Nelson Peltz’s Trian Fund Management: Sysco Corp decreased Its Stake

June 14, 2018 - By Richard Conner

Sysco Corporation (NYSE:SYY) LogoInvestors sentiment decreased to 0.8 in 2018 Q1. Its down 0.10, from 0.9 in 2017Q4. It turned negative, as 57 investors sold Sysco Corporation 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.

D E Shaw And Com, a New York-based fund reported 8,701 shares. Comm Fincl Bank owns 81,745 shares or 0.06% of their US portfolio. Iberiabank accumulated 0.64% or 53,568 shares. Fdx Incorporated holds 0.06% of its portfolio in Sysco Corporation (NYSE:SYY) for 31,210 shares. Fiduciary Fincl Services Of The Southwest Inc Tx owns 14,252 shares. Etrade Capital Ltd owns 14,856 shares for 0.03% of their portfolio. Altavista Wealth Mgmt owns 13,921 shares. Johnson Inv Counsel holds 0.02% or 14,004 shares in its portfolio. Stearns Financial Ser Group Inc invested in 0.32% or 21,808 shares. 190,402 were accumulated by Wellington Shields Mgmt Limited Liability Co. Geode Capital Limited stated it has 4.85M shares or 0.09% of all its holdings. Fayez Sarofim & reported 43,365 shares stake. Oregon Pub Employees Retirement Fund accumulated 51,747 shares or 0.05% of the stock. Nomura Asset Mngmt Ltd, Japan-based fund reported 209,766 shares. Long Road Counsel Limited Liability Company accumulated 15,735 shares.

Since January 2, 2018, it had 0 insider buys, and 15 selling transactions for $16.97 million activity. Shares for $313,250 were sold by TILGHMAN RICHARD G on Tuesday, May 15. The insider Moskowitz Paul T sold 15,333 shares worth $981,312. 81,038 Sysco Corporation (NYSE:SYY) shares with value of $4.92 million were sold by Bertrand Greg D. $809,240 worth of Sysco Corporation (NYSE:SYY) was sold by Libby Russell T. on Tuesday, January 2. On Tuesday, January 16 the insider Goetz William W sold $702,026.

Nelson Peltz’s Trian Fund Management Reported reduced Stake in Sysco Corp

Trian Fund Management filed with SEC a SC 13D/A form for Sysco Corp. It can be found at: 000134547118000039. As reported by Nelson Peltz’s Trian Fund Management, the filler decreased its stake in the stock by -3.31 % for 42,561,703 shares. Nelson Peltz’s Trian Fund Management currently owns 8.17% of the Consumer Staples- stock. Date of activity: June 14, 2018.

The hedge fund with about $8.60 billion looks more negative after reporting such a decrease of its Sysco Corp ownership.

The hedge fund is investor in the Finance sector.

Reasons Why Nelson Peltz’s Trian Fund Management Holds Sysco Corp

Item 4. Purpose of Transaction


Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following information:


The sales of Shares by Reporting Persons reported in this Amendment No. 5 were done for portfolio management purposes.


Sysco Corp Institutional Sentiment

Filings show 781 investors own Sysco Corp. The ownership in Q3 2017 is extremely high, at Infinity of the outstanding shares. This is increased by 6099643. 409467131 were owned by these investors. 66 funds opened new Sysco Corp stakes, 249 increased positions. There were 61 that closed positions and 345 reduced them.

12 investors had the stock in their top 10. Some are: Ironwood Investment Counsel Llc, Shayne & Co. Llc, Trian Fund Management L.P., Schaper Benz & Wise Investment Counsel Inc Wi, Wellington Shields Capital Management Llc, Wilkins Investment Counsel Inc, Delta Asset Management Llc Tn, South Texas Money Management Ltd, Rowland & Co Investment Counsel Adv, Pacific Global Investment Management Co..

Wellington Shields Capital Management Llc is an investor bullish on Sysco Corp, owning 191732 shares as of Q3 2017 for 1.37% of its portfolio. Schaper Benz & Wise Investment Counsel Inc owns 321825 shares or 2.69% of its portfolio. TN Shayne & Co have 14.53% of its portfolio for 356543 shares. Further, Trian Fund Management Lp reported stake worth 18.49% of its portfolio. The CA Americafirst Capital Management Llc owns 32225 shares. Sysco Corp is 2.35% of its portfolio.

SEC Form 13D.

Nelson Peltz’s Trian Fund Management website.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on August, 13. They expect $0.93 EPS, up 29.17 % or $0.21 from last year’s $0.72 per share. SYY’s profit will be $484.51 million for 17.87 P/E if the $0.93 EPS becomes a reality. After $0.67 actual EPS reported by Sysco Corporation for the previous quarter, Wall Street now forecasts 38.81 % EPS growth.

The stock increased 0.90% or $0.59 during the last trading session, reaching $66.48. About 2.51 million shares traded. Sysco Corporation (NYSE:SYY) has risen 19.79% since June 15, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg. The company has market cap of $34.64 billion. It operates through three divisions: U.S. It has a 29.85 P/E ratio. Foodservice Operations, International Foodservice Operations, and SYGMA.

Sysco Corporation (NYSE:SYY) Ratings Coverage

Among 9 analysts covering Sysco (NYSE:SYY), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Sysco has $74.0 highest and $54.0 lowest target. $66.78’s average target is 0.45% above currents $66.48 stock price. Sysco had 12 analyst reports since January 16, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, January 16. The stock has “Neutral” rating by Citigroup on Tuesday, March 27. As per Tuesday, May 8, the company rating was maintained by Morgan Stanley. BMO Capital Markets maintained Sysco Corporation (NYSE:SYY) rating on Tuesday, January 23. BMO Capital Markets has “Buy” rating and $66.0 target. As per Thursday, February 1, the company rating was maintained by RBC Capital Markets. BMO Capital Markets maintained Sysco Corporation (NYSE:SYY) on Monday, February 5 with “Buy” rating. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, May 8. The firm earned “Hold” rating on Monday, February 5 by Jefferies. The firm has “Buy” rating by Bank of America given on Tuesday, February 6. Loop Capital maintained the shares of SYY in report on Tuesday, February 6 with “Buy” rating.

Another recent and important Sysco Corporation (NYSE:SYY) news was published by Globenewswire.com which published an article titled: “Sysco Announces Multi-Site Solar Garden Project in Texas” on June 06, 2018.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

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