SYSCO Corporation (SYY) : Assetmark Inc scooped up 22,613 additional shares in SYSCO Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 200,092 shares of SYSCO Corporation which is valued at $10,356,762.SYSCO Corporation makes up approximately 0.17% of Assetmark Inc’s portfolio.
Other Hedge Funds, Including , Marble Harbor Investment Counsel reduced its stake in SYY by selling 30 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 4,880 shares of SYY which is valued at $252,589. SYSCO Corporation makes up approx 0.06% of Marble Harbor Investment Counsel’s portfolio.Saratoga Research Investment Management reduced its stake in SYY by selling 233,756 shares or 28.1% in the most recent quarter. The Hedge Fund company now holds 598,063 shares of SYY which is valued at $30,973,683. SYSCO Corporation makes up approx 2.68% of Saratoga Research Investment Management’s portfolio.Whittier Trust Co reduced its stake in SYY by selling 4,330 shares or 20.94% in the most recent quarter. The Hedge Fund company now holds 16,350 shares of SYY which is valued at $846,767. SYSCO Corporation makes up approx 0.04% of Whittier Trust Co’s portfolio.
SYSCO Corporation closed down -0.03 points or -0.06% at $52.18 with 85,73,434 shares getting traded on Monday. Post opening the session at $53.64, the shares hit an intraday low of $51.78 and an intraday high of $53.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, SYSCO Corporation reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 15, 2016. Analyst had a consensus of $0.60. The company had revenue of $13648.00 million for the quarter, compared to analysts expectations of $13677.60 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on SYSCO Corporation. Deutsche Bank Resumed SYSCO Corporation on Jul 18, 2016 to “Hold”, Price Target of the shares are set at $52.BofA/Merrill Initiated SYSCO Corporation on Jun 20, 2016 to “Neutral”, Price Target of the shares are set at $52.
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.