Worth Watching: Is SYSCO Corporation’s Fuel For Real? The Stock Just Increased Again

Worth Watching: Is SYSCO Corporation's Fuel For Real? The Stock Just Increased Again

The stock of SYSCO Corporation (NYSE:SYY) is a huge mover today! About 6.73M shares traded hands or 95.07% up from the average. SYSCO Corporation (NYSE:SYY) has risen 2.87% since April 5, 2016 and is uptrending. It has outperformed by 0.91% the S&P500.
The move comes after 8 months positive chart setup for the $28.70B company. It was reported on Nov, 7 by Barchart.com. We have $79.20 PT which if reached, will make NYSE:SYY worth $14.64 billion more.

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 earned “Outperform” rating on Thursday, November 19 by Wells Fargo. As per Friday, March 11, the company rating was upgraded by Clevland Research. The rating was initiated by Bank of America on Monday, June 20 with “Neutral”. The firm has “Sell” rating by Goldman Sachs given on Tuesday, December 15. Morgan Stanley downgraded SYSCO Corporation (NYSE:SYY) on Tuesday, February 2 to “Underweight” rating. The stock has “Underweight” rating given by Barclays Capital on Friday, September 23. The firm has “Hold” rating by Deutsche Bank given on Monday, July 18. JP Morgan maintained the stock with “Neutral” rating in Tuesday, August 16 report. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 26 report. The stock of SYSCO Corporation (NYSE:SYY) has “Buy” rating given on Friday, February 5 by Argus 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 Q2 2016. 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.
Bp Public Ltd Company last reported 65,000 shares in the company. Miles Cap Inc accumulated 0.15% or 4,296 shares. Segall Bryant & Hamill Llc accumulated 0.01% or 9,571 shares. Highlander Capital Lc owns 7,094 shares or 0.33% of their US portfolio. Schwab Charles Inv Incorporated holds 1.69M shares or 0.11% of its portfolio. Fjarde Ap holds 0.14% of its portfolio in SYSCO Corporation (NYSE:SYY) for 116,104 shares. Advisor Prns Limited Liability Com last reported 0.14% of its portfolio in the stock. Plante Moran Advsrs has 0.05% invested in the company for 1,459 shares. Brown Advisory Securities Limited has 4,682 shares for 0.07% of their US portfolio. Boston Ltd has invested 0.58% of its portfolio in SYSCO Corporation (NYSE:SYY). Bragg Fincl Inc owns 45,759 shares or 0.42% of their US portfolio. Salem Inv Counselors Incorporated has 73,183 shares for 0.45% of their US portfolio. Sg Americas Securities Limited Liability Company holds 0.05% or 143,308 shares in its portfolio. First Manhattan has invested 0.01% of its portfolio in SYSCO Corporation (NYSE:SYY). Legg Mason Asset (Japan) Com Limited accumulated 0.81% or 14,900 shares.

Insider Transactions: Since May 18, 2016, the stock had 1 buying transaction, and 14 sales for $27.03 million net activity. Grade Joel T. sold $836,298 worth of stock or 16,398 shares. $985,988 worth of SYSCO Corporation (NYSE:SYY) was sold by DeLaney William J III. Libby Russell T. had sold 38,538 shares worth $1.88 million on Monday, June 6. HAFNER JOSEPH A JR also sold $340,130 worth of SYSCO Corporation (NYSE:SYY) on Monday, June 13. 6,200 shares with value of $301,535 were bought by WARD JACKIE M on Friday, June 10. 137,693 SYSCO Corporation (NYSE:SYY) shares with value of $6.73 million were sold by Day William B..

More notable recent SYSCO Corporation (NYSE:SYY) news were published by: Etfdailynews.com which released: “Sysco’s Bull Run Continues As Q1 Results Top Expectations” on November 07, 2016, also Nytimes.com with their article: “Herbert Irving, Sysco Co-Founder and $300 Million Hospital Donor, Dies at 98” published on October 11, 2016, Equitiesfocus.com published: “Sysco Corporation (NYSE:SYY) Fixes Dividend Payout At $0.31” on November 07, 2016. More interesting news about SYSCO Corporation (NYSE:SYY) were released by: Reuters.com and their article: “BRIEF-Sysco Corp entered into a credit agreement” published on November 07, 2016 as well as Wsj.com‘s news article titled: “Sysco Results Boosted by Brakes Group Acquisition” with publication date: November 07, 2016.

SYY Company Profile

Sysco Corporation (Sysco), incorporated on May 8, 1969, is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s divisions include Broadline, SYGMA and Other. The Company’s Broadline segment is an aggregation of its Broadline activities located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States. Broadline operating companies distribute a full line of food products and a range of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served. SYGMA operating companies distribute a full line of food products and a range of non-food products to certain chain restaurant customer locations. The Other segment includes the Company’s specialty produce; custom-cut meat operations; lodging industry divisions; a firm that distributes specialty imported products; a firm that distributes to international customers, and Sysco Ventures platform, which includes a suite of technology solutions that help in supporting the business needs of Sysco’s customers. The Firm operates through its subsidiaries and divisions.

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