SYSCO Corporation (SYY) : Dt Investment Partners reduced its stake in SYSCO Corporation by 15.92% during the most recent quarter end. The investment management company now holds a total of 25,439 shares of SYSCO Corporation which is valued at $1,255,923 after selling 4,816 shares in SYSCO Corporation , the firm said in a disclosure report filed with the SEC on May 2, 2016.SYSCO Corporation makes up approximately 0.35% of Dt Investment Partners’s portfolio.
SYSCO Corporation opened for trading at $48.91 and hit $49.49 on the upside on Friday, eventually ending the session at $49.37, with a gain of 1.02% or 0.5 points. The heightened volatility saw the trading volume jump to 41,07,714 shares. Company has a market cap of $27,821 M.
Other Hedge Funds, Including , Bartlett reduced its stake in SYY by selling 780 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 133,261 shares of SYY which is valued at $6,579,096. SYSCO Corporation makes up approx 0.33% of Bartlett’s portfolio.Saratoga Research Investment Management boosted its stake in SYY in the latest quarter, The investment management firm added 16,869 additional shares and now holds a total of 831,819 shares of SYSCO Corporation which is valued at $38,321,901. SYSCO Corporation makes up approx 3.42% of Saratoga Research Investment Management’s portfolio. Quantitative Systematic Strategies added SYY to its portfolio by purchasing 35,469 company shares during the most recent quarter which is valued at $1,623,416. SYSCO Corporation makes up approx 0.61% of Quantitative Systematic Strategies’s portfolio.Cornerstone Advisors boosted its stake in SYY in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 315 shares of SYSCO Corporation which is valued at $14,418. SYSCO Corporation makes up approx 0.01% of Cornerstone Advisors’s portfolio.Next Financial Group Inc reduced its stake in SYY by selling 304 shares or 5.01% in the most recent quarter. The Hedge Fund company now holds 5,768 shares of SYY which is valued at $264,001. SYSCO Corporation makes up approx 0.09% of Next Financial Group Inc’s portfolio.
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.
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 (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 Companys other segments include its specialty produce custom-cut meat and lodging industry products segments.