Investment Counsel buys $2,414,709 stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Investment Counsel scooped up 2,800 additional shares in SYSCO Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 46,607 shares of SYSCO Corporation which is valued at $2,414,709.SYSCO Corporation makes up approximately 1.90% of Investment Counsel’s portfolio.

Other Hedge Funds, Including , Leavell Investment Management boosted its stake in SYY in the latest quarter, The investment management firm added 820 additional shares and now holds a total of 5,347 shares of SYSCO Corporation which is valued at $277,028. SYSCO Corporation makes up approx 0.04% of Leavell Investment Management’s portfolio.Jacobs Coca reduced its stake in SYY by selling 531 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 119,876 shares of SYY which is valued at $6,237,148. SYSCO Corporation makes up approx 1.43% of Jacobs Coca’s portfolio.Alpha Windward reduced its stake in SYY by selling 396 shares or 8.51% in the most recent quarter. The Hedge Fund company now holds 4,257 shares of SYY which is valued at $219,619. SYSCO Corporation makes up approx 0.16% of Alpha Windward’s portfolio.Next Financial Group Inc boosted its stake in SYY in the latest quarter, The investment management firm added 2,975 additional shares and now holds a total of 8,743 shares of SYSCO Corporation which is valued at $451,051. SYSCO Corporation makes up approx 0.14% of Next Financial Group Inc’s portfolio.Integrated Investment Consultants boosted its stake in SYY in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 2,950 shares of SYSCO Corporation which is valued at $151,040. SYSCO Corporation makes up approx 0.08% of Integrated Investment Consultants’s portfolio.

SYSCO Corporation closed down -0.34 points or -0.65% at $51.81 with 25,45,577 shares getting traded on Wednesday. Post opening the session at $52.21, the shares hit an intraday low of $51.81 and an intraday high of $52.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *