SYSCO Corporation (SYY) : Transamerica Financial Advisors reduced its stake in SYSCO Corporation by 0.7% during the most recent quarter end. The investment management company now holds a total of 138,674 shares of SYSCO Corporation which is valued at $7,240,170 after selling 977 shares in SYSCO Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.SYSCO Corporation makes up approximately 0.72% of Transamerica Financial Advisors’s portfolio.
Other Hedge Funds, Including , Meiji Yasuda Life Insurance Co sold out all of its stake in SYY during the most recent quarter. The investment firm sold 4,900 shares of SYY which is valued $255,829. Pinebridge Investments added SYY to its portfolio by purchasing 5,937 company shares during the most recent quarter which is valued at $309,971. SYSCO Corporation makes up approx 0.02% of Pinebridge Investments’s portfolio.Nbt Bank N A Ny reduced its stake in SYY by selling 25 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 17,765 shares of SYY which is valued at $910,456. SYSCO Corporation makes up approx 0.15% of Nbt Bank N A Ny’s portfolio.I.g. Investment Management Ltd. reduced its stake in SYY by selling 286,672 shares or 40.62% in the most recent quarter. The Hedge Fund company now holds 419,134 shares of SYY which is valued at $21,480,618. SYSCO Corporation makes up approx 0.08% of I.g. Investment Management Ltd.’s portfolio.Lsv Asset Management reduced its stake in SYY by selling 37,900 shares or 96.93% in the most recent quarter. The Hedge Fund company now holds 1,200 shares of SYY which is valued at $61,500.
SYSCO Corporation opened for trading at $52.21 and hit $52.59 on the upside on Monday, eventually ending the session at $52.42, with a gain of 0.58% or 0.3 points. The heightened volatility saw the trading volume jump to 24,92,769 shares. Company has a market cap of $29,540 M.
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.