Cwm Lowers stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Cwm reduced its stake in SYSCO Corporation by 8.19% during the most recent quarter end. The investment management company now holds a total of 503,939 shares of SYSCO Corporation which is valued at $23,065,288 after selling 44,966 shares in SYSCO Corporation , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.SYSCO Corporation makes up approximately 1.99% of Cwm’s portfolio.

SYSCO Corporation opened for trading at $45.67 and hit $45.78 on the upside on Friday, eventually ending the session at $45.77, with a gain of 0.42% or 0.19 points. The heightened volatility saw the trading volume jump to 30,85,300 shares. Company has a market cap of $25,842 M.

Other Hedge Funds, Including , New York State Teachers Retirement System boosted its stake in SYY in the latest quarter, The investment management firm added 1,408 additional shares and now holds a total of 977,804 shares of SYSCO Corporation which is valued at $44,754,089. SYSCO Corporation makes up approx 0.12% of New York State Teachers Retirement System’s portfolio.Coastline Trust Co reduced its stake in SYY by selling 5,552 shares or 3.49% in the most recent quarter. The Hedge Fund company now holds 153,690 shares of SYY which is valued at $7,195,766. SYSCO Corporation makes up approx 1.52% of Coastline Trust Co’s portfolio.W.g. Shaheen Associates Dba Whitney Co reduced its stake in SYY by selling 1,687 shares or 8.53% in the most recent quarter. The Hedge Fund company now holds 18,100 shares of SYY which is valued at $847,442. SYSCO Corporation makes up approx 0.36% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Rathbone Brothers Plc reduced its stake in SYY by selling 150 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 44,282 shares of SYY which is valued at $2,068,412. SYSCO Corporation makes up approx 0.13% of Rathbone Brothers Plc’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 (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 Company’s other segments include its specialty produce custom-cut meat and lodging industry products segments.

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