$1.43 EPS Expected for Middleby (MIDD); Van Eck Associates Has Cut Sysco (SYY) Stake

November 4, 2017 - By Michael Collier

Analysts expect Middleby Corp (NASDAQ:MIDD) to report $1.43 EPS on November, 14.They anticipate $0.09 EPS change or 6.72% from last quarter’s $1.34 EPS. MIDD’s profit would be $82.35 million giving it 20.80 P/E if the $1.43 EPS is correct. After having $1.39 EPS previously, Middleby Corp’s analysts see 2.88% EPS growth. The stock increased 2.00% or $2.33 on November 3, reaching $118.95. About 473,458 shares traded. Middleby Corp (NASDAQ:MIDD) has risen 8.18% since November 4, 2016 and is uptrending. It has underperformed by 8.52% the S&P500.

Van Eck Associates Corp decreased Sysco Corp (SYY) stake by 11.96% reported in 2017Q2 SEC filing. Van Eck Associates Corp sold 7,625 shares as Sysco Corp (SYY)’s stock rose 4.26%. The Van Eck Associates Corp holds 56,134 shares with $2.83M value, down from 63,759 last quarter. Sysco Corp now has $29.62B valuation. The stock increased 1.47% or $0.82 on November 3, reaching $56.66. About 4.34 million shares traded or 126.04% up from the average. SYSCO Corporation (NYSE:SYY) has risen 11.23% since November 4, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

Analysts await SYSCO Corporation (NYSE:SYY) to report earnings on November, 6. They expect $0.73 earnings per share, up 8.96% or $0.06 from last year’s $0.67 per share. SYY’s profit will be $381.62M for 19.40 P/E if the $0.73 EPS becomes a reality. After $0.72 actual earnings per share reported by SYSCO Corporation for the previous quarter, Wall Street now forecasts 1.39% EPS growth.

Since May 17, 2017, it had 0 buys, and 4 insider sales for $5.00 million activity. $1.67 million worth of stock was sold by DeLaney William J III on Wednesday, June 14. $862,914 worth of stock was sold by Shurts Wayne on Monday, June 12.

Van Eck Associates Corp increased Vanguard Ftse Emerging Markets Etf (VWO) stake by 10,473 shares to 13,445 valued at $549,000 in 2017Q2. It also upped Rsp Permian Inc (NYSE:RSPP) stake by 463,708 shares and now owns 1.71M shares. Guidewire Software Inc (NYSE:GWRE) was raised too.

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Sysco Corporation had 46 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, August 11 by RBC Capital Markets. The company was initiated on Thursday, November 19 by Wells Fargo. On Tuesday, February 7 the stock rating was upgraded by JP Morgan to “Overweight”. Bank of America upgraded the shares of SYY in report on Tuesday, November 8 to “Buy” rating. The stock has “Hold” rating by Jefferies on Thursday, September 28. The stock of SYSCO Corporation (NYSE:SYY) has “Outperform” rating given on Friday, May 5 by BMO Capital Markets. The company was maintained on Tuesday, May 3 by Goldman Sachs. The firm has “Neutral” rating given on Wednesday, April 12 by Guggenheim. The rating was maintained by Macquarie Research with “Outperform” on Tuesday, May 3. The company was upgraded on Friday, February 5 by Argus Research.

Investors sentiment increased to 0.87 in Q2 2017. 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. Mengis Management Incorporated accumulated 7,580 shares or 0.27% of the stock. Argi Invest Svcs Limited Liability Company holds 0.07% in SYSCO Corporation (NYSE:SYY) or 17,273 shares. Winslow Evans And Crocker Inc invested in 0% or 14,300 shares. Geneva Advisors Limited holds 9,640 shares or 0.01% of its portfolio. Lynch & Assoc In stated it has 1.14% in SYSCO Corporation (NYSE:SYY). Salem Inv Counselors accumulated 68,724 shares or 0.4% of the stock. Blue Chip Ptnrs holds 0.05% or 2,967 shares in its portfolio. Moreover, Beach Mngmt Lc has 0.23% invested in SYSCO Corporation (NYSE:SYY) for 43,662 shares. Loring Wolcott Coolidge Fiduciary Llp Ma reported 250,944 shares. Cypress Asset Mngmt Tx, Texas-based fund reported 20,264 shares. Linscomb Williams stated it has 0.03% in SYSCO Corporation (NYSE:SYY). Cypress Cap Mgmt Limited Liability Corp (Wy) accumulated 0% or 6,380 shares. Cadence Cap Ltd Liability Company holds 102,051 shares or 0.36% of its portfolio. Pub Sector Pension Investment Board invested 0.02% of its portfolio in SYSCO Corporation (NYSE:SYY). Davidson Invest Advsr stated it has 7,125 shares or 0.05% of all its holdings.

Among 7 analysts covering Middleby (NASDAQ:MIDD), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Middleby had 13 analyst reports since November 12, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, June 22 by BMO Capital Markets. KeyBanc Capital Markets initiated Middleby Corp (NASDAQ:MIDD) rating on Tuesday, February 14. KeyBanc Capital Markets has “Overweight” rating and $157 target. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, August 10 report. The company was downgraded on Thursday, December 15 by Macquarie Research. The stock of Middleby Corp (NASDAQ:MIDD) has “Buy” rating given on Friday, September 29 by BMO Capital Markets. Deutsche Bank initiated it with “Hold” rating and $123 target in Wednesday, September 7 report. The rating was maintained by Robert W. Baird on Thursday, October 19 with “Buy”. The firm earned “Outperform” rating on Wednesday, January 13 by Macquarie Research. The stock of Middleby Corp (NASDAQ:MIDD) has “Outperform” rating given on Friday, August 11 by Robert W. Baird. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Monday, October 16.

Investors sentiment decreased to 1.05 in Q2 2017. Its down 0.03, from 1.08 in 2017Q1. It dropped, as 38 investors sold Middleby Corp shares while 120 reduced holdings. 41 funds opened positions while 125 raised stakes. 51.63 million shares or 0.25% more from 51.50 million shares in 2017Q1 were reported. Pictet Asset Mgmt reported 297,504 shares. Osterweis Cap owns 0.19% invested in Middleby Corp (NASDAQ:MIDD) for 20,976 shares. Plante Moran Financial Advisors Limited Liability accumulated 264 shares. Commonwealth Equity reported 5,349 shares. Advisors Asset invested in 0.01% or 5,836 shares. 96 are owned by Tci Wealth. Assetmark accumulated 620 shares or 0% of the stock. Independent Consultants Inc, Florida-based fund reported 2,061 shares. Bb&T Limited Liability Com has invested 0.02% of its portfolio in Middleby Corp (NASDAQ:MIDD). State Common Retirement Fund has invested 0.04% in Middleby Corp (NASDAQ:MIDD). 1.02M were reported by State Street Corporation. Tributary Cap Management Limited Liability Co invested in 15,500 shares. Fiera Cap reported 1.47% of its portfolio in Middleby Corp (NASDAQ:MIDD). Hodges Capital Mgmt has 4,615 shares for 0.03% of their portfolio. Westfield Mgmt L P has 0.53% invested in Middleby Corp (NASDAQ:MIDD) for 516,380 shares.

Since May 26, 2017, it had 0 insider buys, and 1 insider sale for $513,200 activity. LINDSAY MARTIN M had sold 4,000 shares worth $513,200.