What Sysco's Earnings Mean for Mutual Fund Investors (SYY)

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What Sysco's Earnings Mean for Mutual Fund Investors (SYY)

Shauna O'Brien

|

Sysco Corporation logo
Sysco (SYY) released its second quarter earnings report before the opening bell on Monday. Here’s what the results mean for mutual fund investors.

Inside SYY’s Results

Earnings

The company reported net income of $158 million, or 27 cents per share, down from $210.84 million, or 36 cents per share, last year. Adjusted earnings were 41 cents per share – matching analysts’ estimate of 41 cents per share.

Revenue
Sales increased 7.6% to $12.1 billion from $11.24 billion last year. Analysts expected to see revenue of $11.93 billion.

All Eyes on US Foods Merger

Sysco could be a target name for a conservative investors seeking a defensive stock with an attractive yield over 3%. From a valuation standpoint, the stock is trading at 20x 2015 earnings estimates, which is a bit toward the high end of its range. Investors should also take the company’s pending merger with US Foods into consideration, as SYY will need time to integrate such a large acquisition.

Mutual Funds to Watch

Investors interested in SYY may also consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in SYY.
Symbol Mutual Fund Stake
YACKX AMG Yacktman Service 1.68%
YAFFX AMG Yacktman Focused Service 1.08%
{% mutualfund VTSMX %} Vanguard Total Stock Mkt Idx 0.53%

The Bottom Line

The funds listed above allow investors to gain exposure to Sysco while remaining diversified. Investors interested in SYY may also be interested in United Natural Foods (UNFI).

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Sysco Corporation logo

What Sysco's Earnings Mean for Mutual Fund Investors (SYY)

Shauna O'Brien

|

Sysco (SYY) released its second quarter earnings report before the opening bell on Monday. Here’s what the results mean for mutual fund investors.

Inside SYY’s Results

Earnings

The company reported net income of $158 million, or 27 cents per share, down from $210.84 million, or 36 cents per share, last year. Adjusted earnings were 41 cents per share – matching analysts’ estimate of 41 cents per share.

Revenue
Sales increased 7.6% to $12.1 billion from $11.24 billion last year. Analysts expected to see revenue of $11.93 billion.

All Eyes on US Foods Merger

Sysco could be a target name for a conservative investors seeking a defensive stock with an attractive yield over 3%. From a valuation standpoint, the stock is trading at 20x 2015 earnings estimates, which is a bit toward the high end of its range. Investors should also take the company’s pending merger with US Foods into consideration, as SYY will need time to integrate such a large acquisition.

Mutual Funds to Watch

Investors interested in SYY may also consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in SYY.
Symbol Mutual Fund Stake
YACKX AMG Yacktman Service 1.68%
YAFFX AMG Yacktman Focused Service 1.08%
{% mutualfund VTSMX %} Vanguard Total Stock Mkt Idx 0.53%

The Bottom Line

The funds listed above allow investors to gain exposure to Sysco while remaining diversified. Investors interested in SYY may also be interested in United Natural Foods (UNFI).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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