Pennsylvania Trust Co Has Decreased Sysco (SYY) Holding By $2.45 Million; Bob Evans Farms (BOBE) Has 1.42 Sentiment

December 7, 2017 - By Vivian Park

Bob Evans Farms, Inc. produces and distributes food products for grocery retailers in the United States. The company has market cap of $1.56 billion. The companyÂ’s products include refrigerated and frozen food items, including mashed potatoes, diced and shredded breakfast potatoes, Homestyle broccoli and cheese, seasoned Homestyle stuffing, six cheese pasta and sliced glazed apples, sausages, egg and cheese biscuits, sausage biscuits, egg and cheese croissant, breakfast burritos, breakfast bowls and kolaches, and soups, as well as sausage gravies; and fresh, smoked, and fully cooked pork and turkey sausage, ham, and hickory-smoked bacon products, as well as its oven bake scalloped potatoes, oven bake macaroni and cheese, oven bake double cheddar pasta with applewood smoked bacon, and oven bake southwest products. It has a 12.64 P/E ratio. It provides its home-style refrigerated side-dishes, pork sausage products, and various related frozen food items under the Bob Evans, Owens, Country Creek, and Pineland Farms brands, as well as its retail customers' private-label brands.

Pennsylvania Trust Co decreased Sysco Corp (SYY) stake by 51.59% reported in 2017Q2 SEC filing. Pennsylvania Trust Co sold 48,914 shares as Sysco Corp (SYY)’s stock rose 4.26%. The Pennsylvania Trust Co holds 45,902 shares with $2.31M value, down from 94,816 last quarter. Sysco Corp now has $31.77B valuation. The stock increased 2.44% or $1.45 during the last trading session, reaching $60.97. About 2.73M shares traded or 15.23% up from the average. Sysco Corporation (NYSE:SYY) has risen 11.23% since December 7, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on February, 5. They expect $0.64 EPS, up 10.34% or $0.06 from last year’s $0.58 per share. SYY’s profit will be $333.48M for 23.82 P/E if the $0.64 EPS becomes a reality. After $0.74 actual EPS reported by Sysco Corporation for the previous quarter, Wall Street now forecasts -13.51% negative EPS growth.

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Sysco Corporation had 47 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, February 6 by Credit Suisse. The firm has “Buy” rating given on Friday, February 5 by Argus Research. The rating was upgraded by Goldman Sachs to “Neutral” on Friday, December 9. Deutsche Bank maintained Sysco Corporation (NYSE:SYY) on Wednesday, August 26 with “Hold” rating. The firm earned “Buy” rating on Monday, July 17 by Wells Fargo. The firm has “Buy” rating by Bank of America given on Tuesday, November 8. The stock of Sysco Corporation (NYSE:SYY) has “Buy” rating given on Monday, August 14 by Wells Fargo. The firm has “Outperform” rating given on Thursday, November 19 by Wells Fargo. The stock of Sysco Corporation (NYSE:SYY) has “Neutral” rating given on Wednesday, November 16 by Credit Suisse. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, February 7.

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. 2,800 are owned by Endurance Wealth. Fin Architects Incorporated holds 0.02% or 2,200 shares in its portfolio. Pinnacle Associates reported 10,871 shares or 0.01% of all its holdings. Fil Ltd accumulated 0.05% or 323,881 shares. Kempen Capital Nv holds 0.25% of its portfolio in Sysco Corporation (NYSE:SYY) for 53,300 shares. Principal Fin Gp holds 769,997 shares. Clearbridge Investments Ltd Liability Co has 0.19% invested in Sysco Corporation (NYSE:SYY) for 3.79 million shares. Woodley Farra Manion Portfolio invested in 86,365 shares. Vigilant Ltd Liability has invested 0.26% in Sysco Corporation (NYSE:SYY). Wilbanks Smith & Thomas Asset Mgmt Lc holds 13,767 shares. Mariner Wealth Lc holds 0.02% of its portfolio in Sysco Corporation (NYSE:SYY) for 9,564 shares. Glenmede Tru Na holds 0.54% in Sysco Corporation (NYSE:SYY) or 2.19M shares. Victory Cap Management stated it has 0.34% of its portfolio in Sysco Corporation (NYSE:SYY). First Foundation Advisors stated it has 7,353 shares. Fiduciary Svcs Of The Southwest Incorporated Tx accumulated 0.25% or 15,930 shares.

Since June 12, 2017, it had 0 buys, and 2 insider sales for $2.53 million activity. $862,914 worth of stock was sold by Shurts Wayne on Monday, June 12. $1.67 million worth of Sysco Corporation (NYSE:SYY) was sold by DeLaney William J III on Wednesday, June 14.

Pennsylvania Trust Co increased Dominion Energy Inc (NYSE:D) stake by 14,440 shares to 142,680 valued at $10.93 million in 2017Q2. It also upped Union Pac Corp (NYSE:UNP) stake by 46,601 shares and now owns 142,230 shares. Enterprise Prods Partners L (NYSE:EPD) was raised too.

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