2018 Q1 Sentiment for Sysco Corp (NYSE:SYY) at 0.8

June 27, 2018 - By Matthew Medley

Sysco Corporation (NYSE:SYY) Corporate Logo

Positions for Sysco Corp (NYSE:SYY)

In Q1 2018 Sysco Corp (NYSE:SYY) big money sentiment decreased to 0.8, SEC.gov filings reveal. That’s down -0.10, from 2017Q4’s 0.9. 334 investment managers started new or increased stock positions, while 420 decreased and sold their positions in Sysco Corp so the sentiment dropped. Funds own 408.53 million shares, up from 400.42 million shares in 2017Q4. Funds holding Sysco Corp in top 10 increased from 12 to 15 for an increase of 3. In total 57 funds closed positions, 363 reduced and 245 increased. Also 89 funds bought new Sysco Corp stakes.

Most Sysco Corp Investors

As of Q1 2018 Trian Fund Management L.P. has 27.12% invested in Sysco Corp. Sysco Corp’s shareholder Shayne & Co. Llc owns 346,745 shares as of Q1 2018. Yacktman Asset Management Lp reported 7.73 million shares. Delta Asset Management Llc Tn revealed 465,028 shares position in Sysco Corp. The Massachusetts-based fund Wilkins Investment Counsel Inc looks positive on Sysco Corp, having 197,675 shares.

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg.The company has $35.54 billion market cap. It operates through three divisions: U.S.28.3 is the P/E ratio. Foodservice Operations, International Foodservice Operations, and SYGMA.

SYY reached $68.21 during the last trading session after $0.02 change.Sysco Corporation has volume of 1.20 million shares. Since June 27, 2017 SYY has risen 19.79% and is uptrending. SYY outperformed the S&P500 by 7.22%.

Earnings report for Sysco Corporation (NYSE:SYY) is awaited on August, 13., Zacks reports. Last year’s EPS was $0.72, while now analysts expect change of 29.17 % up from current $0.93 EPS. If the current EPS of $0.93 is accurate, SYY’s profit could reach $484.52M. After $0.67 EPS was reported previous quarter, analysts now see EPS growth of 38.81 % for Sysco Corporation.

Ashford Capital invested in 9,940 shs or 0.09% of the stock. Symphony Asset Ltd invested in 0.1% or 13,553 shs. Kistler holds 2,952 shs. Sigma Planning Corp, a Michigan-based fund reported 33,771 shs. Trian Fund Ltd Partnership holds 27.12% or 44.84 million shs. Gemmer Asset Ltd Llc reported 439 shs. Hemenway Trust Company Ltd Company, a New Hampshire-based fund reported 11,802 shs. Dorsey And Whitney Ltd Liability Corporation reported 14,333 shs stake. Cambridge Advisors Incorporated invested 0.08% in Sysco Corporation (NYSE:SYY). Hanson Mcclain Incorporated reported 0.02% stake. Mirae Asset Invests Limited invested 0.02% in Sysco Corporation (NYSE:SYY). Susquehanna Int Group Inc Limited Liability Partnership owns 5,909 shs or 0% of their US capital. Beck Mack & Oliver Lc accumulated 275,022 shs. Kentucky Retirement Sys Insur Fund has invested 0.13% in Sysco Corporation (NYSE:SYY). Mariner Limited Liability invested in 28,463 shs or 0.06% of the stock.

Sysco Corporation had 18 selling transactions and 0 insider buys since January 2, 2018. This’s net activity of $318.78 million. Shurts Wayne sold $929,458 worth of stock or 15,275 shs. $702,026 worth of Sysco Corporation (NYSE:SYY) was sold by Goetz William W on Tuesday, January 16. The insider TILGHMAN RICHARD G sold $332,200. 2.28M shs were sold by Frank Joshua D., worth $150.74 million. Shares for $809,240 were sold by Libby Russell T.. On Tuesday, June 12 2.28 million shs were sold by PELTZ NELSON, worth $150.74 million.

Sysco Corporation (NYSE:SYY) Ratings Coverage

A total of 9 analysts rate Sysco (NYSE:SYY) as follows: 5 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 56% are bullish. The firm has $74.0 highest and $54.0 lowest target. The avg target $67.44 is -1.13% below the last ($68.21) price. (NYSE:SYY) has 13 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Tuesday, May 8 the stock of Sysco Corporation (NYSE:SYY) has “Equal-Weight” rating given by Morgan Stanley. On Tuesday, February 6 Bank of America maintained Sysco Corporation (NYSE:SYY) rating. Bank of America has “Buy” rating and $70 target. In Tuesday, May 8 report Credit Suisse maintained it with “Outperform” rating and $70 target. On Tuesday, February 6 Loop Capital maintained Sysco Corporation (NYSE:SYY) rating. Loop Capital has “Buy” rating and $70 target. The company rating was maintained by Citigroup on Tuesday, March 27. The company rating was maintained by Jefferies on Monday, February 5. On Monday, February 5 BMO Capital Markets maintained the shares of SYY in report with “Buy” rating. On Tuesday, June 19 the firm earned “Neutral” rating by Citigroup. On Tuesday, January 16 the rating was upgraded by Morgan Stanley to “Equal-Weight”. On Tuesday, January 23 BMO Capital Markets maintained the shares of SYY in report with “Buy” rating.

More recent Sysco Corporation (NYSE:SYY) news were released by Bizjournals.com, Seekingalpha.com and Globenewswire.com. The first one has “Study: These Houston companies rank among America’s most valuable brands” as a title and was released on June 21, 2018. The next is “Sysco: Wait For A Pullback” on June 22, 2018. And last was released on June 06, 2018, called “Sysco Announces Multi-Site Solar Garden Project in Texas”.

Sysco Corporation (NYSE:SYY) Institutional Investors Chart

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