Alethea Capital Management adds SYSCO Corporation (SYY) to its portfolio

SYSCO Corporation (SYY) : Alethea Capital Management added new position in SYSCO Corporation during the most recent quarter end. The investment management firm now holds 57,328 shares of SYSCO Corporation which is valued at $2,874,999 , the company said in a statement filed on May 10, 2016 with the SEC.SYSCO Corporation makes up approximately 3.32% of Alethea Capital Management’s portfolio.

Other Hedge Funds, Including , Moors Cabot reduced its stake in SYY by selling 869 shares or 4.04% in the most recent quarter. The Hedge Fund company now holds 20,661 shares of SYY which is valued at $1,036,149. SYSCO Corporation makes up approx 0.19% of Moors Cabot’s portfolio. Timber Hill sold out all of its stake in SYY during the most recent quarter. The investment firm sold 57,392 shares of SYY which is valued $2,833,443. Quantitative Investment Management sold out all of its stake in SYY during the most recent quarter. The investment firm sold 99,200 shares of SYY which is valued $4,897,504. Cambridge Advisors added SYY to its portfolio by purchasing 4,335 company shares during the most recent quarter which is valued at $199,713. SYSCO Corporation makes up approx 0.09% of Cambridge Advisors’s portfolio.Davenport Co reduced its stake in SYY by selling 2,375 shares or 7.11% in the most recent quarter. The Hedge Fund company now holds 31,037 shares of SYY which is valued at $1,429,875. SYSCO Corporation makes up approx 0.02% of Davenport Co’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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