Signature Estate & Investment Advisors Upped Holding in Sysco (SYY); Schmidt P J Investment Management Lifted Stake in Analog Devices (ADI) as Share Value Declined

February 19, 2018 - By Darrin Black

Signature Estate & Investment Advisors Llc increased its stake in Sysco Corp (SYY) by 4.01% based on its latest 2017Q3 regulatory filing with the SEC. Signature Estate & Investment Advisors Llc bought 11,361 shares as the company’s stock rose 4.26% with the market. The institutional investor held 295,003 shares of the food distributors company at the end of 2017Q3, valued at $15.92M, up from 283,642 at the end of the previous reported quarter. Signature Estate & Investment Advisors Llc who had been investing in Sysco Corp for a number of months, seems to be bullish on the $31.32 billion market cap company. The stock increased 1.06% or $0.63 during the last trading session, reaching $60. About 2.25M shares traded. Sysco Corporation (NYSE:SYY) has risen 11.23% since February 19, 2017 and is uptrending. It has underperformed by 5.47% the S&P500.

Schmidt P J Investment Management Inc increased its stake in Analog Devices Inc (ADI) by 14.38% based on its latest 2017Q3 regulatory filing with the SEC. Schmidt P J Investment Management Inc bought 5,000 shares as the company’s stock declined 1.50% while stock markets rallied. The institutional investor held 39,780 shares of the technology company at the end of 2017Q3, valued at $3.43M, up from 34,780 at the end of the previous reported quarter. Schmidt P J Investment Management Inc who had been investing in Analog Devices Inc for a number of months, seems to be bullish on the $32.08B market cap company. The stock increased 0.81% or $0.69 during the last trading session, reaching $86.09. About 2.57 million shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 45.85% since February 19, 2017 and is uptrending. It has outperformed by 29.15% the S&P500.

Among 20 analysts covering Sysco Corporation (NYSE:SYY), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. Sysco Corporation had 56 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Thursday, December 7. The firm has “Buy” rating by BMO Capital Markets given on Monday, November 6. On Tuesday, February 6 the stock rating was maintained by Loop Capital with “Buy”. The stock has “Buy” rating by BMO Capital Markets on Monday, February 5. Argus Research upgraded Sysco Corporation (NYSE:SYY) on Friday, February 5 to “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Friday, February 19. The firm has “Hold” rating by Jefferies given on Tuesday, June 20. The stock has “Buy” rating by Wells Fargo on Friday, June 23. The company was maintained on Thursday, August 3 by BMO Capital Markets. The firm has “Neutral” rating given on Friday, December 9 by Goldman Sachs.

Since August 23, 2017, it had 2 buys, and 17 sales for $23.89 million activity. 11,323 shares were sold by Goetz William W, worth $702,026 on Tuesday, January 16. Frank Joshua D. had sold 372,314 shares worth $19.77M on Tuesday, September 12. Another trade for 400,000 shares valued at $21.66M was sold by DeLaney William J III. 889,561 shares were bought by PELTZ NELSON, worth $47.75M on Friday, September 15. $809,240 worth of stock was sold by Libby Russell T. on Tuesday, January 2. 81,038 shares were sold by Bertrand Greg D, worth $4.92M.

Investors sentiment decreased to 0.78 in 2017 Q3. Its down 0.09, from 0.87 in 2017Q2. It turned negative, as 61 investors sold SYY shares while 345 reduced holdings. 66 funds opened positions while 249 raised stakes. 409.47 million shares or 1.25% less from 414.66 million shares in 2017Q2 were reported. Union Bank & Trust Corporation accumulated 16,150 shares or 0.29% of the stock. Nuance Ltd Limited Liability Company owns 0.48% invested in Sysco Corporation (NYSE:SYY) for 128,927 shares. Checchi Cap Advisers Limited Liability Company reported 6,746 shares or 0.04% of all its holdings. Hm Payson Co stated it has 0.08% of its portfolio in Sysco Corporation (NYSE:SYY). New England Mgmt has 14,740 shares. Burney has invested 0.05% in Sysco Corporation (NYSE:SYY). Richard C Young & Ltd reported 191,321 shares. First Mercantile Tru Company stated it has 12,200 shares. Tiaa Cref Investment Mgmt Ltd invested 0.07% of its portfolio in Sysco Corporation (NYSE:SYY). State Farm Mutual Automobile Insur holds 3.86 million shares. Cambridge Financial owns 111,687 shares. 5,144 were reported by Trustmark Bankshares Department. Private Advisor Gp Limited Liability Company reported 33,100 shares. Altfest L J & holds 5,700 shares or 0.15% of its portfolio. Summit Financial Wealth Limited Liability Company, a Louisiana-based fund reported 60,074 shares.

Signature Estate & Investment Advisors Llc, which manages about $896.87M US Long portfolio, decreased its stake in Ishares Tr (IGM) by 3,695 shares to 202,205 shares, valued at $31.40M in 2017Q3, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 13,518 shares in the quarter, leaving it with 100,767 shares, and cut its stake in Vanguard Index Fds (VBR).

Since August 21, 2017, it had 0 buys, and 22 selling transactions for $18.98 million activity. 11,280 shares valued at $944,824 were sold by Hassett Joseph on Friday, September 1. The insider Real Peter sold 4,505 shares worth $376,258. Another trade for 5,000 shares valued at $435,000 was sold by CHAMPY JAMES. SICCHITANO KENTON J sold 15,000 shares worth $1.32 million. SEIF MARGARET K also sold $233,430 worth of Analog Devices, Inc. (NASDAQ:ADI) on Monday, August 21. On Wednesday, January 3 Jamal Yusuf sold $65,259 worth of Analog Devices, Inc. (NASDAQ:ADI) or 718 shares.

Among 31 analysts covering Analog Devices (NASDAQ:ADI), 19 have Buy rating, 0 Sell and 12 Hold. Therefore 61% are positive. Analog Devices had 117 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by SunTrust on Wednesday, May 31. Stifel Nicolaus maintained Analog Devices, Inc. (NASDAQ:ADI) rating on Wednesday, November 22. Stifel Nicolaus has “Buy” rating and $100.0 target. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Hold” rating by Raymond James on Wednesday, January 24. The firm has “Overweight” rating by PiperJaffray given on Tuesday, February 13. The rating was initiated by CLSA on Thursday, October 20 with “Outperform”. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Buy” rating given on Monday, September 11 by Jefferies. The company was upgraded on Tuesday, February 13 by Piper Jaffray. Drexel Hamilton maintained Analog Devices, Inc. (NASDAQ:ADI) rating on Tuesday, November 21. Drexel Hamilton has “Buy” rating and $105.0 target. The firm earned “Neutral” rating on Wednesday, July 27 by Goldman Sachs. The rating was downgraded by Oppenheimer on Tuesday, December 15 to “Perform”.

Schmidt P J Investment Management Inc, which manages about $434.11M and $334.21 million US Long portfolio, decreased its stake in Schneider National Inc Cl B by 119,850 shares to 1.57M shares, valued at $39.67 million in 2017Q3, according to the filing. It also reduced its holding in Yum Brands Inc (NYSE:YUM) by 4,320 shares in the quarter, leaving it with 14,344 shares, and cut its stake in Ishares Core S&P 500 Etf (IVV).

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