How Goldman Currently Rates Sysco (NYSE:SYY)
Goldman issued Sell rating on Sysco (NYSE:SYY). The firm launched coverage on shares of SYY in recent note distributed to Clients on Tuesday morning.
From a total of 10 analysts covering Sysco Corporation (NYSE:SYY) stock, 2 rate it a ”Buy”, 3 a “Sell”, and 9 a ”Hold”. This means that 14% of the ratings are positive. The highest target price is $45 while the lowest target price is $29. The mean of all analyst targets is $39.7 with a -10.06% below today’s ($41.14) stock price. Sysco Corporation was the topic of 7 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Wells Fargo initiated shares on November 19 with “Outperform” rating. Pivotal Research initiated SYY stock in a recent report from August 6 with “Sell” rating.
The stock decreased 0.17% or $0.07 on December 15, striking $41.14. Approximately 3.61 million shares of stock traded hands. SYSCO Corporation (NYSE:SYY) has risen 12.56% since May 12, 2015 and is uptrending. It has outperformed by 16.24% the S&P500.
The overall sentiment of institutions has decreased to 0.74 in Q2 2015. Its down 0.13, from 0.87 in 2015Q2. The ratio turned negative, as 69 institutions have sold all the shares of SYSCO Corporation that they owned while 375 funds have taken shares off the table. 74 funds have purchased shares for the first time while 256 added to their positions. These institutions now hold 426.84 million shares or 5.55% less than the 451.93 million shares they owned in 2015Q2.
The Fund Trian Fund Management L.P. currently is holding shares equating to 13.78% of its total portfolio in SYSCO Corporation representing a total of 41.41 million shares. Another fund,Shayne & Co. Llc, is holding a total of 390,731 shares equating to 13.04% of their holdings. Additionally, Tyvor Capital Llc has a 705,486 share stake in SYSCO Corporation which represents 9.1% of their total portfolio. The Fund, Yacktman Asset Management Lp, based out of Texas, has also built up a stake in the stock, which represents a total of 6.6% of their total portfolio. Finally Fidelity National Financial Inc., a fund which is based in the state of Florida reported a total holdings of 481,045 shares.
Insider activity is a very important aspect to track on any stock. Going back to October 16, 2015, shareholders of SYSCO Corporation have witnessed 0 insider buys, and a total of 1 insider sale equating to a net activity of approximately $1.02 million . Delaney William J Iii sold 25,001 shares worth approximately $1.02M.
Sysco Corporation along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The company has a market cap of $23.27 billion. The Firm provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. It has 37.77 P/E ratio. Sysco provides food and related products to the foodservice or food-away-from-home industry.
According to Zacks Investment Research, “Sysco Corporation is the largest North American distributor of food and food related products to the foodservice or food-prepared-away-from-home industry. The company provides its products and services to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.”