BB&T Securities LLC Has $2.37 Million Holdings in Sysco Corporation (SYY)

Marco Green
December 15, 2017

Nordea Investment Management AB now owns 1,928,089 shares of the company's stock worth $97,041,000 after purchasing an additional 1,381,441 shares during the last quarter. Institutional owners hold 83.10% stake in the company while Insiders ownership held at 0.30%. The stock decreased 1.17% or $0.79 during the last trading session, reaching $66.7.

The volatility measures taking place as price volatility of stock was 1.44% for a week and 1.62% for a month. It has outperformed by 4.06% the S&P500.

Carroll Financial Associates Inc decreased Sysco Corp Com (SYY) stake by 36.9% reported in 2017Q2 SEC filing. SYY's asset turnover ratio is 3.13 and the company has financial leverage of 7.28. Loop Capital increased their target price on shares of Sysco to $68.00 and gave the company a "buy" rating in a research report on Monday. Hhr Asset Management Llc acquired 405 shares as Priceline Grp Inc (PCLN)'s stock rose 10.44%. The stock increased 0.92% or $15.99 during the last trading session, reaching $1758.6.

SYY trades at a forward P/E of 20.66, a P/B of 14.53, and a P/S of 0.58, compared to a forward P/E of 18.11, a P/B of 2.51, and a P/S of 0.29 for USFD. Sysco Corporation (SYY) has risen 11.23% since December 14, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

Since August 23, 2017, it had 2 insider purchases, and 13 selling transactions for $16.89 million activity. The insider PELTZ NELSON sold 372,314 shares worth $19.77M. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock price of SYY is moving up from its 20 days moving average with 5.46% and isolated positively from 50 days moving average with 9.05%. Canaccord Genuity maintained the shares of XYL in report on Wednesday, November 1 with "Hold" rating. The company was upgraded on Monday, February 6 by Credit Suisse. The stock presently has a consensus rating of "Buy" and a consensus price target of $58.55. Oppenheimer maintained Xylem Inc. The stock has "Hold" rating by Zacks on Monday, September 21. Oppenheimer has "Outperform" rating and $38 target. On Wednesday, November 2 the stock rating was upgraded by Janney Capital to "Buy". Independent Port Consultants Incorporated accumulated 235 shares. The stock has "Hold" rating by Jefferies on Thursday, September 28.

Investors sentiment decreased to 1.05 in Q2 2017. Its down 0.03, from 1.06 in 2017Q1. It dropped, as 34 investors sold ICE shares while 225 reduced holdings. 62 funds opened positions while 169 raised stakes. Chemical Retail Bank reported 10,118 shares. Wade G W Inc invested in 0.15% or 22,799 shares. (NYSE:XYL). Patten And Patten Inc Tn holds 11,550 shares. Van Eck owns 56,134 shares. Woodley Farra Manion Management, Indiana-based fund reported 86,365 shares. Tctc Hldgs Lc reported 23,564 shares. (NYSE:ICE). Oppenheimer Com reported 6,010 shares. Frank Joshua D. also bought $47.75 million worth of Sysco Corporation (NYSE:SYY) on Friday, September 15. (NYSE:ICE). Advisory Ser Networks Limited Liability Co invested 0.13% in Intercontinental Exchange, Inc. (NYSE:ICE) for 89,989 shares. Commonwealth Equity Service has 61,051 shares for 0.02% of their portfolio. Clinton Grp accumulated 58,237 shares. American Interest Inc reported 0.01% in Xylem Inc. (NYSE:XYL). Cramer Rosenthal Mcglynn Limited Liability Corporation accumulated 1.21 million shares. The Hhr Asset Management Llc holds 43,782 shares with $81.90 million value, up from 43,377 last quarter. Clifford Swan Invest Counsel has 194,346 shares. Marshall Wace Ltd Liability Partnership stated it has 0.01% of its portfolio in Sysco Corporation (NYSE:SYY). Therefore 76% are positive. Analysts anticipate that Sysco Corporation will post $2.47 EPS for the current year. BMO Capital Markets maintained Sysco Corporation (NYSE:SYY) on Tuesday, June 27 with "Buy" rating. The stock of Sysco Corporation (NYSE:SYY) earned "Buy" rating by Bank of America on Tuesday, November 8. The rating was maintained by RBC Capital Markets with "Hold" on Friday, October 13. The company was maintained on Friday, June 23 by Wells Fargo. The company was maintained on Tuesday, August 16 by JP Morgan. Also, Director Trian Fund Management, L.P. purchased 889,561 shares of Sysco stock in a transaction dated Tuesday, September 19th. The stock has "Outperform" rating by Macquarie Research on Tuesday, May 3. Its down 0.02, from 1.07 in 2017Q1. It is negative, as 44 investors sold SYY shares while 351 reduced holdings.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Analysts are forecasting earnings of $0.64 on a per share basis this quarter. South Dakota Investment Council has 63,900 shares. Quantum Cap Mngmt has 0.2% invested in Sysco Corporation (NYSE:SYY). Peapack Gladstone Finance Corp holds 0% or 3,780 shares. Hourglass Ltd Co has 25,210 shares for 0.32% of their portfolio. Rational Advisors LLC's holdings in Sysco Corporation were worth $1,230,000 at the end of the most recent quarter. Peapack Gladstone Fincl Corporation has 151,183 shares for 0% of their portfolio.

Sysco Corporation (SYY) now trades with a market capitalization of $32.49 Billion. Regal Limited Liability owns 12,722 shares or 0.16% of their U.S. portfolio. National Planning Corp holds 25,509 shares or 0.1% of its portfolio.

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