Butensky Cohen Financial Security Inc Lowers stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Butensky Cohen Financial Security Inc reduced its stake in SYSCO Corporation by 13.99% during the most recent quarter end. The investment management company now holds a total of 40,176 shares of SYSCO Corporation which is valued at $2,072,278 after selling 6,535 shares in SYSCO Corporation , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.SYSCO Corporation makes up approximately 2.01% of Butensky Cohen Financial Security Inc’s portfolio.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in SYY by selling 700 shares or 1.99% in the most recent quarter. The Hedge Fund company now holds 34,400 shares of SYY which is valued at $1,774,352. SYSCO Corporation makes up approx 0.09% of Louisiana State Employees Retirement System’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in SYY in the latest quarter, The investment management firm added 606,991 additional shares and now holds a total of 1,129,704 shares of SYSCO Corporation which is valued at $58,846,281. SYSCO Corporation makes up approx 0.43% of Robeco Institutional Asset Management B.v.’s portfolio. Alethea Capital Management sold out all of its stake in SYY during the most recent quarter. The investment firm sold 57,328 shares of SYY which is valued $2,986,216.Cibc World Markets reduced its stake in SYY by selling 24,507 shares or 60.37% in the most recent quarter. The Hedge Fund company now holds 16,085 shares of SYY which is valued at $837,868.Coastline Trust Co reduced its stake in SYY by selling 4,765 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 148,925 shares of SYY which is valued at $7,715,804. SYSCO Corporation makes up approx 1.53% of Coastline Trust Co’s portfolio.

SYSCO Corporation closed down -0.04 points or -0.08% at $51.79 with 35,21,386 shares getting traded on Friday. Post opening the session at $51.65, the shares hit an intraday low of $51.48 and an intraday high of $51.98 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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