Rational Advisors adds SYSCO Corporation (SYY) to its portfolio

SYSCO Corporation (SYY) : Rational Advisors added new position in SYSCO Corporation during the most recent quarter end. The investment management firm now holds 40,750 shares of SYSCO Corporation which is valued at $2,127,558 , the company said in a statement filed on Aug 10, 2016 with the SEC.SYSCO Corporation makes up approximately 1.46% of Rational Advisors’s portfolio.

Other Hedge Funds, Including , Parsons Capital Management Incri reduced its stake in SYY by selling 1,150 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 29,936 shares of SYY which is valued at $1,562,959. SYSCO Corporation makes up approx 0.21% of Parsons Capital Management Incri’s portfolio.First Niagara Bank reduced its stake in SYY by selling 975 shares or 7.37% in the most recent quarter. The Hedge Fund company now holds 12,263 shares of SYY which is valued at $632,526. SYSCO Corporation makes up approx 0.18% of First Niagara Bank’s portfolio.Private Bank Trust Co reduced its stake in SYY by selling 643 shares or 3.0% in the most recent quarter. The Hedge Fund company now holds 20,780 shares of SYY which is valued at $1,079,729. SYSCO Corporation makes up approx 0.16% of Private Bank Trust Co’s portfolio.

SYSCO Corporation opened for trading at $52.23 and hit $52.53 on the upside on Friday, eventually ending the session at $52.48, with a gain of 0.04% or 0.02 points. The heightened volatility saw the trading volume jump to 32,18,608 shares. Company has a market cap of $29,573 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 Company’s other segments include its specialty produce custom-cut meat and lodging industry products segments.

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