Today’s Short Interest Alert: Sysco Corporation (NYSE:SYY)’s Trend Unknown, Especially After Increased Shorts

November 17, 2016 - By Adrian Mccoy   ·   0 Comments

Today's Short Interest Alert: Sysco Corporation (NYSE:SYY)’s Trend Unknown, Especially After Increased Shorts

The stock of Sysco Corporation (NYSE:SYY) registered an increase of 15.59% in short interest. SYY’s total short interest was 17.98 million shares in November as published by FINRA. Its up 15.59% from 15.56 million shares, reported previously. With 4.57 million shares average volume, it will take short sellers 4 days to cover their SYY’s short positions. The short interest to Sysco Corporation’s float is 3.53%. About 4 shares traded hands. SYSCO Corporation (NYSE:SYY) has risen 13.48% since April 15, 2016 and is uptrending. It has outperformed by 8.85% the S&P500.

Sysco Corporation is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The company has a market cap of $29.06 billion. The Company’s divisions include Broadline, SYGMA and Other. It has a 29.27 P/E ratio. The Broadline segment includes its Broadline activities located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

Insitutional Activity: The institutional sentiment increased to 0.96 in Q2 2016. Its up 0.03, from 0.93 in 2016Q1. The ratio improved, as 39 funds sold all SYSCO Corporation shares owned while 347 reduced positions. 86 funds bought stakes while 284 increased positions. They now own 417.36 million shares or 6.17% less from 444.80 million shares in 2016Q1.
Burt Wealth Advisors last reported 1,600 shares in the company. Goldman Sachs Group has 0.08% invested in the company for 4.60 million shares. Amg Natl Tru Bancorporation accumulated 15,131 shares or 0.07% of the stock. Herndon Cap Mgmt Lc holds 0% or 48 shares in its portfolio. Prudential Financial Inc accumulated 768,407 shares or 0.07% of the stock. The Texas-based Exxonmobil Investment Tx has invested 0.15% in SYSCO Corporation (NYSE:SYY). Ladenburg Thalmann Finance Services owns 91,111 shares or 0.07% of their US portfolio. Allianz Asset Mgmt Ag accumulated 25,115 shares or 0% of the stock. The Massachusetts-based Putnam Investments Ltd Limited Liability Company has invested 0.03% in SYSCO Corporation (NYSE:SYY). Bank Of Hawaii last reported 0.03% of its portfolio in the stock. Millennium Management Limited Company holds 477,826 shares or 0.06% of its portfolio. Delta Lloyd Nv reported 32,833 shares or 0.06% of all its holdings. South State accumulated 1.28% or 168,724 shares. Massmutual Trust Fsb Adv last reported 0% of its portfolio in the stock. Wheatland Advisors Inc accumulated 0.93% or 19,128 shares.

Insider Transactions: Since May 18, 2016, the stock had 1 insider purchase, and 18 insider sales for $28.69 million net activity. Grade Joel T. had sold 16,398 shares worth $836,298. Another trade for 20,114 shares valued at $975,529 was sold by DeLaney William J III. Bertrand Greg D sold $838,035 worth of stock. Day William B. sold 114,750 shares worth $5.58M. 74,271 shares were sold by Moskowitz Paul T, worth $3.82M on Monday, November 7. 40,000 shares were sold by Libby Russell T., worth $2.05 million. Another trade for 7,000 shares valued at $340,130 was sold by HAFNER JOSEPH A JR.

SYSCO Corporation (NYSE:SYY) Ratings Coverage

Out of 13 analysts covering Sysco Corporation (NYSE:SYY), 4 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 31% are positive. Sysco Corporation has been the topic of 23 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, June 20 by Bank of America. JP Morgan maintained it with “Neutral” rating and $57 target price in Tuesday, August 16 report. The rating was initiated by Pivotal Research on Thursday, August 6 with “Sell”. The firm earned “Buy” rating on Tuesday, November 8 by Bank of America. The firm earned “Neutral” rating on Wednesday, November 16 by Credit Suisse. Pivotal Research maintained the shares of SYY in a report on Tuesday, November 8 with “Hold” rating. Credit Suisse maintained SYSCO Corporation (NYSE:SYY) on Friday, February 19 with “Outperform” rating. The firm earned “Hold” rating on Wednesday, August 26 by Deutsche Bank. The stock of SYSCO Corporation (NYSE:SYY) has “Sell” rating given on Tuesday, December 15 by Goldman Sachs. The rating was initiated by Wells Fargo with “Outperform” on Thursday, November 19.

SYY Company Profile

Sysco Corporation (Sysco), incorporated on May 8, 1969, is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s divisions include Broadline, SYGMA and Other. The Company’s Broadline segment is an aggregation of its Broadline activities located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States. Broadline operating companies distribute a full line of food products and a range of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served. SYGMA operating companies distribute a full line of food products and a range of non-food products to certain chain restaurant customer locations. The Other segment includes the Company’s specialty produce; custom-cut meat operations; lodging industry divisions; a firm that distributes specialty imported products; a firm that distributes to international customers, and Sysco Ventures platform, which includes a suite of technology solutions that help in supporting the business needs of Sysco’s customers. The Firm operates through its subsidiaries and divisions.

Another recent and important SYSCO Corporation (NYSE:SYY) news was published by Seekingalpha.com which published an article titled: “Dividend Aristocrats In Focus Part 40: Sysco” on November 15, 2016.

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By Adrian Mccoy


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