buy”, Price Target of the shares are set at $50.SYSCO Corporation was Downgraded by Morgan Stanley to ” Underweight” on Feb 2, 2016.
SYSCO Corporation closed down -0.23 points or -0.49% at $46.71 with 23,55,425 shares getting traded on Monday. Post opening the session at $47, the shares hit an intraday low of $46.695 and an intraday high of $47.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Sysco Corporation (Sysco) 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 provides products and related services to approximately 425000 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 Company has aggregated its operating companies into a number of segments of which only Broadline and SYGMA are the main segments. 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. The Companys other segments include its specialty produce custom-cut meat and lodging industry products segments.