Are Sysco (NYSE:SYY) Shares a ‘Buy’ Now? Morgan Stanley Has Upgraded The Stock

January 17, 2018 - By Clifton Ray

  Are Sysco (NYSE:SYY) Shares a ‘Buy’ Now? Morgan Stanley Has Upgraded The Stock

Investors sentiment decreased to 0.78 in Q3 2017. Its down 0.09, from 0.87 in 2017Q2. It dived, as 61 investors sold Sysco Corporation shares while 345 reduced holdings. 66 funds opened positions while 249 raised stakes. 409.47 million shares or 1.25% less from 414.66 million shares in 2017Q2 were reported.

Daiwa Secs, Japan-based fund reported 15,085 shares. Winch Advisory Services Limited reported 218 shares or 0.01% of all its holdings. Old Natl State Bank In has invested 0.24% in Sysco Corporation (NYSE:SYY). Long Road Counsel Limited Liability stated it has 0.63% in Sysco Corporation (NYSE:SYY). The United Kingdom-based Lansdowne Ptnrs (Uk) Ltd Liability Partnership has invested 0.02% in Sysco Corporation (NYSE:SYY). Evercore Wealth Management Ltd accumulated 0.07% or 34,585 shares. Lynch Associates In holds 57,398 shares or 1.23% of its portfolio. Moreover, King Luther Cap Mngmt has 0.02% invested in Sysco Corporation (NYSE:SYY). Fruth Investment Mgmt has 58,006 shares. Sun Life reported 3,567 shares or 0.02% of all its holdings. Northstar Asset Ltd Liability holds 0.19% or 8,200 shares. Transamerica Financial Advsr has invested 0.97% in Sysco Corporation (NYSE:SYY). The California-based Bailard Inc has invested 0.33% in Sysco Corporation (NYSE:SYY). 35,513 are held by Stadion Money Mngmt Limited. Opus Investment Mngmt invested in 0.54% or 55,000 shares.

Since August 23, 2017, it had 2 insider buys, and 18 sales for $25.54 million activity. Another trade for 30,000 shares valued at $1.54 million was sold by DeLaney William J III. Libby Russell T. also sold $809,240 worth of Sysco Corporation (NYSE:SYY) shares. The insider Goetz William W sold 16,345 shares worth $993,122. Shurts Wayne sold $958,386 worth of Sysco Corporation (NYSE:SYY) on Tuesday, January 9. PELTZ NELSON sold $19.77 million worth of stock. Frank Joshua D. had bought 889,561 shares worth $47.75M.

Sysco (NYSE:SYY) Stock Upgrade

Sysco (NYSE:SYY)‘s stock was increased to a solid Equal-Weight by stock research analysts at Morgan Stanley. SYY’s past Underweight rating is has been discontinued by the brokerage firm.

Investors sentiment decreased to 0.78 in Q3 2017. Its down 0.09, from 0.87 in 2017Q2. It dived, as 61 investors sold Sysco Corporation shares while 345 reduced holdings. 66 funds opened positions while 249 raised stakes. 409.47 million shares or 1.25% less from 414.66 million shares in 2017Q2 were reported.

Daiwa Secs, Japan-based fund reported 15,085 shares. Winch Advisory Services Limited reported 218 shares or 0.01% of all its holdings. Old Natl State Bank In has invested 0.24% in Sysco Corporation (NYSE:SYY). Long Road Counsel Limited Liability stated it has 0.63% in Sysco Corporation (NYSE:SYY). The United Kingdom-based Lansdowne Ptnrs (Uk) Ltd Liability Partnership has invested 0.02% in Sysco Corporation (NYSE:SYY). Evercore Wealth Management Ltd accumulated 0.07% or 34,585 shares. Lynch Associates In holds 57,398 shares or 1.23% of its portfolio. Moreover, King Luther Cap Mngmt has 0.02% invested in Sysco Corporation (NYSE:SYY). Fruth Investment Mgmt has 58,006 shares. Sun Life reported 3,567 shares or 0.02% of all its holdings. Northstar Asset Ltd Liability holds 0.19% or 8,200 shares. Transamerica Financial Advsr has invested 0.97% in Sysco Corporation (NYSE:SYY). The California-based Bailard Inc has invested 0.33% in Sysco Corporation (NYSE:SYY). 35,513 are held by Stadion Money Mngmt Limited. Opus Investment Mngmt invested in 0.54% or 55,000 shares.

Since August 23, 2017, it had 2 insider buys, and 18 sales for $25.54 million activity. Another trade for 30,000 shares valued at $1.54 million was sold by DeLaney William J III. Libby Russell T. also sold $809,240 worth of Sysco Corporation (NYSE:SYY) shares. The insider Goetz William W sold 16,345 shares worth $993,122. Shurts Wayne sold $958,386 worth of Sysco Corporation (NYSE:SYY) on Tuesday, January 9. PELTZ NELSON sold $19.77 million worth of stock. Frank Joshua D. had bought 889,561 shares worth $47.75M.

Sysco Corporation (NYSE:SYY) Ratings Coverage

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. Sysco Corporation has $61 highest and $29 lowest target. $54’s average target is -12.51% below currents $61.72 stock price. Sysco Corporation had 49 analyst reports since August 6, 2015 according to SRatingsIntel. Pivotal Research initiated the stock with “Sell” rating in Thursday, August 6 report. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Tuesday, January 16 report. The firm has “Hold” rating given on Friday, August 11 by Pivotal Research. The firm has “Hold” rating by Deutsche Bank given on Monday, July 18. The stock of Sysco Corporation (NYSE:SYY) earned “Outperform” rating by Credit Suisse on Friday, February 19. As per Wednesday, August 26, the company rating was maintained by Deutsche Bank. On Tuesday, June 20 the stock rating was maintained by Jefferies with “Hold”. The stock of Sysco Corporation (NYSE:SYY) has “Hold” rating given on Tuesday, November 8 by Pivotal Research. The company was upgraded on Friday, December 9 by Goldman Sachs. The rating was upgraded by Credit Suisse to “Outperform” on Monday, February 6.

The stock increased 0.55% or $0.34 during the last trading session, reaching $61.72. About 2.44 million shares traded. Sysco Corporation (NYSE:SYY) has risen 11.23% since January 17, 2017 and is uptrending. It has underperformed by 5.47% the S&P500.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on February, 5. They expect $0.65 EPS, up 12.07 % or $0.07 from last year’s $0.58 per share. SYY’s profit will be $338.69M for 23.74 P/E if the $0.65 EPS becomes a reality. After $0.74 actual EPS reported by Sysco Corporation for the previous quarter, Wall Street now forecasts -12.16 % negative EPS growth.

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg. The company has market cap of $32.16 billion. It operates through three divisions: U.S. It has a 28.25 P/E ratio. Foodservice Operations, International Foodservice Operations, and SYGMA.

More important recent Sysco Corporation (NYSE:SYY) news were published by: Globenewswire.com which released: “Sysco Grows European Business With Kent Frozen Foods Acquisition” on January 15, 2018, also Nasdaq.com published article titled: “Sysco Corporation (SYY) Ex-Dividend Date Scheduled for January 04, 2018”, Gurufocus.com published: “Yacktman Fund Buys Bollore SA, Sells Microsoft Corp, Sysco Corp, Wal-Mart …” on January 17, 2018. More interesting news about Sysco Corporation (NYSE:SYY) was released by: Nasdaq.com and their article: “Sysco (SYY) Set to Bring Kent Frozen Foods Under Its Wings” with publication date: January 16, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.