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

June 14, 2018 - By Jeanette Kaplan

Sysco Corporation (NYSE:SYY) LogoInvestors sentiment decreased to 0.8 in 2018 Q1. Its down 0.10, from 0.9 in 2017Q4. It is 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.

Natl Pension Serv holds 477,897 shares or 0.14% of its portfolio. Td Capital Mgmt Ltd Co holds 0.03% or 1,868 shares. Strs Ohio owns 263,448 shares. Holderness Company invested in 0.22% or 7,450 shares. Envestnet Asset Mngmt Inc owns 100,328 shares or 0.02% of their US portfolio. Dorsey Whitney Tru Limited Liability Company holds 0.16% in Sysco Corporation (NYSE:SYY) or 14,333 shares. Montecito Bank & Trust And Tru owns 3,722 shares for 0.07% of their portfolio. The Pennsylvania-based Connors Investor Inc has invested 0.4% in Sysco Corporation (NYSE:SYY). Eagle Ridge Inv invested 0.06% of its portfolio in Sysco Corporation (NYSE:SYY). Dekabank Deutsche Girozentrale has 555,048 shares. Investment House Lc stated it has 0.78% in Sysco Corporation (NYSE:SYY). New Mexico Educational Retirement Board invested 0.1% in Sysco Corporation (NYSE:SYY). Anchor Advsrs Limited Liability Co, Massachusetts-based fund reported 769,602 shares. Newman Dignan & Sheerar Inc owns 3,447 shares. Ftb has invested 0% in Sysco Corporation (NYSE:SYY).

Since January 2, 2018, it had 0 insider buys, and 15 insider sales for $16.97 million activity. 5,000 shares were sold by TILGHMAN RICHARD G, worth $313,250. Bertrand Greg D sold $4.92 million worth of Sysco Corporation (NYSE:SYY) on Wednesday, January 10. On Monday, March 12 the insider Shurts Wayne sold $929,458. Goetz William W sold $702,026 worth of Sysco Corporation (NYSE:SYY) on Tuesday, January 16. On Tuesday, January 2 the insider Libby Russell T. sold $809,240.

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 earnings per share, up 29.17 % or $0.21 from last year’s $0.72 per share. SYY’s profit will be $484.51M for 17.87 P/E if the $0.93 EPS becomes a reality. After $0.67 actual earnings per share 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 2.51M 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. RBC Capital Markets maintained the shares of SYY in report on Thursday, February 1 with “Hold” rating. Citigroup maintained the shares of SYY in report on Tuesday, March 27 with “Neutral” rating. On Monday, February 5 the stock rating was maintained by Jefferies with “Hold”. The firm has “Buy” rating by Bank of America given on Tuesday, February 6. BMO Capital Markets maintained Sysco Corporation (NYSE:SYY) on Monday, February 5 with “Buy” rating. The rating was maintained by Credit Suisse on Tuesday, May 8 with “Outperform”. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Tuesday, January 16. The stock of Sysco Corporation (NYSE:SYY) earned “Buy” rating by BMO Capital Markets on Tuesday, January 23. The stock of Sysco Corporation (NYSE:SYY) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, May 8. Loop Capital maintained Sysco Corporation (NYSE:SYY) 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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