SYSCO Corporation (SYY) : Godshalk Welsh Capital Management reduced its stake in SYSCO Corporation by 0.3% during the most recent quarter end. The investment management company now holds a total of 33,170 shares of SYSCO Corporation which is valued at $1.7 Million after selling 100 shares in SYSCO Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.SYSCO Corporation makes up approximately 1.75% of Godshalk Welsh Capital Management’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SYY in the latest quarter, The investment management firm added 6,118,700 additional shares and now holds a total of 36,465,642 shares of SYSCO Corporation which is valued at $1,828.8 Million. SYSCO Corporation makes up approx 0.12% of Vanguard Group Inc’s portfolio.Rand Wealth reduced its stake in SYY by selling 1,550 shares or 12.94% in the most recent quarter. The Hedge Fund company now holds 10,425 shares of SYY which is valued at $480,280. SYSCO Corporation makes up approx 0.07% of Rand Wealth’s portfolio.Pitcairn Co boosted its stake in SYY in the latest quarter, The investment management firm added 1,056 additional shares and now holds a total of 13,517 shares of SYSCO Corporation which is valued at $622,728. SYSCO Corporation makes up approx 0.08% of Pitcairn Co’s portfolio.
SYSCO Corporation closed down -0.12 points or -0.25% at $48.59 with 39,48,428 shares getting traded on Wednesday. Post opening the session at $48.75, the shares hit an intraday low of $48.55 and an intraday high of $48.82 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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 Companys other segments include its specialty produce custom-cut meat and lodging industry products segments.