Sysco Corp (NYSE:SYY) Q2 2018 Sentiment Report

September 30, 2018 - By Robert Shackelford

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Sentiment for Sysco Corp (NYSE:SYY)

Sysco Corp (NYSE:SYY) institutional sentiment increased to 0.88 in 2018 Q2. Its up 0.08, from 0.8 in 2018Q1. The ratio improved, as 347 investment managers started new and increased positions, while 396 sold and reduced positions in Sysco Corp. The investment managers in our partner’s database now hold: 407.24 million shares, down from 408.53 million shares in 2018Q1. Also, the number of investment managers holding Sysco Corp in their top 10 positions increased from 15 to 23 for an increase of 8. Sold All: 41 Reduced: 355 Increased: 250 New Position: 97.

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 $38.07 billion. It operates through three divisions: U.S. It has a 27.13 P/E ratio. Foodservice Operations, International Foodservice Operations, and SYGMA.

The stock increased 0.58% or $0.42 during the last trading session, reaching $73.25. About 2.16M shares traded. Sysco Corporation (NYSE:SYY) has risen 40.95% since September 30, 2017 and is uptrending. It has outperformed by 25.33% the S&P500.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on November, 5. They expect $0.92 EPS, up 24.32 % or $0.18 from last year’s $0.74 per share. SYY’s profit will be $478.20M for 19.90 P/E if the $0.92 EPS becomes a reality. After $0.94 actual EPS reported by Sysco Corporation for the previous quarter, Wall Street now forecasts -2.13 % negative EPS growth.

Trian Fund Management L.P. holds 28.97% of its portfolio in Sysco Corporation for 42.56 million shares. Shayne & Co. Llc owns 346,745 shares or 16.97% of their US portfolio. Moreover, Reliance Trust Co has 5.05% invested in the company for 3,375 shares. The Tennessee-based Delta Asset Management Llc Tn has invested 4.61% in the stock. Wilkins Investment Counsel Inc, a Massachusetts-based fund reported 195,498 shares.

Since January 1, 0001, it had 0 buys, and 18 selling transactions for $1.05 billion activity.

Sysco Corporation (NYSE:SYY) Ratings Coverage

Ratings analysis reveals 50% of Sysco’s analysts are positive. Out of 6 Wall Street analysts rating Sysco, 3 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $61 while the high is $86. The stock’s average target of $75.40 is 2.94% above today’s ($73.25) share price. SYY was included in 9 notes of analysts from April 18, 2018. The company was maintained on Tuesday, May 8 by Credit Suisse. The rating was maintained by BMO Capital Markets with “Outperform” on Tuesday, August 14. Morgan Stanley maintained it with “Equal-Weight” rating and $61 target in Tuesday, May 8 report. As per Tuesday, August 14, the company rating was maintained by Morgan Stanley. The stock of Sysco Corporation (NYSE:SYY) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, July 17. The firm has “Buy” rating given on Thursday, August 16 by Argus Research. Pivotal Research downgraded the shares of SYY in report on Friday, August 10 to “Sell” rating. As per Tuesday, June 19, the company rating was maintained by Citigroup.

More news for Sysco Corporation (NYSE:SYY) were recently published by: Globenewswire.com, which released: “Sysco’s Cutting Edge Solutions Introduces New Product Offerings” on September 24, 2018. Seekingalpha.com‘s article titled: “Sysco: Low-Profit Margins, But Well-Leveraged” and published on September 04, 2018 is yet another important article.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

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