SYSCO Corporation Has More Gas To Increase After Today’s Bullish Options Activity

 SYSCO Corporation Has More Gas To Increase After Today's Bullish Options Activity

In today’s session SYSCO Corporation (SYY) registered an unusually high (698) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SYY increase. With 698 contracts traded and 17524 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SYY170120C00050000 closed last at: $1.15 or 14.8% down. About 762,410 shares traded hands. SYSCO Corporation (NYSE:SYY) has risen 5.21% since March 15, 2016 and is uptrending. It has underperformed by 0.27% the S&P500.

Analysts await SYSCO Corporation (NYSE:SYY) to report earnings on November, 7 before the open. They expect $0.60 earnings per share, up 15.38% or $0.08 from last year’s $0.52 per share. SYY’s profit will be $330.33 million for 20.15 P/E if the $0.60 EPS becomes a reality. After $0.64 actual earnings per share 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 stock has “Neutral” rating given by Clevland Research on Friday, March 11. The rating was maintained by JP Morgan on Tuesday, August 16 with “Neutral”. As per Tuesday, May 3, the company rating was maintained by Macquarie Research. The stock has “Outperform” rating given by Credit Suisse on Friday, February 19. The rating was downgraded by Morgan Stanley to “Underweight” on Tuesday, February 2. Bank of America initiated SYSCO Corporation (NYSE:SYY) on Monday, June 20 with “Neutral” rating. Deutsche Bank initiated the shares of SYY in a report on Monday, July 18 with “Hold” rating. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 26 report. The stock of SYSCO Corporation (NYSE:SYY) has “Sell” rating given on Tuesday, December 15 by Goldman Sachs. The company was initiated on Friday, September 23 by Barclays Capital.

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 is positive, 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.
Dynamic Advsr Solutions Ltd Company owns 7,493 shares or 0.15% of their US portfolio. Mitsubishi Ufj Secs Ltd holds 1,950 shares or 0.18% of its portfolio. Moreover, Capstone Asset Mgmt Co has 0.1% invested in SYSCO Corporation (NYSE:SYY) for 62,420 shares. Penobscot Mgmt holds 11,250 shares or 0.2% of its portfolio. Salem Counselors has invested 0.45% of its portfolio in SYSCO Corporation (NYSE:SYY). Miles Cap holds 0.15% of its portfolio in SYSCO Corporation (NYSE:SYY) for 4,296 shares. Allianz Asset Mgmt Ag last reported 0% of its portfolio in the stock. Buckingham Asset Mgmt Limited Liability Corporation last reported 5,731 shares in the company. Highlander Mngmt Limited Com last reported 0.33% of its portfolio in the stock. Benjamin F Edwards Co Incorporated, a Missouri-based fund reported 7,702 shares. Moreover, Nomura Asset Mgmt has 0.17% invested in SYSCO Corporation (NYSE:SYY) for 178,230 shares. Boyar Asset Mngmt holds 1.46% of its portfolio in SYSCO Corporation (NYSE:SYY) for 36,305 shares. Moreover, Amica Pension Fund Board Of Trustees has 0.2% invested in SYSCO Corporation (NYSE:SYY) for 29,721 shares. Golub Grp Limited Liability Com has invested 0.12% of its portfolio in SYSCO Corporation (NYSE:SYY). The Massachusetts-based Invsts Cap Advisory Serv has invested 0.13% in SYSCO Corporation (NYSE:SYY).

Insider Transactions: Since May 18, 2016, the stock had 1 insider buy, and 13 selling transactions for $26.04 million net activity. DeLaney William J III had sold 20,114 shares worth $975,529. $1.04 million worth of SYSCO Corporation (NYSE:SYY) shares were sold by Day William B.. Grade Joel T. had sold 14,777 shares worth $719,935. WARD JACKIE M bought $301,535 worth of stock or 6,200 shares. 7,000 shares were sold by HAFNER JOSEPH A JR, worth $340,130. On Monday, June 6 the insider Libby Russell T. sold $1.88M.

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 $26.63 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 29.41 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.

More news for SYSCO Corporation (NYSE:SYY) were recently published by: Nytimes.com, which released: “Herbert Irving, Sysco Co-Founder and $300 Million Hospital Donor, Dies at 98” on October 11, 2016. Nasdaq.com‘s article titled: “Sysco Corporation (SYY) Ex-Dividend Date Scheduled for October 05, 2016” and published on October 04, 2016 is yet another important article.

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