Sysco Corp (SYY) Valuation Rose While South Texas Money Management LTD Has Raised Stake

November 21, 2017 - By Migdalia James

Investors sentiment increased to 0.87 in 2017 Q2. 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. Diversified Strategies Limited Liability Corp holds 2.33% or 48,150 shares in its portfolio. Clifford Swan Counsel Limited Liability Corporation invested in 194,346 shares or 0.61% of the stock. Lazard Asset Management Limited Co owns 0.09% invested in SYSCO Corporation (NYSE:SYY) for 886,713 shares. Schaper Benz & Wise Investment Counsel Wi reported 319,349 shares. Rhumbline Advisers invested 0.1% in SYSCO Corporation (NYSE:SYY). Goelzer Mgmt reported 0.52% of its portfolio in SYSCO Corporation (NYSE:SYY). Moreover, Mondrian Partners has 0% invested in SYSCO Corporation (NYSE:SYY) for 1,000 shares. Loomis Sayles And LP has 0% invested in SYSCO Corporation (NYSE:SYY) for 71 shares. Fjarde Ap, a Alabama-based fund reported 118,154 shares. Vision Cap Management invested in 1.24% or 72,015 shares. Glenview Bancorporation Tru Dept holds 1.1% of its portfolio in SYSCO Corporation (NYSE:SYY) for 42,767 shares. Wealthtrust Axiom holds 5,600 shares or 0.11% of its portfolio. Bath Savings Tru, a Maine-based fund reported 42,840 shares. Fragasso Group Inc Incorporated Inc has 0.17% invested in SYSCO Corporation (NYSE:SYY). Carlson Capital Limited Partnership owns 854,346 shares for 0.61% of their portfolio.

Since May 24, 2017, it had 0 insider purchases, and 2 insider sales for $2.53 million activity. DeLaney William J III also sold $1.67M worth of SYSCO Corporation (NYSE:SYY) shares.

South Texas Money Management Ltd increased its stake in Sysco Corp (SYY) by 10.35% based on its latest 2017Q2 regulatory filing with the SEC. South Texas Money Management Ltd bought 87,189 shares as the company’s stock rose 4.26% with the market. The institutional investor held 929,854 shares of the food distributors company at the end of 2017Q2, valued at $46.80M, up from 842,665 at the end of the previous reported quarter. South Texas Money Management Ltd who had been investing in Sysco Corp for a number of months, seems to be bullish on the $28.51 billion market cap company. The stock declined 0.47% or $0.26 reaching $54.71 on the news. About 759,304 shares traded. SYSCO Corporation (NYSE:SYY) has risen 11.23% since November 21, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

South Texas Money Management Ltd, which manages about $2.17B and $2.03 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 198,110 shares to 712,450 shares, valued at $49.11M in 2017Q2, according to the filing.

More notable recent SYSCO Corporation (NYSE:SYY) news were published by: Seekingalpha.com which released: “A Look Into Sysco’s Valuation” on November 09, 2017, also Twst.com with their article: “Sysco Corporation: Sysco Completes Acquisition of Mayca Distribuidores of …” published on November 06, 2017, Seekingalpha.com published: “Sysco Looks Like A Decent Deal Here” on November 15, 2017. More interesting news about SYSCO Corporation (NYSE:SYY) were released by: Seekingalpha.com and their article: “Tracking Nelson Peltz’s Trian Fund Management Portfolio – Q3 2017 Update” published on November 21, 2017 as well as Twst.com‘s news article titled: “Sysco Corporation: Sysco to Release First Quarter Fiscal 2018 Financial …” with publication date: October 23, 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 47 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was initiated by Goldman Sachs on Tuesday, December 15 with “Sell”. As per Monday, July 18, the company rating was initiated by Deutsche Bank. Wells Fargo maintained the shares of SYY in report on Monday, August 14 with “Buy” rating. On Friday, December 9 the stock rating was upgraded by Goldman Sachs to “Neutral”. The rating was initiated by Bank of America on Monday, June 20 with “Neutral”. The firm has “Neutral” rating by Guggenheim given on Wednesday, April 12. The company was maintained on Monday, July 17 by Wells Fargo. The firm has “Overweight” rating by J P Morgan Chase Co given on Friday, June 23. Credit Suisse downgraded the stock to “Neutral” rating in Wednesday, November 16 report. The firm earned “Hold” rating on Friday, August 11 by Pivotal Research.

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