In today’s session SYSCO Corporation (SYY) registered an unusually high (490) 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 490 contracts traded and 30034 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: SYY180119C00055000 closed last at: $1.6 or 14.3% up. About 3.97M shares traded hands or 4.75% 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.
SYSCO Corporation (NYSE:SYY) Ratings Coverage
Out of 13 analysts covering Sysco Corporation (NYSE:SYY), 5 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 38% are positive. $57 is the highest target while $29 is the lowest. The $50 average target is -8.22% below today’s ($54.48) stock price. Sysco Corporation has been the topic of 21 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Deutsche Bank initiated the stock with “Hold” rating in Monday, July 18 report. JP Morgan maintained it with “Neutral” rating and $57 target price in Tuesday, August 16 report. The firm earned “Buy” rating on Friday, February 5 by Argus Research. The stock of SYSCO Corporation (NYSE:SYY) earned “Neutral” rating by Clevland Research on Friday, March 11. On Friday, September 23 the stock rating was initiated by Barclays Capital with “Underweight”. The firm earned “Sell” rating on Thursday, August 6 by Pivotal Research. Credit Suisse maintained the stock with “Outperform” rating in Friday, February 19 report. Bank of America initiated the stock with “Neutral” rating in Monday, June 20 report. The company was downgraded on Tuesday, February 2 by Morgan Stanley. Macquarie Research maintained it with “Outperform” rating and $55 target price in Tuesday, May 3 report.
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 increased, 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.
Firstmerit National Bank N A Trustee, a Ohio-based fund reported 6,891 shares. Fiduciary Fin Of The Southwest Inc Tx last reported 0.29% of its portfolio in the stock. Parametric Associates Ltd Llc has invested 0.14% of its portfolio in SYSCO Corporation (NYSE:SYY). Associated Banc holds 0.23% of its portfolio in SYSCO Corporation (NYSE:SYY) for 70,906 shares. Silvercrest Asset Mgmt Grp Limited Liability Co holds 0.01% of its portfolio in SYSCO Corporation (NYSE:SYY) for 15,800 shares. Davidson Inv Advisors has invested 0.08% of its portfolio in SYSCO Corporation (NYSE:SYY). 1832 Asset Mgmt Limited Partnership accumulated 0% or 300 shares. First Allied Advisory Svcs accumulated 32,374 shares or 0.09% of the stock. Mark Sheptoff Planning accumulated 4,934 shares or 0.19% of the stock. Tower Rech Ltd Llc (Trc) holds 920 shares or 0% of its portfolio. Estabrook Cap Mngmt has 0% invested in the company for 605 shares. The Louisiana-based Summit Fin Wealth Limited Liability Company has invested 2.53% in SYSCO Corporation (NYSE:SYY). Gamble Jones Counsel has 0.66% invested in the company for 118,741 shares. Lord Abbett And Limited Liability Company last reported 0.14% of its portfolio in the stock. Moreover, Berkshire Asset Mgmt Ltd Com Pa has 0.3% invested in SYSCO Corporation (NYSE:SYY) for 39,112 shares.
Insider Transactions: Since May 18, 2016, the stock had 1 buying transaction, and 14 selling transactions for $27.03 million net activity. On Monday, June 13 Grade Joel T. sold $719,935 worth of the stock or 14,777 shares. DeLaney William J III also sold $975,529 worth of SYSCO Corporation (NYSE:SYY) shares. On Monday, June 13 the insider HAFNER JOSEPH A JR sold $340,130. $1.30 million worth of shares were sold by Day William B. on Monday, October 3. WARD JACKIE M bought $301,535 worth of stock. 38,538 shares were sold by Libby Russell T., worth $1.88M.
Sysco Corporation is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The company has a market cap of $32.98 billion. The Company’s divisions include Broadline, SYGMA and Other. It has a 33.13 P/E ratio. The Broadline segment includes its Broadline activities located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
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.
More recent SYSCO Corporation (NYSE:SYY) news were published by: Investorplace.com which released: “Why SYSCO Corporation (SYY) Stock Is Soaring Today” on November 07, 2016. Also Nytimes.com published the news titled: “Herbert Irving, Sysco Co-Founder and $300 Million Hospital Donor, Dies at 98” on October 11, 2016. Wsj.com‘s news article titled: “Sysco Results Boosted by Brakes Group Acquisition” with publication date: November 07, 2016 was also an interesting one.
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