Can SYSCO Corporation’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can SYSCO Corporation's Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session SYSCO Corporation (SYY) registered an unusually high (1,318) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious SYY increase. With 1,318 contracts traded and 5954 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: SYY180119C00050000 closed last at: $3.2 or 8.6% down. About 1.31 million shares traded hands. SYSCO Corporation (NYSE:SYY) has risen 6.16% since March 3, 2016 and is uptrending. It has underperformed by 2.19% the S&P500.

Analysts await SYSCO Corporation (NYSE:SYY) to report earnings on November, 7 before the open. They expect $0.60 EPS, up 15.38% or $0.08 from last year’s $0.52 per share. SYY’s profit will be $330.71 million for 20.11 P/E if the $0.60 EPS becomes a reality. After $0.64 actual EPS reported by SYSCO Corporation for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

SYSCO Corporation (NYSE:SYY) Ratings Coverage

Out of 13 analysts covering Sysco Corporation (NYSE:SYY), 4 rate it a “Buy”, 4 “Sell”, while 5 “Hold”. This means 31% are positive. Sysco Corporation has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Thursday, August 6 by Pivotal Research. The firm has “Outperform” rating by Wells Fargo given on Thursday, November 19. The stock has “Sell” rating given by Goldman Sachs on Tuesday, December 15. The rating was maintained by Credit Suisse with “Outperform” on Friday, February 19. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 26. The stock of SYSCO Corporation (NYSE:SYY) earned “Buy” rating by Argus Research on Friday, February 5. The stock of SYSCO Corporation (NYSE:SYY) has “Hold” rating given on Monday, July 18 by Deutsche Bank. The company was maintained on Tuesday, May 3 by Goldman Sachs. The rating was initiated by Barclays Capital with “Underweight” on Friday, September 23. The company was upgraded on Friday, March 11 by Clevland Research.

According to Zacks Investment Research, “Sysco Corporation is the largest North American distributor of food and food related products to the foodservice or food-prepared-away-from-home industry. The company provides its products and services to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.”

Insitutional Activity: The institutional sentiment increased to 0.96 in 2016 Q2. Its up 0.03, from 0.93 in 2016Q1. The ratio improved, as 39 funds sold all SYSCO Corporation shares owned while 347 reduced positions. 86 funds bought stakes while 284 increased positions. They now own 417.36 million shares or 6.17% less from 444.80 million shares in 2016Q1.
Old Point Trust & Ser N A has 86,031 shares for 2.52% of their US portfolio. Hbk Sorce Advisory Ltd Llc reported 6,723 shares or 0.07% of all its holdings. Blb&B Advsr Llc has 0.69% invested in the company for 72,812 shares. Moreover, Aviva Public Ltd has 0.12% invested in SYSCO Corporation (NYSE:SYY) for 337,860 shares. Loudon Inv Management Limited Liability Company accumulated 10,040 shares or 0.41% of the stock. The Texas-based Callahan Ltd has invested 0.36% in SYSCO Corporation (NYSE:SYY). Pitcairn owns 19,342 shares or 0.13% of their US portfolio. Moreover, Cap Ww has 0.03% invested in SYSCO Corporation (NYSE:SYY) for 2.29 million shares. Norinchukin Savings Bank The holds 0.13% or 104,050 shares in its portfolio. Northcoast Asset Ltd, a Connecticut-based fund reported 571,106 shares. Tower Bridge Advsr holds 8,325 shares or 0% of its portfolio. Dillon And Assocs Inc holds 1.42% of its portfolio in SYSCO Corporation (NYSE:SYY) for 60,642 shares. Mcdaniel Terry & owns 4,269 shares or 0.05% of their US portfolio. Alexandria Capital Limited Company, a Virginia-based fund reported 1,478 shares. The California-based Meridian Inv Counsel has invested 0.16% in SYSCO Corporation (NYSE:SYY).

Insider Transactions: Since April 15, 2016, the stock had 1 buy, and 15 sales for $27.44 million net activity. The insider WARD JACKIE M bought 6,200 shares worth $301,535. DeLaney William J III had sold 20,114 shares worth $975,529. Another trade for 38,538 shares valued at $1.88 million was made by Libby Russell T. on Monday, June 6. The insider Day William B. sold $6.73M. HAFNER JOSEPH A JR sold 7,000 shares worth $340,130. $836,298 worth of SYSCO Corporation (NYSE:SYY) was sold by Grade Joel T. on Tuesday, July 5. Koerber Hans-Joachim had sold 10,000 shares worth $464,900 on Friday, April 15.

Sysco Corporation 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 has a market cap of $26.60 billion. The Firm provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. It has a 29.34 P/E ratio. Sysco provides food and related products to the foodservice or food-away-from-home industry.

SYY Company Profile

Sysco Corporation (Sysco),incorporated on May 8, 1969, 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 Firm provides products and related services to approximately 425,000 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 Firm has aggregated its operating companies into a number of divisions, of which only Broadline and SYGMA are the main divisions. 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.

Another recent and important SYSCO Corporation (NYSE:SYY) news was published by Streetinsider.com which published an article titled: “Sysco Corp. (SYY) Adds Three New Board Members” on September 22, 2016.

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