Advisors Management Group Inc Adv buys $3.3 Million stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Advisors Management Group Inc Adv scooped up 107 additional shares in SYSCO Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 64,963 shares of SYSCO Corporation which is valued at $3.3 Million.SYSCO Corporation makes up approximately 2.37% of Advisors Management Group Inc Adv’s portfolio.

Other Hedge Funds, Including , Ipswich Investment Management added SYY to its portfolio by purchasing 3,584 company shares during the most recent quarter which is valued at $179,738. SYSCO Corporation makes up approx 0.09% of Ipswich Investment Management’s portfolio.Goelzer Investment Management boosted its stake in SYY in the latest quarter, The investment management firm added 5,267 additional shares and now holds a total of 125,492 shares of SYSCO Corporation which is valued at $6.2 Million. SYSCO Corporation makes up approx 0.89% of Goelzer Investment Management’s portfolio.Bank Of The West reduced its stake in SYY by selling 544 shares or 3.6% in the most recent quarter. The Hedge Fund company now holds 14,577 shares of SYY which is valued at $719,666. SYSCO Corporation makes up approx 0.10% of Bank Of The West’s portfolio.Aperio Group boosted its stake in SYY in the latest quarter, The investment management firm added 38,232 additional shares and now holds a total of 394,497 shares of SYSCO Corporation which is valued at $18.2 Million. SYSCO Corporation makes up approx 0.15% of Aperio Group’s portfolio.Newsquare Capital reduced its stake in SYY by selling 3,936 shares or 16.61% in the most recent quarter. The Hedge Fund company now holds 19,760 shares of SYY which is valued at $910,343. SYSCO Corporation makes up approx 0.26% of Newsquare Capital’s portfolio.

SYSCO Corporation opened for trading at $50.11 and hit $50.5 on the upside on Monday, eventually ending the session at $50.21, with a gain of 0.12% or 0.06 points. The heightened volatility saw the trading volume jump to 23,10,660 shares. Company has a market cap of $28,294 M.

On the company’s financial health, SYSCO Corporation reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.42. The company had revenue of $12002.00 million for the quarter, compared to analysts expectations of $11866.48 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

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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