SYSCO Corporation (SYY) : Ironwood Investment Counsel scooped up 10,017 additional shares in SYSCO Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 105,394 shares of SYSCO Corporation which is valued at $5.3 Million.SYSCO Corporation makes up approximately 2.76% of Ironwood Investment Counsel’s portfolio.
Other Hedge Funds, Including , Peregrine Asset Advisers added SYY to its portfolio by purchasing 4,600 company shares during the most recent quarter which is valued at $230,690. SYSCO Corporation makes up approx 0.17% of Peregrine Asset Advisers’s portfolio.Cannell Peter B Co Inc reduced its stake in SYY by selling 168,650 shares or 62.24% in the most recent quarter. The Hedge Fund company now holds 102,333 shares of SYY which is valued at $5.1 Million. SYSCO Corporation makes up approx 0.19% of Cannell Peter B Co Inc’s portfolio.Neuberger Berman Group boosted its stake in SYY in the latest quarter, The investment management firm added 7,632 additional shares and now holds a total of 116,803 shares of SYSCO Corporation which is valued at $5.8 Million. SYSCO Corporation makes up approx 0.01% of Neuberger Berman Group’s portfolio.State Of Wisconsin Investment Board boosted its stake in SYY in the latest quarter, The investment management firm added 74,840 additional shares and now holds a total of 497,304 shares of SYSCO Corporation which is valued at $24.6 Million. SYSCO Corporation makes up approx 0.10% of State Of Wisconsin Investment Board’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.
Investors should note that on May 20, 2016, SYSCO Corporation announced a cash dividend of $0.3100. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 22, 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 Companys other segments include its specialty produce custom-cut meat and lodging industry products segments.