Jnba Financial Advisors Lowers stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Jnba Financial Advisors reduced its stake in SYSCO Corporation by 24.75% during the most recent quarter end. The investment management company now holds a total of 1,672 shares of SYSCO Corporation which is valued at $76,527 after selling 550 shares in SYSCO Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.SYSCO Corporation makes up approximately 0.03% of Jnba Financial Advisors’s portfolio.

SYSCO Corporation opened for trading at $46.42 and hit $46.68 on the upside on Wednesday, eventually ending the session at $46.41, with a gain of 0.24% or 0.11 points. The heightened volatility saw the trading volume jump to 23,84,832 shares. Company has a market cap of $26,203 M.

Other Hedge Funds, Including , Dumont Blake Investment Advisors reduced its stake in SYY by selling 625 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 31,360 shares of SYY which is valued at $1,435,347. SYSCO Corporation makes up approx 0.74% of Dumont Blake Investment Advisors’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in SYY by selling 1,246 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 81,799 shares of SYY which is valued at $3,829,829. SYSCO Corporation makes up approx 0.76% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Benjamin F. Edwards Company reduced its stake in SYY by selling 1,910 shares or 19.2% in the most recent quarter. The Hedge Fund company now holds 8,036 shares of SYY which is valued at $376,246. SYSCO Corporation makes up approx 0.08% of Benjamin F. Edwards Company’s portfolio.Atlas Browninc. boosted its stake in SYY in the latest quarter, The investment management firm added 510 additional shares and now holds a total of 6,346 shares of SYSCO Corporation which is valued at $297,120. SYSCO Corporation makes up approx 0.13% of Atlas Browninc.’s portfolio.First Premier Bank boosted its stake in SYY in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 8,458 shares of SYSCO Corporation which is valued at $395,073. SYSCO Corporation makes up approx 0.32% of First Premier Bank’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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