Sysco Corporation (SYY) EPS Estimated At $0.94

July 14, 2018 - By Michele Cranor

Sysco Corporation (NYSE:SYY) LogoInvestors sentiment decreased to 0.8 in 2018 Q1. Its down 0.10, from 0.9 in 2017Q4. It turned negative, 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.
Union Comml Bank has invested 0.28% of its portfolio in Sysco Corporation (NYSE:SYY). Salem Inv Counselors reported 65,631 shares. Cwm Ltd Llc reported 637 shares or 0% of all its holdings. Montecito National Bank & Tru invested in 0.07% or 3,722 shares. Credit Suisse Ag owns 0.03% invested in Sysco Corporation (NYSE:SYY) for 625,134 shares. Mufg Americas Holding Corporation has invested 0.01% in Sysco Corporation (NYSE:SYY). 41,178 are held by Laffer. Estabrook owns 605 shares for 0% of their portfolio. State Of Wisconsin Board has invested 0.11% in Sysco Corporation (NYSE:SYY). 774,413 were accumulated by Pictet Asset Ltd. Stevens First Principles Invest holds 83,530 shares or 3.06% of its portfolio. C M Bidwell And Ltd invested in 6,980 shares or 0.38% of the stock. Fayez Sarofim Company, Texas-based fund reported 43,365 shares. Stone Ridge Asset Management Lc stated it has 0.15% of its portfolio in Sysco Corporation (NYSE:SYY). Linscomb Williams holds 0.03% of its portfolio in Sysco Corporation (NYSE:SYY) for 6,358 shares.

Since January 16, 2018, it had 0 buys, and 15 insider sales for $312.29 million activity. TILGHMAN RICHARD G sold $303,100 worth of stock. Frank Joshua D. sold $150.74M worth of stock. Another trade for 15,275 shares valued at $929,458 was sold by Shurts Wayne. The insider Grade Joel T. sold $1.19 million. Goetz William W also sold $702,026 worth of Sysco Corporation (NYSE:SYY) shares. PELTZ NELSON had sold 2.28 million shares worth $150.74M.

Analysts expect Sysco Corporation (NYSE:SYY) to report $0.94 EPS on August, 13.They anticipate $0.22 EPS change or 30.56 % from last quarter’s $0.72 EPS. SYY’s profit would be $489.73 million giving it 18.81 P/E if the $0.94 EPS is correct. After having $0.67 EPS previously, Sysco Corporation’s analysts see 40.30 % EPS growth. The stock increased 1.29% or $0.9 during the last trading session, reaching $70.74. About 1.55 million shares traded. Sysco Corporation (NYSE:SYY) has risen 19.79% since July 14, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.

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 had 13 analyst reports since January 16, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, June 19 by Citigroup. Jefferies maintained Sysco Corporation (NYSE:SYY) rating on Monday, February 5. Jefferies has “Hold” rating and $67.0 target. The stock of Sysco Corporation (NYSE:SYY) has “Neutral” rating given on Tuesday, March 27 by Citigroup. The stock of Sysco Corporation (NYSE:SYY) has “Buy” rating given on Tuesday, January 23 by BMO Capital Markets. Morgan Stanley maintained it with “Equal-Weight” rating and $61 target in Tuesday, May 8 report. The rating was maintained by BMO Capital Markets on Monday, February 5 with “Buy”. The stock of Sysco Corporation (NYSE:SYY) has “Equal-Weight” rating given on Tuesday, January 16 by Morgan Stanley. The stock has “Buy” rating by Loop Capital on Tuesday, February 6. The company was maintained on Tuesday, February 6 by Bank of America. Credit Suisse maintained the shares of SYY in report on Tuesday, May 8 with “Outperform” rating.

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 $36.86 billion. It operates through three divisions: U.S. It has a 29.35 P/E ratio. Foodservice Operations, International Foodservice Operations, and SYGMA.

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 (NYSE:SYY) Institutional Positions Chart

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