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

October 13, 2017 - By Nellie Frank

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. Wellington Mngmt Gp Limited Liability Partnership reported 1.42 million shares. 393,597 were accumulated by Eagle Asset Management. Balyasny Asset Management Ltd Liability reported 47,344 shares. Principal Group Incorporated reported 0.04% stake. Navellier And Associates invested in 0.07% or 9,030 shares. Busey Company reported 0.04% stake. Barrett Asset Mgmt Lc invested 0.04% of its portfolio in SYSCO Corporation (NYSE:SYY). Maple Mgmt Inc owns 0.09% invested in SYSCO Corporation (NYSE:SYY) for 6,471 shares. Beach Investment Mgmt Lc has invested 0.23% of its portfolio in SYSCO Corporation (NYSE:SYY). Fifth Third Bank & Trust, a Ohio-based fund reported 211,767 shares. Homrich & Berg reported 0.05% of its portfolio in SYSCO Corporation (NYSE:SYY). 916,043 were reported by California State Teachers Retirement System. Ngam LP reported 0.06% stake. Trian Fund Mgmt LP holds 16.68% of its portfolio in SYSCO Corporation (NYSE:SYY) for 43.97M shares. Berkshire Asset Mngmt Lc Pa reported 0.23% of its portfolio in SYSCO Corporation (NYSE:SYY).

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

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 $28.46 billion 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 Assurant Inc. (NYSE:AIZ) by 1,241 shares to 62,530 shares, valued at $6.48B in 2017Q2, according to the filing. It also reduced its holding in Microsoft Corporation (NASDAQ:MSFT) by 2,230 shares in the quarter, leaving it with 89,045 shares, and cut its stake in Unitedhealth Group (NYSE:UNH).

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 Nasdaq.com with their article: “Sysco Corporation (SYY) Ex-Dividend Date Scheduled for October 05, 2017” published on October 04, 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: Globenewswire.com and their article: “Sysco’s Cutting Edge Solutions to Unveil New Products” published on September 18, 2017 as well as Globenewswire.com‘s news article titled: “Sysco Donates $150000 for Hurricane Irma and Maria Relief Efforts” with publication date: October 12, 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 firm has “Hold” rating by Deutsche Bank given on Monday, July 18. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 26 report. Jefferies maintained the shares of SYY in report on Thursday, August 3 with “Hold” rating. As per Tuesday, August 16, the company rating was maintained by JP Morgan. Pivotal Research maintained the shares of SYY in report on Tuesday, November 8 with “Hold” rating. The rating was maintained by Wells Fargo with “Buy” on Monday, July 17. The firm has “Neutral” rating given on Wednesday, November 16 by Credit Suisse. RBC Capital Markets maintained SYSCO Corporation (NYSE:SYY) on Monday, June 19 with “Hold” rating. As per Tuesday, May 3, the company rating was maintained by Goldman Sachs.

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