Sysco Corporation (SYY) Surges to 52-Week High, Is Now Top Performer

July 13, 2018 - By Michele Cranor

Sysco Corporation (NYSE:SYY) Logo

Investors sentiment decreased to 0.8 in Q1 2018. Its down 0.10, from 0.9 in 2017Q4. It worsened, as 57 investors sold Sysco Corporation shares while 363 reduced holdings. 89 funds opened positions while 245 raised stakes. 408.53 million shares or 2.03% more from 400.42 million shares in 2017Q4 were reported.
Fisher Asset Mgmt Limited has invested 0% of its portfolio in Sysco Corporation (NYSE:SYY). Westpac Bk owns 165,794 shares or 0% of their US portfolio. Gam Holdings Ag holds 0.09% or 43,591 shares. First Bank & Trust owns 5,711 shares or 0.06% of their US portfolio. State Of Wisconsin Board reported 0.11% stake. Johnson Inv Counsel accumulated 0.02% or 14,004 shares. Barrett Asset Mgmt Ltd holds 0.07% or 16,781 shares in its portfolio. Lee Danner & Bass owns 1% invested in Sysco Corporation (NYSE:SYY) for 159,847 shares. Hbk Invests Lp accumulated 111,547 shares. Montag A Associates has 0.04% invested in Sysco Corporation (NYSE:SYY). Shayne And Com Lc stated it has 346,745 shares or 14.71% of all its holdings. Liberty Management accumulated 0.36% or 10,055 shares. Boston Advsr Ltd Com holds 0.01% of its portfolio in Sysco Corporation (NYSE:SYY) for 5,335 shares. Amalgamated Retail Bank holds 0.11% or 70,433 shares. Dearborn Limited Liability Corporation holds 0.03% or 6,844 shares.

Since January 16, 2018, it had 0 insider buys, and 15 sales for $312.29 million activity. Shurts Wayne had sold 15,275 shares worth $929,458. $1.19M worth of Sysco Corporation (NYSE:SYY) was sold by Grade Joel T.. Another trade for 2.28M shares valued at $150.74 million was made by Frank Joshua D. on Tuesday, June 12. Moskowitz Paul T had sold 15,333 shares worth $996,645. Another trade for 5,000 shares valued at $299,000 was made by TILGHMAN RICHARD G on Thursday, March 15. Goetz William W had sold 11,323 shares worth $702,026 on Tuesday, January 16.

The stock of Sysco Corporation (NYSE:SYY) hit a new 52-week high and has $77.10 target or 9.00 % above today’s $70.73 share price. The 9 months bullish chart indicates low risk for the $36.85B company. The 1-year high was reported on Jul, 13 by Barchart.com. If the $77.10 price target is reached, the company will be worth $3.32B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.27% or $0.89 during the last trading session, reaching $70.73. About 776,686 shares traded. Sysco Corporation (NYSE:SYY) has risen 19.79% since July 13, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on August, 13. They expect $0.94 EPS, up 30.56 % or $0.22 from last year’s $0.72 per share. SYY’s profit will be $489.72M for 18.81 P/E if the $0.94 EPS becomes a reality. After $0.67 actual EPS reported by Sysco Corporation for the previous quarter, Wall Street now forecasts 40.30 % EPS growth.

Sysco Corporation (NYSE:SYY) Ratings Coverage

Among 9 analysts covering Sysco (NYSE:SYY), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Sysco has $74.0 highest and $54.0 lowest target. $67.44’s average target is -4.65% below currents $70.73 stock price. Sysco had 13 analyst reports since January 16, 2018 according to SRatingsIntel. The stock of Sysco Corporation (NYSE:SYY) has “Buy” rating given on Tuesday, January 23 by BMO Capital Markets. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, May 8. The firm earned “Hold” rating on Monday, February 5 by Jefferies. The firm has “Outperform” rating given on Tuesday, May 8 by Credit Suisse. On Tuesday, March 27 the stock rating was maintained by Citigroup with “Neutral”. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, January 16. The rating was maintained by BMO Capital Markets with “Buy” on Monday, February 5. The company was maintained on Tuesday, February 6 by Loop Capital. RBC Capital Markets maintained it with “Hold” rating and $54.0 target in Thursday, February 1 report. The rating was maintained by Citigroup with “Neutral” on Tuesday, June 19.

Another recent and important Sysco Corporation (NYSE:SYY) news was published by Seekingalpha.com which published an article titled: “Sysco: Wait For A Pullback” on June 22, 2018.

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 $36.85 billion. It operates through three divisions: U.S. It has a 29.35 P/E ratio. Foodservice Operations, International Foodservice Operations, and SYGMA.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

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