SYSCO Corporation (SYY) : Bryn Mawr Trust Co reduced its stake in SYSCO Corporation by 1.24% during the most recent quarter end. The investment management company now holds a total of 351,296 shares of SYSCO Corporation which is valued at $18,341,164 after selling 4,424 shares in SYSCO Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.SYSCO Corporation makes up approximately 1.13% of Bryn Mawr Trust Co’s portfolio.
Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in SYY in the latest quarter, The investment management firm added 134,342 additional shares and now holds a total of 4,272,824 shares of SYSCO Corporation which is valued at $223,084,141. SYSCO Corporation makes up approx 0.11% of Blackrock Group Ltd’s portfolio.Acrospire Investment Management reduced its stake in SYY by selling 300 shares or 23.08% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of SYY which is valued at $51,210. SYSCO Corporation makes up approx 0.04% of Acrospire Investment Management’s portfolio.Twin Capital Management Inc boosted its stake in SYY in the latest quarter, The investment management firm added 57,415 additional shares and now holds a total of 147,705 shares of SYSCO Corporation which is valued at $7,645,211. SYSCO Corporation makes up approx 0.55% of Twin Capital Management Inc’s portfolio.Sabal Trust Co boosted its stake in SYY in the latest quarter, The investment management firm added 9,269 additional shares and now holds a total of 465,104 shares of SYSCO Corporation which is valued at $24,087,736. SYSCO Corporation makes up approx 2.73% of Sabal 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 Companys other segments include its specialty produce custom-cut meat and lodging industry products segments.