Schaper Benz Wise Investment Counsel Incwi Lowers stake in SYSCO Corporation (SYY)

SYSCO Corporation (SYY) : Schaper Benz Wise Investment Counsel Incwi reduced its stake in SYSCO Corporation by 2.64% during the most recent quarter end. The investment management company now holds a total of 344,306 shares of SYSCO Corporation which is valued at $17,673,227 after selling 9,330 shares in SYSCO Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.SYSCO Corporation makes up approximately 3.11% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in SYY in the latest quarter, The investment management firm added 72,680 additional shares and now holds a total of 126,953 shares of SYSCO Corporation which is valued at $6,516,497. SYSCO Corporation makes up approx 0.05% of Cibc Asset Management Inc’s portfolio.Mu Investments Ltd. reduced its stake in SYY by selling 3,400 shares or 43.59% in the most recent quarter. The Hedge Fund company now holds 4,400 shares of SYY which is valued at $226,952. SYSCO Corporation makes up approx 0.15% of Mu Investments Ltd.’s portfolio.State Of Alaska Department Of Revenue boosted its stake in SYY in the latest quarter, The investment management firm added 15,247 additional shares and now holds a total of 231,143 shares of SYSCO Corporation which is valued at $11,975,519. SYSCO Corporation makes up approx 1.23% of State Of Alaska Department Of Revenue’s portfolio.Benjamin F. Edwards Company reduced its stake in SYY by selling 334 shares or 4.16% in the most recent quarter. The Hedge Fund company now holds 7,702 shares of SYY which is valued at $400,735. SYSCO Corporation makes up approx 0.08% of Benjamin F. Edwards Company’s portfolio.Chevy Chase Trust Holdings boosted its stake in SYY in the latest quarter, The investment management firm added 4,851 additional shares and now holds a total of 454,695 shares of SYSCO Corporation which is valued at $23,457,715. SYSCO Corporation makes up approx 0.13% of Chevy Chase Trust Holdings’s portfolio.

SYSCO Corporation closed down -0.04 points or -0.08% at $51.21 with 24,76,864 shares getting traded on Monday. Post opening the session at $51.3, the shares hit an intraday low of $51.18 and an intraday high of $51.5 and the price fluctuated in this range throughout the day.Shares ended Monday 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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