Catawba Capital Management Va buys $3,204,442 stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Catawba Capital Management Va scooped up 100 additional shares in SYSCO Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 66,662 shares of SYSCO Corporation which is valued at $3,204,442.SYSCO Corporation makes up approximately 0.77% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in SYY by selling 2,450 shares or 11.89% in the most recent quarter. The Hedge Fund company now holds 18,150 shares of SYY which is valued at $872,471. SYSCO Corporation makes up approx 0.12% of First Mercantile Trust Co’s portfolio.Independent Portfolio Consultants reduced its stake in SYY by selling 955 shares or 78.93% in the most recent quarter. The Hedge Fund company now holds 255 shares of SYY which is valued at $12,181.Summit Financial Wealth Advisors reduced its stake in SYY by selling 18,775 shares or 15.7% in the most recent quarter. The Hedge Fund company now holds 100,805 shares of SYY which is valued at $4,815,455. SYSCO Corporation makes up approx 2.11% of Summit Financial Wealth Advisors’s portfolio. Eqis Capital Management added SYY to its portfolio by purchasing 5,866 company shares during the most recent quarter which is valued at $280,219. SYSCO Corporation makes up approx 0.02% of Eqis Capital Management’s portfolio.Beacon Financial Group reduced its stake in SYY by selling 500 shares or 4.92% in the most recent quarter. The Hedge Fund company now holds 9,664 shares of SYY which is valued at $461,649. SYSCO Corporation makes up approx 0.10% of Beacon Financial Group’s portfolio.

SYSCO Corporation closed down -0.21 points or -0.43% at $48.07 with 28,58,730 shares getting traded on Friday. Post opening the session at $48.34, the shares hit an intraday low of $47.87 and an intraday high of $48.39 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 $0.64 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.

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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