Sysco Corp (NYSE:SYY) Shareholder Allen Investment Management Llc Upped Position by $38.06 Million

May 17, 2018 - By Fidelia Bagby

Sysco Corporation (NYSE:SYY) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 0.9. That’s change of 0.12, from 2017Q3’s 0.78. 46 investors sold all, 345 reduced holdings as SYY ratio is positive. 242 increased positions while 109 funds took positions. Funds hold 400.42 million shares thus 2.21% less from 2017Q3’s 409.47 million shares. Boston Private Wealth Llc reported 12,759 shs. State Board Of Administration Of Florida Retirement Systems holds 787,580 shs. 1,300 are owned by West Oak Capital Limited Liability Company. Guyasuta Investment Advisors reported 16,160 shs. Virginia-based Redmond Asset Mgmt has invested 0.19% in Sysco Corporation (NYSE:SYY). Nomura Asset Management Co Ltd accumulated 0.15% or 209,311 shs. Indiana Trust And Investment Management Company has 0.36% invested in Sysco Corporation (NYSE:SYY) for 12,803 shs. Martingale Asset Lp owns 648,714 shs. Archford Strategies Lc holds 0.33% or 14,542 shs in its capital. Fayez Sarofim & Co accumulated 44,054 shs. Argi Investment Svcs Lc accumulated 17,325 shs. 140,479 are owned by State Treasurer State Of Michigan. Stonebridge stated it has 6,600 shs. Lau Assocs Lc owns 4,945 shs or 0.23% of their US capital. Arrow Corporation holds 500 shs or 0.01% of its capital.

SYY registered $15.63 million net activity with 0 buys and 13 selling transactions since December 13, 2017. Another trade for 15,333 shs valued at $981,312 was sold by Moskowitz Paul T. Another trade for 5,000 shs valued at $303,100 was made by TILGHMAN RICHARD G on Monday, April 16. On Tuesday, January 16 Goetz William W sold $702,026 worth of Sysco Corporation (NYSE:SYY) or 11,323 shs. Libby Russell T. sold $809,240 worth of Sysco Corporation (NYSE:SYY) on Tuesday, January 2. Shurts Wayne sold $921,492 worth of Sysco Corporation (NYSE:SYY) or 15,600 shs on Wednesday, February 21.

Allen Investment Management Llc upped its stake by 166.59% in Sysco Corp (NYSE:SYY), according to 2018Q1 Securities and Exchange form. Sysco Corp (NYSE:SYY) stock Sank 2.24% while Allen Investment Management Llc bought 645,151 shares. It held 1.03 million shares of Sysco Corp (NYSE:SYY) at the end of 2018Q1, valued at $61.90 million, up from 387,263 last quarter. Allen Investment Management Llc cut its stake in Amerisourcebergen Corp (NYSE:ABC) and reduced Servicenow Inc (NYSE:NOW) position by 62,891 shares for a total of 306,042 shares.

Allen Investment Management Llc is a New York-based hedge fund with more than $2.32 billion AUM in January, 2015. Taken from Allen Investment Management latest Adv, the fund reported to have 33 full and part-time employees. Among which 13 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Sysco Corporation (NYSE:SYY) Ratings Coverage

Total analysts of 9 have positions in Sysco Corp (NYSE:SYY) as follows: 5 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 56%. Since December 7, 2017 according to StockzIntelligence Inc Sysco Corp has 13 analyst reports. The stock rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 1. On Thursday, December 7 the firm has “Hold” rating given by Jefferies. On Tuesday, February 6 the firm has “Buy” rating given by Bank of America. On Tuesday, May 8 the firm has “Equal-Weight” rating by Morgan Stanley given. On Monday, February 5 the rating was maintained by Jefferies with “Hold”. On Tuesday, May 8 the stock of Sysco Corporation (NYSE:SYY) earned “Outperform” rating by Credit Suisse. On Tuesday, January 23 BMO Capital Markets maintained Sysco Corporation (NYSE:SYY) with “Buy” rating. The company rating was maintained by Loop Capital on Tuesday, February 6. The stock rating was maintained by BMO Capital Markets with “Buy” on Monday, February 5. On Tuesday, January 16 the stock has “Equal-Weight” rating by Morgan Stanley.

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 $33.01 billion market cap. It operates through three divisions: U.S.28.45 is the P/E ratio. Foodservice Operations, International Foodservice Operations, and SYGMA.

Sysco Corporation (NYSE:SYY) Institutional Investors Chart

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