Richard C. Young Ltd. Lowers stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Richard C. Young Ltd. reduced its stake in SYSCO Corporation by 2.52% during the most recent quarter end. The investment management company now holds a total of 219,045 shares of SYSCO Corporation which is valued at $11,436,339 after selling 5,664 shares in SYSCO Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.SYSCO Corporation makes up approximately 2.47% of Richard C. Young Ltd.’s portfolio.

Other Hedge Funds, Including , Public Sector Pension Investment Board boosted its stake in SYY in the latest quarter, The investment management firm added 14,800 additional shares and now holds a total of 99,338 shares of SYSCO Corporation which is valued at $5,186,437. SYSCO Corporation makes up approx 0.06% of Public Sector Pension Investment Board’s portfolio.Dimensional Fund Advisors Lp boosted its stake in SYY in the latest quarter, The investment management firm added 29,108 additional shares and now holds a total of 1,094,625 shares of SYSCO Corporation which is valued at $56,055,746. SYSCO Corporation makes up approx 0.03% of Dimensional Fund Advisors Lp’s portfolio.Sg Americas Securities reduced its stake in SYY by selling 20,649 shares or 12.59% in the most recent quarter. The Hedge Fund company now holds 143,308 shares of SYY which is valued at $7,356,000. SYSCO Corporation makes up approx 0.06% of Sg Americas Securities’s portfolio.Cadence Capital Management reduced its stake in SYY by selling 11,410 shares or 10.3% in the most recent quarter. The Hedge Fund company now holds 99,350 shares of SYY which is valued at $5,099,636. SYSCO Corporation makes up approx 0.37% of Cadence Capital Management’s portfolio.Papp L Roy Associates reduced its stake in SYY by selling 100 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 38,533 shares of SYY which is valued at $1,987,532. SYSCO Corporation makes up approx 0.45% of Papp L Roy Associates’s portfolio.

SYSCO Corporation closed down -0.15 points or -0.28% at $52.77 with 22,72,881 shares getting traded on Tuesday. Post opening the session at $53, the shares hit an intraday low of $52.735 and an intraday high of $53.2 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.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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