Economy

The Dumont & Blake Investment Advisors LLC Cuts Stake in Sysco Corporation (SYY)

Fs Invt Corp now has $2.04B valuation. The stock decreased 1.69% or $0.76 on September 1, reaching $44.09. It also increased its holding in Procter And Gamble Co (NYSE:PG) by 66,507 shares in the quarter, for a total of 1.26 million shares, and has risen its stake in Pfizer Inc (NYSE:PFE). Cerus Corporation (NASDAQ:CERS) has declined 40.83% since September 4, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. Capital Investment Advisors Llc bought 13,470 shares as the company's stock rose 4.26% with the market. The Raymond James & Associates holds 950,858 shares with $52.65M value, up from 93,400 last quarter. The stock has a market capitalization of $28.08 billion, a price-to-earnings ratio of 25.47 and a beta of 0.52.

The stock increased 0.12% or $0.02 on September 1, reaching $20.07.

New Mexico Educational Retirement Board lessened its stake in shares of Sysco Corporation (NYSE:SYY) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. It has underperformed by 5.47% the S&P500.

SYSCO (NYSE:SYY) last posted its quarterly earnings results on Monday, August 14th. Bank of America Corporation reissued a "buy" rating and issued a $61.00 price objective on shares of Sysco Corporation in a report on Monday, June 26th. BTIG Research maintained the shares of CERS in report on Wednesday, August 19 with "Buy" rating. The company was downgraded on Tuesday, August 11 by Zacks.

Capital Investment Advisors Llc, which manages about $1.19B US Long portfolio, decreased its stake in Omnicom (NYSE:OMC) by 21,467 shares to 7,196 shares, valued at $612,000 in 2016Q4, according to the filing. (NYSE:COF) by 24,985 shares in the quarter, leaving it with 140,410 shares, and cut its stake in Morgan Stanley (NYSE:MS). Simon Property Group Inc New (NYSE:SPG) was reduced too.

Investors sentiment decreased to 0.74 in 2016 Q4. Its up 0.08, from 0.79 in 2016Q3. 10 funds opened positions while 10 raised stakes. Millennium Limited Liability Company invested 0% of its portfolio in Cerus Corporation (NASDAQ:CERS). Sumitomo Mitsui Asset Mngmt Com Ltd reported 39,184 shares. Summit Wealth Advisors Ltd Liability Co accumulated 89,800 shares. Dnb Asset Management As accumulated 59,158 shares. Pennsylvania-based Commonwealth Of Pennsylvania Public School Empls Retrmt Systems has invested 0.03% in SYSCO Corporation (NYSE:SYY). Meiji Yasuda Life Insurance holds 56,934 shares or 0.74% of its portfolio. Parkwood Ltd Liability owns 0.58% invested in SYSCO Corporation (NYSE:SYY) for 68,123 shares. Orrstown Services reported 86 shares stake.

Eaton Vance Management decreased American Express Co Com (AXP) stake by 0.73% reported in 2016Q4 SEC filing. Exxonmobil Mgmt Tx owns 116,469 shares for 0.14% of their portfolio. Following the transaction, the chief executive officer now owns 406,725 shares in the company, valued at $20,303,712. 198 are owned by Magee Thomson Invest Ptnrs Ltd Liability.

Since March 15, 2017, it had 1 insider purchase, and 6 selling transactions for $7.24 million activity. Over the last ninety days, insiders sold 160,200 shares of company stock valued at $8,397,012. $36,990 worth of stock was sold by Greenman William Mariner on Friday, March 10. Boratto Eva C sold 6,029 shares worth $479,908. Green Kevin Dennis sold $9,864 worth of stock or 2,343 shares. Its down 0.24, from 0.98 in 2016Q3. It improved, as 53 investors sold SYY shares while 384 reduced holdings.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYY. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Vanguard Group Inc. now owns 37,910,943 shares of the company's stock worth $1,968,336,000 after buying an additional 1,064,162 shares during the last quarter. Kornitzer Mgmt Ks has 0.54% invested in CVS Health Corp (NYSE:CVS) for 366,660 shares. Old Mutual Investors (Uk) Limited invested in 0.59% or 620,292 shares. Creative Planning holds 109,052 shares. Kistler Tiffany Companies LLC boosted its stake in shares of Sysco Corporation by 0.4% during the 2nd quarter. Nicholas Prns Lp accumulated 65,388 shares. On Monday, March 13 Sussman Andrew sold $1.13 million worth of CVS Health Corp (NYSE:CVS) or 14,104 shares. Linscomb And Williams invested 0.06% in SYSCO Corporation (NYSE:SYY). 6,124 are held by Gm Advisory Group Inc Inc. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and global trademark & copyright law. Cantab Limited Liability Partnership holds 0% or 35,335 shares in its portfolio. Zevin Asset Ltd Liability Corporation stated it has 3,630 shares. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Therefore 80% are positive. Equities research analysts anticipate that Sysco Corporation will post $2.76 earnings per share for the current year. The rating was maintained by Keefe Bruyette & Woods with "Hold" on Thursday, August 10. Pivotal Research has "Sell" rating and $29 target. Barclays Capital initiated the stock with "Underweight" rating in Friday, September 23 report. The firm earned "Buy" rating on Monday, August 14 by Wells Fargo. The stock of SYSCO Corporation (NYSE:SYY) has "Neutral" rating given on Friday, December 9 by Goldman Sachs. Credit Suisse downgraded SYSCO Corporation (NYSE:SYY) on Wednesday, November 16 to "Neutral" rating. The firm earned "Underperform" rating on Friday, January 22 by RBC Capital Markets. Engineers Gate Manager Lp has 0.19% invested in SYSCO Corporation (NYSE:SYY) for 31,506 shares. The firm has "Outperform" rating by BMO Capital Markets given on Friday, May 5.



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