Kernodle Katon Asset Management Group buys $613,385 stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Kernodle Katon Asset Management Group scooped up 8,837 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 12,231 shares of SYSCO Corporation which is valued at $613,385.SYSCO Corporation makes up approximately 0.58% of Kernodle Katon Asset Management Group’s portfolio.

Other Hedge Funds, Including , Azimuth Capital Management boosted its stake in SYY in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 19,225 shares of SYSCO Corporation which is valued at $964,134. SYSCO Corporation makes up approx 0.09% of Azimuth Capital Management’s portfolio.Kcm Investment Advisors boosted its stake in SYY in the latest quarter, The investment management firm added 1,625 additional shares and now holds a total of 14,576 shares of SYSCO Corporation which is valued at $730,986. SYSCO Corporation makes up approx 0.05% of Kcm Investment Advisors’s portfolio.Columbia Partners L L C Investment Management boosted its stake in SYY in the latest quarter, The investment management firm added 640 additional shares and now holds a total of 10,550 shares of SYSCO Corporation which is valued at $529,083. SYSCO Corporation makes up approx 0.04% of Columbia Partners L L C Investment Management’s portfolio.Tirschwell Loewy Inc reduced its stake in SYY by selling 6,740 shares or 14.69% in the most recent quarter. The Hedge Fund company now holds 39,138 shares of SYY which is valued at $1.8 Million. SYSCO Corporation makes up approx 0.31% of Tirschwell Loewy Inc’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.

Leave a Reply

SYSCO Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on SYSCO Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.