Schaper Benz Wise Investment Counsel Incwi Lowers stake in SYSCO CORP COM (SYY)

SYSCO CORP COM (SYY) : Schaper Benz Wise Investment Counsel Incwi reduced its stake in SYSCO CORP COM by 0.3% during the most recent quarter end. The investment management company now holds a total of 353,636 shares of SYSCO CORP COM which is valued at $16,185,920 after selling 1,050 shares in SYSCO CORP COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.SYSCO CORP COM makes up approximately 2.99% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.

SYSCO CORP COM 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 , Woodley Farra Manion Portfolio Management Inc boosted its stake in SYY in the latest quarter, The investment management firm added 8,900 additional shares and now holds a total of 63,824 shares of SYSCO CORP COM which is valued at $2,921,224. SYSCO CORP COM makes up approx 0.48% of Woodley Farra Manion Portfolio Management Inc’s portfolio.Eastern Bank boosted its stake in SYY in the latest quarter, The investment management firm added 73 additional shares and now holds a total of 70,365 shares of SYSCO CORP COM which is valued at $3,294,489. SYSCO CORP COM makes up approx 0.27% of Eastern Bank’s portfolio.Lynch Associatesin boosted its stake in SYY in the latest quarter, The investment management firm added 3,670 additional shares and now holds a total of 52,123 shares of SYSCO CORP COM which is valued at $2,440,399. SYSCO CORP COM makes up approx 1.15% of Lynch Associatesin’s portfolio.Iowa State Bank reduced its stake in SYY by selling 245 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 97,220 shares of SYY which is valued at $4,541,146. SYSCO CORP COM makes up approx 2.58% of Iowa State Bank’s portfolio.

On the company’s financial health, SYSCO CORP COM 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 CORP COM. Argus Upgraded SYSCO CORP COM on Feb 5, 2016 to ” Buy”, Price Target of the shares are set at $50.SYSCO CORP COM 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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