Wheatland Advisors Inc buys $981,840 stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Wheatland Advisors Inc scooped up 2 additional shares in SYSCO Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 19,128 shares of SYSCO Corporation which is valued at $981,840.SYSCO Corporation makes up approximately 0.51% of Wheatland Advisors Inc’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk boosted its stake in SYY in the latest quarter, The investment management firm added 9,916 additional shares and now holds a total of 328,774 shares of SYSCO Corporation which is valued at $16,875,969. SYSCO Corporation makes up approx 0.06% of Aberdeen Asset Management Plcuk’s portfolio.Essex Financial Services reduced its stake in SYY by selling 515 shares or 4.84% in the most recent quarter. The Hedge Fund company now holds 10,125 shares of SYY which is valued at $524,374. SYSCO Corporation makes up approx 0.12% of Essex Financial Services’s portfolio.Advisory Services Network reduced its stake in SYY by selling 9,333 shares or 31.9% in the most recent quarter. The Hedge Fund company now holds 19,920 shares of SYY which is valued at $1,027,474. SYSCO Corporation makes up approx 0.23% of Advisory Services Network’s portfolio.Goelzer Investment Management reduced its stake in SYY by selling 2,212 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 123,280 shares of SYY which is valued at $6,421,655. SYSCO Corporation makes up approx 0.85% of Goelzer Investment Management’s portfolio.Curbstone Financial Management Corp reduced its stake in SYY by selling 700 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 32,860 shares of SYY which is valued at $1,695,247. SYSCO Corporation makes up approx 0.56% of Curbstone Financial Management Corp’s portfolio.

SYSCO Corporation opened for trading at $51.24 and hit $51.75 on the upside on Thursday, eventually ending the session at $51.5, with a gain of 0.33% or 0.17 points. The heightened volatility saw the trading volume jump to 33,67,854 shares. Company has a market cap of $29,021 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.

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 Company’s other segments include its specialty produce custom-cut meat and lodging industry products segments.

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