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 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 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.

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