Trian Fund Management LP Holds Holding in Sysco Corp. (SYY)

August 9, 2018 - By Mary Kidd

Sysco Corporation (NYSE:SYY) LogoInvestors sentiment decreased to 0.8 in 2018 Q1. Its down 0.10, from 0.9 in 2017Q4. It dropped, as 57 investors sold SYY shares while 363 reduced holdings. 89 funds opened positions while 245 raised stakes. 408.53 million shares or 2.03% more from 400.42 million shares in 2017Q4 were reported. Hemenway Tru Co Ltd Liability Corp owns 11,802 shares. Albion Financial Grp Incorporated Ut invested in 32,120 shares or 0.3% of the stock. Edgestream Prns LP has 0.05% invested in Sysco Corporation (NYSE:SYY) for 4,545 shares. Kcm Limited Liability Corporation, a California-based fund reported 17,920 shares. Great Lakes Limited Liability Company invested 0.18% in Sysco Corporation (NYSE:SYY). Suntrust Banks Inc holds 0.09% or 236,912 shares in its portfolio. Birch Hill Inv Advisors Ltd Liability Corporation reported 8,674 shares. Golub Gru Ltd Limited Liability Company holds 0.18% in Sysco Corporation (NYSE:SYY) or 32,766 shares. Regions Fincl stated it has 0.02% of its portfolio in Sysco Corporation (NYSE:SYY). Whitnell And owns 3,605 shares. Assetmark holds 10,925 shares. Stratos Wealth Partners Ltd reported 0.04% in Sysco Corporation (NYSE:SYY). has 0.03% invested in Sysco Corporation (NYSE:SYY). Usca Ria Limited Liability Co holds 0.18% or 26,493 shares in its portfolio. 84,414 are held by Cannell Peter B &.

Since February 21, 2018, it had 0 insider purchases, and 15 sales for $311.94 million activity. 5,000 shares were sold by TILGHMAN RICHARD G, worth $303,100. PELTZ NELSON sold $150.74M worth of stock. Frank Joshua D. also sold $150.74 million worth of Sysco Corporation (NYSE:SYY) shares. $921,492 worth of Sysco Corporation (NYSE:SYY) was sold by Shurts Wayne on Wednesday, February 21. 17,438 Sysco Corporation (NYSE:SYY) shares with value of $1.19M were sold by Grade Joel T..

Trian Fund Management Lp increased its stake in Sysco Corp. (SYY) by 0.77% based on its latest 2018Q1 regulatory filing with the SEC. Trian Fund Management Lp bought 341,590 shares as the company’s stock rose 7.86% while stock markets declined. The hedge fund held 44.84 million shares of the food distributors company at the end of 2018Q1, valued at $2.69 billion, up from 44.50M at the end of the previous reported quarter. Trian Fund Management Lp who had been investing in Sysco Corp. for a number of months, seems to be bullish on the $36.65 billion market cap company. The stock increased 0.70% or $0.4884 during the last trading session, reaching $70.3384. About 72,426 shares traded. Sysco Corporation (NYSE:SYY) has risen 19.79% since August 9, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.

Sysco Corporation (NYSE:SYY) Ratings Coverage

Among 3 analysts covering Sysco (NYSE:SYY), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Sysco has $70 highest and $61 lowest target. $68.67’s average target is -2.37% below currents $70.3384 stock price. Sysco had 6 analyst reports since March 27, 2018 according to SRatingsIntel. The company was maintained on Tuesday, May 8 by Credit Suisse. The firm earned “Equal-Weight” rating on Tuesday, July 17 by Morgan Stanley. The stock has “Neutral” rating by Citigroup on Tuesday, March 27. The stock of Sysco Corporation (NYSE:SYY) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, May 8. The rating was maintained by Citigroup with “Neutral” on Tuesday, June 19.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

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