Cambridge Financial Group INC Has Lifted Its Position in Sysco Corp (SYY) by $5.42 Billion

October 13, 2017 - By Marie Mckinney

Investors sentiment increased to 0.87 in Q2 2017. Its up 0.08, from 0.79 in 2017Q1. It is positive, as 44 investors sold SYY shares while 351 reduced holdings. 84 funds opened positions while 258 raised stakes. 414.66 million shares or 0.17% more from 413.94 million shares in 2017Q1 were reported. 185 are owned by Tarbox Family Office. United Serv Automobile Association invested in 0.02% or 161,346 shares. Toth Fincl Advisory Corporation owns 124,999 shares. 93,126 were accumulated by Strategy Asset Managers Limited Liability Corporation. 10,448 are owned by Smith Moore & Company. First Midwest Comml Bank Tru Division reported 60,386 shares stake. Raymond James Fin Svcs Advsrs Inc reported 228,093 shares stake. Rathbone Brothers Public Ltd Company owns 38,310 shares. 189,777 were reported by Lodestar Investment Counsel Ltd Limited Liability Company Il. Jnba Fincl Advisors holds 0.02% of its portfolio in SYSCO Corporation (NYSE:SYY) for 1,572 shares. San Francisco Sentry Investment Group Incorporated (Ca) holds 0% in SYSCO Corporation (NYSE:SYY) or 69 shares. Bridgeway Mgmt, a Texas-based fund reported 109,400 shares. Synovus accumulated 5,972 shares. Sumitomo Life Com holds 20,454 shares or 0.13% of its portfolio. Wealthtrust has 13 shares.

Since May 17, 2017, it had 0 buys, and 4 sales for $5.00 million activity. The insider DeLaney William J III sold 30,000 shares worth $1.63M.

Cambridge Financial Group Inc increased its stake in Sysco Corp (SYY) by 96.51% based on its latest 2017Q2 regulatory filing with the SEC. Cambridge Financial Group Inc bought 107,753 shares as the company’s stock rose 4.26% with the market. The institutional investor held 219,407 shares of the food distributors company at the end of 2017Q2, valued at $11.04B, up from 111,654 at the end of the previous reported quarter. Cambridge Financial Group Inc who had been investing in Sysco Corp for a number of months, seems to be bullish on the $28.46 billion market cap company. The stock rose 0.19% or $0.1 reaching $54.55 per share. About 1.32M shares traded. SYSCO Corporation (NYSE:SYY) has risen 11.23% since October 13, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

Cambridge Financial Group Inc, which manages about $186.99M US Long portfolio, decreased its stake in Microsoft Corporation (NASDAQ:MSFT) by 2,230 shares to 89,045 shares, valued at $6.14B in 2017Q2, according to the filing. It also reduced its holding in Cardinal Health (NYSE:CAH) by 1,321 shares in the quarter, leaving it with 71,435 shares, and cut its stake in Mcdonalds Corp (NYSE:MCD).

More notable recent SYSCO Corporation (NYSE:SYY) news were published by: Zacks.com which released: “Reasons Why Sysco (SYY) Can Be a Great Pick for Investors” on October 13, 2017, also Globenewswire.com with their article: “Sysco’s Cutting Edge Solutions to Unveil New Products” published on September 18, 2017, Streetinsider.com published: “Sysco Corp. (SYY) Appoints Sheila Talton to Board” on September 15, 2017. More interesting news about SYSCO Corporation (NYSE:SYY) were released by: Globenewswire.com and their article: “Sysco Donates $150000 for Hurricane Irma and Maria Relief Efforts” published on October 12, 2017 as well as Nasdaq.com‘s news article titled: “Sysco Corporation (SYY) Ex-Dividend Date Scheduled for October 05, 2017” with publication date: October 04, 2017.

SYSCO Corporation (NYSE:SYY) Ratings Coverage

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Sysco Corporation had 44 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Tuesday, June 27. Bank of America upgraded SYSCO Corporation (NYSE:SYY) on Tuesday, November 8 to “Buy” rating. The firm has “Overweight” rating given on Tuesday, February 7 by JP Morgan. On Tuesday, June 20 the stock rating was maintained by Jefferies with “Hold”. Argus Research upgraded SYSCO Corporation (NYSE:SYY) on Friday, February 5 to “Buy” rating. As per Monday, July 18, the company rating was initiated by Deutsche Bank. BMO Capital Markets upgraded it to “Outperform” rating and $60 target in Friday, May 5 report. RBC Capital Markets maintained the stock with “Hold” rating in Monday, June 19 report. The stock of SYSCO Corporation (NYSE:SYY) earned “Hold” rating by Pivotal Research on Tuesday, November 8. The rating was maintained by Credit Suisse with “Outperform” on Friday, February 19.

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 FREE daily email newsletter.