Economy

Sysco Breaks Below 200-Day Moving Average - Notable for SYY

Sysco Corp now has $27.49 billion valuation.

Spectrum Management Group Inc increased Sysco Corp (SYY) stake by 52.04% reported in 2017Q2 SEC filing. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0.14% invested in SYSCO Corporation (NYSE:SYY) for 285,039 shares. It also reduced Schwab Strategic Tr (SCHD) stake by 37,180 shares and now owns 540,805 shares. Capital World Investors increased its holdings in shares of Sysco Corporation by 11.7% in the 2nd quarter. The total number of shares traded in the last 90-day period is 3.88 million. American Century Companies Inc. increased its position in shares of Sysco Corporation by 47.6% in the second quarter.

The top 5 institutional holders, in ascending order, are as follows: TRIAN FUND MANAGEMENT, L.P. with 43.97 million shares, VANGUARD GROUP INC with 38.5 million shares, BLACKROCK INC. with 32.29 million shares, STATE STREET CORP with 26.71 million shares, and WELLS FARGO & COMPANY/MN with 14.67 million shares. FMR LLC increased its stake in shares of Sysco Corp.by 60.2% in the second quarter. Moreover, Parnassus Invs Ca has 1.31% invested in SYSCO Corporation (NYSE:SYY) for 6.16M shares. Old Second National Bank Of Aurora, a Illinois-based fund reported 24,870 shares. Finally, Blue Chip Partners Inc. lifted its stake in shares of Sysco Corporation by 0.6% in the 2nd quarter. Manchester Capital Management LLC now owns 2,538 shares of the company's stock valued at $128,000 after acquiring an additional 300 shares during the last quarter.

Sysco Corporation (NYSE SYY) traded up $1.39 during trading on Wednesday, hitting $53.98.

The Relative Volume of the company is 2.14 and Average Volume (3 months) is 2.47 million. The stock has a market cap of $28,318.11, a PE ratio of 21.24, a P/E/G ratio of 2.31 and a beta of 0.53. The average analysts gave this company a mean recommendation of 2.50. Sysco Corporation had a net margin of 2.12% and a return on equity of 57.49%. Bank of America upgraded SYSCO Corporation (NYSE:SYY) on Tuesday, November 8 to "Buy" rating. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09.

In case of Revenue Estimates, 12 analysts have provided their consensus Average Revenue Estimates for Sysco Corporation as 14.42 Billion. The business's revenue was up 4.9% compared to the same quarter past year. Tower Research Capital (Trc) owns 0% invested in SYSCO Corporation (NYSE:SYY) for 22 shares.

Many analysts are providing their Estimated Earnings analysis for Sysco Corporation and for the current quarter 15 analysts have projected that the stock could give an Average Earnings estimate of $0.72/share.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Edgepoint Inv Gp Inc holds 6.31M shares or 0% of its portfolio.

Investors sentiment increased to 0.87 in 2017 Q2. This represents a $1.32 annualized dividend and a dividend yield of 2.46%. The company was maintained on Wednesday, January 25 by Goldman Sachs. Sysco Corp.'s dividend payout ratio (DPR) is 68.13%.

COPYRIGHT VIOLATION NOTICE: This report was first posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this report on another publication, it was stolen and republished in violation of United States & global copyright & trademark laws. The legal version of this story can be accessed at http://www.financial-market-news.com/webster-bank-n-a-acquires-63-shares-of-sysco-corp-syy/1217034/. BMO Capital Markets maintained SYSCO Corporation (NYSE:SYY) rating on Tuesday, June 27.

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 1 Sell and 8 Hold. The firm earned "Hold" rating on Friday, August 11 by Pivotal Research. Nomura Asset Mngmt Limited invested 0.13% of its portfolio in SYSCO Corporation (NYSE:SYY). Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. On Tuesday, January 12 the stock rating was maintained by Liberum Capital with "Hold". Shares for $846,300 were sold by Shurts Wayne. The shares were sold at an average price of $53.49, for a total value of $873,919.62. Following the transaction, the insider now owns 61,936 shares of the company's stock, valued at approximately $3,351,976.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Delaney III sold 30,000 shares of Sysco Corporation stock in a transaction dated Wednesday, August 23rd.

The most recent open market insider trade was Automatic Sell of 7,800 shares on a day where the closing price was 54.46. Following the completion of the transaction, the chief executive officer now owns 406,725 shares of the company's stock, valued at $20,869,059.75. The disclosure for this sale can be found here. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.



Like this

Latest


09 November 2017
U.S. joins Saudi in accusing Iran over Yemen moves
"You are well aware of the power and status of the Islamic Republic of Iran ". Iran supports the Houthis but has denied arming them.

09 November 2017
COP23 starts with calls to uphold Paris Agreement
Today, however, during United Nations climate talks, the country announced it would sign the Paris deal. Those were both affected by a powerful El Nino, which can contribute to higher temperatures.

09 November 2017
Plymouth police locate 2 missing girls
The twins' 35-year-old mother and her 38-year-old boyfriend were taken into custody in ME and are facing kidnapping charges. Federal Bureau of Investigation and State Police officials are working to get the girls home.

09 November 2017
Denali Advisors LLC Decreases Holdings in LyondellBasell Industries NV (NYSE:LYB)
Parametric Port Associates Ltd Liability Com has 0.14% invested in LyondellBasell Industries NV (NYSE:LYB) for 1.36M shares. Richard Bernstein Advsr Ltd Liability Corp has 0.18% invested in LyondellBasell Industries NV (NYSE:LYB) for 27,633 shares.

09 November 2017
Express Scripts Holding Company (ESRX)
Normally this spread should be in positive territory, indicating that analysts expect an investment's value to increase over time. The high quick ratio specifies its better liquidity position on the credit terms the company has negotiated from its suppliers.

09 November 2017
Say what! Die Another Day actress Helle Berry is in Mumbai…
Making the most of her stay in the city, Halle can be seen strolling in the Mumbai streets in one of the pictures she uploaded. Berry was last seen in Matthew Vaughn's Kingsman: The Golden Circle alongside Colin Firth, and Luis Prieto's Kidnap .

09 November 2017
India's largest denim manufacturer Arvind Ltd to demerge apparel and engineering business
The company said that its apparel business is poised to grow faster and it will put in Rs 1,500 crore to transform the category. The textiles business aspires to reach a revenue of Rs 10,000 crore in the next 5-6 years period, he said.

09 November 2017
Analyst at Macquarie Reconfirmed Rio Tinto (LON:RIO)Stock Rating as a '"Buy"'
Royal Bank Of Canada now has $48.37 price objective on the mining company's stock, up from their prior price objective of $47.87. Canaccord Genuity lowered shares of Rio Tinto PLC from a buy rating to a hold rating in a report on Tuesday, September 26th.

09 November 2017
Manus protesters arrested atop Opera House
Earlier, Laura Mastwyk, one of the climbers, said the Opera House was chosen because it is an worldwide symbol. They were taken into police custody and are in the process of coming down from atop the Opera House.

09 November 2017
Myanmar says UN Security Council statement could harm negotiations
Speaking at a conference in Dhaka on Sunday, Bangladesh Prime Minister Sheikh Hasina called for more global pressure on Myanmar. The council called on the Myanmar Government to take steps to prevent and respond to incidents of sexual violence.



Recommended