Cwa Asset Management Group buys $1,926,340 stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Cwa Asset Management Group scooped up 5,142 additional shares in SYSCO Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 36,896 shares of SYSCO Corporation which is valued at $1,926,340.SYSCO Corporation makes up approximately 1.12% of Cwa Asset Management Group’s portfolio.

Other Hedge Funds, Including , Bridgeway Capital Management Inc boosted its stake in SYY in the latest quarter, The investment management firm added 54,800 additional shares and now holds a total of 845,237 shares of SYSCO Corporation which is valued at $44,129,824. SYSCO Corporation makes up approx 0.66% of Bridgeway Capital Management Inc’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in SYY in the latest quarter, The investment management firm added 2,996 additional shares and now holds a total of 41,961 shares of SYSCO Corporation which is valued at $2,190,784. SYSCO Corporation makes up approx 0.04% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Rhumbline Advisers reduced its stake in SYY by selling 6,301 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 907,996 shares of SYY which is valued at $47,406,471. SYSCO Corporation makes up approx 0.13% of Rhumbline Advisers’s portfolio.Daiwa Securities Group boosted its stake in SYY in the latest quarter, The investment management firm added 66,700 additional shares and now holds a total of 85,100 shares of SYSCO Corporation which is valued at $4,389,458. SYSCO Corporation makes up approx 0.03% of Daiwa Securities Group’s portfolio.Eagle Asset Management Inc boosted its stake in SYY in the latest quarter, The investment management firm added 95,309 additional shares and now holds a total of 1,767,902 shares of SYSCO Corporation which is valued at $91,595,003. SYSCO Corporation makes up approx 0.61% of Eagle Asset Management Inc’s portfolio.

SYSCO Corporation opened for trading at $51.99 and hit $52.06 on the upside on Thursday, eventually ending the session at $52.06, with a gain of 0.39% or 0.2 points. The heightened volatility saw the trading volume jump to 41,86,701 shares. Company has a market cap of $28,900 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.

Investors should note that on Aug 26, 2016, SYSCO Corporation announced a cash dividend of $0.3100. The company’s management has announced Oct 5, 2016 as the ex-dividend date and fixed the record date on Oct 7, 2016. The payable date has been fixed on Oct 28, 2016.

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.

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.