As Sysco (SYY) Valuation Rose, Shareholder Shayne & Co Decreased Its Position by $518,340; As Magellan Midstream Ptnrs (MMP) Shares Declined, Holder Ironwood Investment Counsel Has Decreased Its Stake by $1.44 Million

January 23, 2018 - By Richard Conner

Shayne & Co decreased its stake in Sysco Corp (SYY) by 2.67% based on its latest 2017Q3 regulatory filing with the SEC. Shayne & Co sold 9,780 shares as the company’s stock rose 4.26% with the market. The institutional investor held 356,543 shares of the food distributors company at the end of 2017Q3, valued at $19.24 million, down from 366,323 at the end of the previous reported quarter. Shayne & Co who had been investing in Sysco Corp for a number of months, seems to be less bullish one the $32.99B market cap company. The stock decreased 0.42% or $0.27 during the last trading session, reaching $63.32. About 469,450 shares traded. Sysco Corporation (NYSE:SYY) has risen 11.23% since January 23, 2017 and is uptrending. It has underperformed by 5.47% the S&P500.

Ironwood Investment Counsel Llc decreased its stake in Magellan Midstream Ptnrs (MMP) by 51.49% based on its latest 2017Q3 regulatory filing with the SEC. Ironwood Investment Counsel Llc sold 20,300 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 19,125 shares of the natural gas distribution company at the end of 2017Q3, valued at $1.36M, down from 39,425 at the end of the previous reported quarter. Ironwood Investment Counsel Llc who had been investing in Magellan Midstream Ptnrs for a number of months, seems to be less bullish one the $17.08 billion market cap company. The stock increased 0.67% or $0.49 during the last trading session, reaching $74.9. About 215,468 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since January 23, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Ironwood Investment Counsel Llc, which manages about $801.32 million and $247.11 million US Long portfolio, upped its stake in Stericycle Inc (NASDAQ:SRCL) by 4,340 shares to 7,800 shares, valued at $559,000 in 2017Q3, according to the filing. It also increased its holding in Willis Towers Watson Plc by 6,105 shares in the quarter, for a total of 26,874 shares, and has risen its stake in General Electric (NYSE:GE).

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on February, 1. They expect $1.09 EPS, up 4.81% or $0.05 from last year’s $1.04 per share. MMP’s profit will be $248.56M for 17.18 P/E if the $1.09 EPS becomes a reality. After $0.87 actual EPS reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts 25.29% EPS growth.

Investors sentiment is 0.9 in Q3 2017. Its the same as in 2017Q2. It is without change, as 42 investors sold MMP shares while 161 reduced holdings. only 40 funds opened positions while 142 raised stakes. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported. Blackhill Inc reported 70,800 shares. Mariner Wealth Limited Liability has 0.07% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 22,541 shares. Clearbridge Invests Limited Com holds 0.27% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 4.00 million shares. Advsr Asset Incorporated has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). Lpl Financial Ltd Com has invested 0.01% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Gilman Hill Asset Mgmt Lc holds 44,670 shares. Cypress Asset Inc Tx holds 69,403 shares. Cv Starr And Trust, a New York-based fund reported 175,000 shares. Beach Invest Management Limited Liability Company holds 5.97% in Magellan Midstream Partners, L.P. (NYSE:MMP) or 48,272 shares. Mark Sheptoff Financial Planning Limited Liability invested in 0.02% or 500 shares. Kansas-based Tortoise Cap has invested 6.62% in Magellan Midstream Partners, L.P. (NYSE:MMP). Webster Fincl Bank N A owns 6,571 shares. Altavista Wealth Management Incorporated invested in 4,240 shares or 0.14% of the stock. Haverford Trust Co owns 18,395 shares or 0.03% of their US portfolio. 22,736 are owned by Violich Capital Mgmt Inc.

Since September 14, 2017, it had 0 insider buys, and 1 sale for $353,200 activity.

Among 22 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 11 have Buy rating, 3 Sell and 8 Hold. Therefore 50% are positive. Magellan Midstream Partners L.P. had 55 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Buy” rating given on Tuesday, July 18 by UBS. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, June 20 report. RBC Capital Markets maintained it with “Hold” rating and $80.0 target in Sunday, November 5 report. The rating was initiated by Seaport Global on Tuesday, June 14 with “Buy”. Wunderlich downgraded the shares of MMP in report on Monday, April 4 to “Hold” rating. As per Thursday, February 25, the company rating was initiated by Morgan Stanley. As per Monday, November 16, the company rating was initiated by DA Davidson. Raymond James maintained the shares of MMP in report on Saturday, August 8 with “Buy” rating. The firm earned “Hold” rating on Tuesday, August 11 by Stifel Nicolaus. The firm has “Outperform” rating by Raymond James given on Thursday, January 12.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on February, 5. They expect $0.65 EPS, up 12.07% or $0.07 from last year’s $0.58 per share. SYY’s profit will be $338.68M for 24.35 P/E if the $0.65 EPS becomes a reality. After $0.74 actual EPS reported by Sysco Corporation for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth.

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. Sysco Corporation had 49 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Wednesday, August 26 with “Hold”. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Tuesday, January 16 report. The stock of Sysco Corporation (NYSE:SYY) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, January 25. The stock of Sysco Corporation (NYSE:SYY) has “Buy” rating given on Friday, February 5 by Argus Research. Wells Fargo maintained the shares of SYY in report on Monday, August 14 with “Buy” rating. The company was upgraded on Tuesday, February 7 by JP Morgan. On Monday, October 30 the stock rating was maintained by Jefferies with “Hold”. The stock of Sysco Corporation (NYSE:SYY) has “Buy” rating given on Tuesday, June 27 by BMO Capital Markets. As per Monday, November 6, the company rating was maintained by BMO Capital Markets. The rating was maintained by Pivotal Research on Tuesday, November 8 with “Hold”.

Since August 23, 2017, it had 2 insider purchases, and 19 selling transactions for $26.24 million activity. On Wednesday, October 18 DeLaney William J III sold $1.64 million worth of Sysco Corporation (NYSE:SYY) or 30,000 shares. $702,026 worth of Sysco Corporation (NYSE:SYY) was sold by Goetz William W. PELTZ NELSON also bought $47.75M worth of Sysco Corporation (NYSE:SYY) shares. 372,314 shares valued at $19.77 million were sold by Frank Joshua D. on Tuesday, September 12. Moskowitz Paul T sold $902,018 worth of stock or 16,667 shares. $4.92 million worth of Sysco Corporation (NYSE:SYY) was sold by Bertrand Greg D.

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