Sysco Corporation (NYSE:SYY) Sellers Covered 9.41% of Their Shorts

September 30, 2018 - By Kristin Houston

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Investors sentiment increased to 0.88 in 2018 Q2. Its up 0.08, from 0.8 in 2018Q1. It improved, as 41 investors sold Sysco Corporation shares while 355 reduced holdings. 97 funds opened positions while 250 raised stakes. 407.24 million shares or 0.32% less from 408.53 million shares in 2018Q1 were reported.
Pub Employees Retirement Association Of Colorado accumulated 89,082 shares. Mckinley Ltd Delaware stated it has 0.02% in Sysco Corporation (NYSE:SYY). 3,460 are owned by Mcrae Cap Mngmt Inc. Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.06% in Sysco Corporation (NYSE:SYY). Stevens First Principles Investment Advsr accumulated 83,127 shares or 3.42% of the stock. Prelude Mgmt Lc reported 17,857 shares or 0.08% of all its holdings. Moreover, Appleton Prtn Ma has 0.16% invested in Sysco Corporation (NYSE:SYY) for 16,795 shares. Putnam Investments Limited Liability Company owns 0.09% invested in Sysco Corporation (NYSE:SYY) for 566,623 shares. The Massachusetts-based Opus Management Incorporated has invested 0.68% in Sysco Corporation (NYSE:SYY). Gradient Invs Ltd Llc invested in 0% or 2 shares. Blue Chip Prtnrs Incorporated reported 0.03% in Sysco Corporation (NYSE:SYY). Fifth Third Bancshares holds 257,990 shares or 0.12% of its portfolio. Mitchell Mngmt invested in 0.37% or 15,038 shares. Ntv Asset Limited Com holds 0.35% of its portfolio in Sysco Corporation (NYSE:SYY) for 18,273 shares. M&R Capital Mngmt holds 0.02% or 1,411 shares in its portfolio.

Since April 16, 2018, it had 0 insider buys, and 18 selling transactions for $1.05 billion activity. On Monday, September 10 Frank Joshua D. sold $158.24M worth of Sysco Corporation (NYSE:SYY) or 2.12 million shares. Moskowitz Paul T had sold 15,333 shares worth $996,645. 5,000 shares were sold by TILGHMAN RICHARD G, worth $332,200 on Friday, June 15. Grade Joel T. also sold $1.19 million worth of Sysco Corporation (NYSE:SYY) shares. Shares for $675,232 were sold by Todd Brian R on Wednesday, August 15.

The stock of Sysco Corporation (NYSE:SYY) registered a decrease of 9.41% in short interest. SYY’s total short interest was 14.05M shares in September as published by FINRA. Its down 9.41% from 15.50M shares, reported previously. With 2.70 million shares average volume, it will take short sellers 5 days to cover their SYY’s short positions. The short interest to Sysco Corporation’s float is 2.95%.

The stock increased 0.58% or $0.42 during the last trading session, reaching $73.25. About 2.16 million 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.

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.

Sysco Corporation (NYSE:SYY) Ratings Coverage

Among 6 analysts covering Sysco (NYSE:SYY), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Sysco had 9 analyst reports since April 18, 2018 according to SRatingsIntel. The company was maintained on Tuesday, May 8 by Credit Suisse. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, July 17. Argus Research maintained Sysco Corporation (NYSE:SYY) rating on Thursday, August 16. Argus Research has “Buy” rating and $86 target. The firm earned “Outperform” rating on Tuesday, August 14 by BMO Capital Markets. The firm has “Sell” rating given on Friday, August 10 by Pivotal Research. Morgan Stanley maintained it with “Equal-Weight” rating and $71 target in Tuesday, August 14 report. The company was maintained on Tuesday, June 19 by Citigroup. Morgan Stanley maintained it with “Equal-Weight” rating and $61 target in Tuesday, May 8 report.

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

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

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