Company Overview and News
Amazon has been extremely successful over the past 20 years- the next few decades may not offer performance anywhere close to the past. (157-0)
The bull market since the Great Recession is one of the longest in history. Each day that passes, the odds of a downturn grow. I decided to investigate Sysco (NYSE:SYY) as a potential defensive stock to add to my portfolio in an attempt to limit my exposure to systemic shock. (1-0)
The food industry’s performance has been dismal for quite some time now due to the prevailing pricing and competitive pressure. Evolving shopping behavior and increasing presence of small firms have been plaguing the industry. A shift in consumer preference toward non-genetically modified, organic, and gluten free products is also hurting business. The acquisition of Whole Foods by online giant Amazon. (78-0)
The food industry has been in troubled waters of late. The industry has been grappling with challenges like stiff competition, tight margins and aggressive promotional environment. Moreover, customers are also becoming more inclined toward private label products as they are low-cost alternatives to national brands, which are hurting the food companies. (108-0)
I recently had a look at SPDR sectors through the last two major market corrections in search of lower volatility or drawdown. (333-1)
The Consumer Staples sector is home to daily-use products that makes it to an extent immune to economic headwinds. In fact, the sector is considered defensive and is currently benefiting from buoyant economy and improving consumer confidence, despite a competitive landscape and geopolitical turmoil. Despite belonging to the sector, Campbell Soup Company (CPB - Free Report) , the manufacturer and marketer of high-quality, branded convenience food products, has been struggling to find place in investors’ good books. (12-0)
LONDON, UK / ACCESSWIRE / October 4, 2017 / Pro-Trader Daily takes a closer look at Sysco Corp. (NYSE: SYY) as the Company's stock will begin trading ex-dividend on October 05, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of trading session on October 04, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at: (17-0)
I recently eliminated one of my holdings in the consumer defensive sector and need to replace it in order to maintain my diversification goals. I sold off General Mills (NYSE:GIS), as it was not meeting my criteria for holding it in my portfolio anymore. (122-0)
RENO, Nev., Sept. 26, 2017 /PRNewswire/ -- The Biggest Little City, Reno, Nevada, hosts the sixth annual Reno Bites Week Oct. 9-15 as chefs present their culinary creations citywide. This year, the event celebrates the great American road trip with local restaurants presenting their chefs' individual takes on road trip food memories. (3-0)
Sysco Corporation (SYY - Free Report) recently announced that it will be introducing seven products this month, that include cheesecakes, juice concentrates, organic chicken and shrimp amongst others. These products are designed to suit the health and wellness of consumers as well as save labor. (11-0)
Nelson Peltz's activist firm Trian Fund Management has filed a Form 4 with the SEC regarding its stake in Sysco (SYY). Per the filing, Trian sold 372,314 shares on September 12th and 13th at weighted average price of $53.0893. After these transactions, Trian still owns over 43.59 million shares. The filing notes this sale was made in conjunction with the liquidation of an investment fund managed by Trian. (16-0)
Share prices have more than doubled over the last three years in spite of the company posting negative earnings in several quarters. (121-0)
* Sysco Corp - Sheila Talton has been elected to join board of directors, expanding size of board to 15 members Source text for Eikon: Further company coverage:
NEW YORK (Reuters) - Activist investor Trian Partners on Wednesday released its long-awaited plan to boost shares of Procter & Gamble Co (PG.N), detailing changes intended to streamline and rejuvenate the maker of Crest toothpaste, Tide laundry detergent and Pampers diapers.
The S&P 500 and the Nasdaq notched 1% for the first time in about three months as tensions between U.S and North Korea cooled down for the moment. The Dow also closed in the green because of a rally in the shares of Goldman Sachs, Apple, Visa and Tesla.
Sysco shares declined more than 1% on August 14th, even though quarterly revenue and earnings both exceeded analyst expectations.
Good morning. My name is Christina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Fourth Quarter Fiscal Year 2017 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, today’s conference is being recorded.
Global food products maker and distributor Sysco Corporation (SYY - Free Report) reported fourth-quarter fiscal 2017 results, wherein both earnings and revenues exceeded expectations. The acquisition of London-based Brakes Group (completed in July 2016) and margin improvement drove earnings.
US Foods reported its second quarter results this past Tuesday; the company beat on net sales and hit earnings estimates.
Sysco Corp. (SYY - Free Report) markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry.
Geopolitical fears should ebb this week. Fed jitters may rise, however, as the FOMC meeting minutes come due.
Over the last few months, the market has consistently shrugged off rising concerns and questions, climbing to record high after record high. Amid escalating tensions with North Korea last week however, came the largest single day drop in the market since May.
Nelson Peltz's 13F portfolio value decreased marginally from $13.33B to $13.27B this quarter. The number of positions remained steady at 8.
Sysco Corporation (SYY - Free Report) is slated to report fourth-quarter fiscal 2017 results on Aug 14, before the opening bell. The question lingering in investors’ minds is, whether this global food products maker and distributor will be able to post a positive earnings surprise in the to-be-reported quarter. We note that the company’s earnings have outpaced the Zacks Consensus Estimate in three out of the trailing four quarters, with an average surprise of 6.
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