Cambridge Financial Group INC Has Lifted Position in Sysco Corp (SYY)

October 13, 2017 - By Vivian Currie

Investors sentiment increased to 0.87 in 2017 Q2. Its up 0.08, from 0.79 in 2017Q1. It increased, 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. Florida-based Ifc Fl has invested 0.02% in SYSCO Corporation (NYSE:SYY). The Maryland-based Wms Ptnrs Limited Liability Company has invested 0.05% in SYSCO Corporation (NYSE:SYY). Solaris Asset Mgmt Ltd Limited Liability Company holds 130 shares or 0% of its portfolio. Cambridge Investment Research stated it has 0.04% of its portfolio in SYSCO Corporation (NYSE:SYY). 17,800 were reported by Wg Shaheen & Assocs Dba Whitney &. 5,090 were reported by Headinvest Limited Liability Corporation. Adirondack stated it has 0.01% of its portfolio in SYSCO Corporation (NYSE:SYY). Janney Montgomery Scott Ltd, a Pennsylvania-based fund reported 217,573 shares. 334,270 were accumulated by Citadel Advisors Limited Company. Cibc Incorporated holds 30,495 shares or 0.01% of its portfolio. Altavista Wealth Mngmt, a North Carolina-based fund reported 13,701 shares. Barclays Public Limited holds 0.02% or 376,705 shares in its portfolio. Liberty Mutual Grp Asset Mngmt Incorporated invested in 0.06% or 31,575 shares. North Star Inv Mngmt Corporation has invested 0.01% in SYSCO Corporation (NYSE:SYY). 30,500 are held by Louisiana State Employees Retirement Sys.

Since May 17, 2017, it had 0 insider buys, and 4 selling transactions for $5.00 million activity. DeLaney William J III sold $1.63 million worth of stock.

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 $11.04B, 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 $186.99M US Long portfolio, decreased its stake in Zions Banccorp (NASDAQ:ZION) by 353 shares to 140,884 shares, valued at $6.19B 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 Assurant Inc. (NYSE:AIZ).

More notable recent SYSCO Corporation (NYSE:SYY) news were published by: Zacks.com which released: “Reasons Why Sysco (SYY) Can Be a Great Pick for Investors” on October 13, 2017, also Globenewswire.com with their article: “Sysco’s Cutting Edge Solutions to Unveil New Products” published on September 18, 2017, Nasdaq.com published: “Sysco Corporation (SYY) Ex-Dividend Date Scheduled for October 05, 2017” on October 04, 2017. More interesting news about SYSCO Corporation (NYSE:SYY) were released by: Globenewswire.com and their article: “Sysco Donates $150000 for Hurricane Irma and Maria Relief Efforts” published on October 12, 2017 as well as Streetinsider.com‘s news article titled: “Sysco Corp. (SYY) Appoints Sheila Talton to Board” with publication date: September 15, 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 company was maintained on Thursday, August 3 by BMO Capital Markets. The stock has “Sell” rating by Goldman Sachs on Tuesday, May 3. The stock of SYSCO Corporation (NYSE:SYY) earned “Underweight” rating by Barclays Capital on Friday, September 23. Jefferies maintained the stock with “Hold” rating in Tuesday, June 20 report. The firm earned “Buy” rating on Monday, August 14 by Wells Fargo. On Wednesday, April 12 the stock rating was maintained by Guggenheim with “Neutral”. Wells Fargo maintained the shares of SYY in report on Friday, June 23 with “Buy” rating. The rating was upgraded by Argus Research on Friday, February 5 to “Buy”. The stock of SYSCO Corporation (NYSE:SYY) earned “Neutral” rating by Clevland Research on Friday, March 11. The stock of SYSCO Corporation (NYSE:SYY) has “Overweight” rating given on Tuesday, February 7 by JP Morgan.

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