Cambridge Financial Group INC Increases Stake in Sysco Corp (SYY)

October 13, 2017 - By reb123z

Investors sentiment increased to 0.87 in 2017 Q2. Its up 0.08, from 0.79 in 2017Q1. It is positive, as 44 investors sold SYY shares while 351 reduced holdings. 84 funds opened positions while 258 raised stakes. 414.66 million shares or 0.17% more from 413.94 million shares in 2017Q1 were reported. Bank Of Montreal Can holds 4.93 million shares. Moreover, M&T State Bank has 0.14% invested in SYSCO Corporation (NYSE:SYY). Riverhead Limited Liability Co accumulated 121,741 shares. Farmers Merchants Investments reported 209,620 shares. Ancora Ltd Liability Corporation invested in 13,163 shares or 0.04% of the stock. Newfocus Grp Lc owns 39,634 shares or 1.13% of their US portfolio. First Tru Advsrs Lp accumulated 695,773 shares or 0.09% of the stock. Pitcairn Communications, Pennsylvania-based fund reported 14,947 shares. Pathstone Family Office Ltd Liability Corp holds 28 shares. Prudential Financial stated it has 0.05% of its portfolio in SYSCO Corporation (NYSE:SYY). Ims Mgmt, a Oregon-based fund reported 6,112 shares. Johnson Invest Counsel accumulated 11,258 shares. Foundry Ptnrs Ltd Liability Corp invested in 223,495 shares or 0.46% of the stock. Livforsakringsbolaget Skandia Omsesidigt owns 9,924 shares. Tirschwell & Loewy holds 0.24% or 30,390 shares.

Since May 17, 2017, it had 0 insider buys, and 4 insider sales for $5.00 million activity. DeLaney William J III sold $1.63 million worth of SYSCO Corporation (NYSE:SYY) on Wednesday, May 17.

Cambridge Financial Group Inc increased its stake in Sysco Corp (SYY) by 96.51% based on its latest 2017Q2 regulatory filing with the SEC. Cambridge Financial Group Inc bought 107,753 shares as the company’s stock rose 4.26% with the market. The institutional investor held 219,407 shares of the food distributors company at the end of 2017Q2, valued at $11.04 billion, up from 111,654 at the end of the previous reported quarter. Cambridge Financial Group Inc who had been investing in Sysco Corp for a number of months, seems to be bullish on the $28.46B market cap company. The stock rose 0.19% or $0.1 reaching $54.55 per share. About 1.32M shares traded. SYSCO Corporation (NYSE:SYY) has risen 11.23% since October 13, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

Cambridge Financial Group Inc, which manages about $186.99 million US Long portfolio, decreased its stake in Western Digital Corp (NASDAQ:WDC) by 8,640 shares to 76,184 shares, valued at $6.75B in 2017Q2, according to the filing. It also reduced its holding in Archer Daniels Midland Co (NYSE:ADM) by 1,821 shares in the quarter, leaving it with 127,721 shares, and cut its stake in Fiserv Incorporated Wisconson (NASDAQ:FISV).

More notable recent SYSCO Corporation (NYSE:SYY) news were published by: Globenewswire.com which released: “Sysco’s Cutting Edge Solutions to Unveil New Products” on September 18, 2017, also Globenewswire.com with their article: “Sysco Donates $150000 for Hurricane Irma and Maria Relief Efforts” published on October 12, 2017, Streetinsider.com published: “Sysco Corp. (SYY) Appoints Sheila Talton to Board” on September 15, 2017. More interesting news about SYSCO Corporation (NYSE:SYY) were released by: Zacks.com and their article: “Reasons Why Sysco (SYY) Can Be a Great Pick for Investors” published on October 13, 2017 as well as Nasdaq.com‘s news article titled: “Sysco Corporation (SYY) Ex-Dividend Date Scheduled for October 05, 2017” with publication date: October 04, 2017.

SYSCO Corporation (NYSE:SYY) Ratings Coverage

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Sysco Corporation had 44 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Wells Fargo given on Monday, August 14. The stock of SYSCO Corporation (NYSE:SYY) earned “Outperform” rating by Macquarie Research on Tuesday, May 3. On Tuesday, June 27 the stock rating was maintained by BMO Capital Markets with “Buy”. As per Friday, June 23, the company rating was maintained by Wells Fargo. Goldman Sachs maintained the stock with “Sell” rating in Tuesday, May 3 report. As per Tuesday, December 15, the company rating was initiated by Goldman Sachs. On Monday, July 18 the stock rating was initiated by Deutsche Bank with “Hold”. The stock of SYSCO Corporation (NYSE:SYY) has “Buy” rating given on Tuesday, November 8 by Bank of America. Clevland Research upgraded SYSCO Corporation (NYSE:SYY) on Friday, March 11 to “Neutral” rating. As per Monday, June 19, the company rating was maintained by RBC Capital Markets.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.