Allen Investment Management Llc Position in Sysco Corp (NYSE:SYY) Upped as Price Declined

May 17, 2018 - By Brian Ramirez

Sysco Corporation (NYSE:SYY) Corporate LogoBig Money Sentiment increased to 0.9 in Q4 2017. It has change of 0.12, from 2017Q3’s 0.78. The ratio improved due to SYY positioning: 46 sold and 345 reduced. 109 funds amassed positions and 242 increased positions. Investors holded 409.47 million in 2017Q3 but now own 400.42 million shares or 2.21% less. Eaton Vance Management accumulated 0.09% or 583,955 shs. Sumitomo Mitsui Asset holds 36,542 shs or 0.03% of its capital. Mufg Americas owns 0.02% invested in Sysco Corporation (NYSE:SYY) for 12,110 shs. Reliance Tru Co Of Delaware accumulated 18,083 shs or 0.17% of the stock. Rice Hall James And Associate Limited Liability Company accumulated 21,035 shs or 0.05% of the stock. Credit Suisse Ag invested 0.04% in Sysco Corporation (NYSE:SYY). The Pennsylvania-based Wealthtrust Axiom has invested 0.13% in Sysco Corporation (NYSE:SYY). Eagle Ridge Inv Mgmt invested in 1.17% or 124,353 shs. Fukoku Mutual Life Insur Communication invested 0.03% of its capital in Sysco Corporation (NYSE:SYY). Arizona State Retirement System holds 0.1% of its capital in Sysco Corporation (NYSE:SYY) for 168,864 shs. Barclays Public Ltd Co holds 0.04% or 758,107 shs in its capital. Papp L Roy And Associates reported 37,086 shs or 0.45% of all its holdings. Texas Yale Corporation invested in 13,683 shs or 0.07% of the stock. Hanson Mcclain accumulated 4,707 shs or 0.02% of the stock. Mu Invs Ltd invested 0.02% in Sysco Corporation (NYSE:SYY).

SYY had 13 sales and 0 insider buys since December 13, 2017. This’s net activity of $15.63 million. On Wednesday, January 10 Shares for $993,122 were sold by Goetz William W. On Monday, May 7 a trade for 15,333 shs valued at $981,312 was made by Moskowitz Paul T. On Thursday, March 15 TILGHMAN RICHARD G sold $299,000 worth of Sysco Corporation (NYSE:SYY) or 5,000 shs. On Wednesday, January 10 81,038 shs were sold by Bertrand Greg D, worth $4.92 million. Libby Russell T. also sold $809,240 worth of Sysco Corporation (NYSE:SYY) shs.

Based on the latest 2018Q1 filling from the SEC, Allen Investment Management Llc upped its stake in Sysco Corp (NYSE:SYY) by 166.59%. Sysco Corp (NYSE:SYY) declined 2.24% with the market as Allen Investment Management Llc bought 645,151 shares. In 2018Q1, the 1.03 million shares in Sysco Corp (NYSE:SYY) held by Allen Investment Management Llc were valued $61.90 million, up from 387,263 last quarter. It decreased Berkshire Hathaway Inc Del (BRKB) position by 61,357 shares to 189,785 shares, and cut its Amerisourcebergen Corp (NYSE:ABC) stake.

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

In total 9 analysts cover Sysco Corp (NYSE:SYY). “Buy” rating has 5, “Sell” are 0, while 4 are “Hold”. 56% are bullish. 13 are the (NYSE:SYY)’s analyst reports since December 7, 2017 according to StockzIntelligence Inc. The stock rating was maintained by BMO Capital Markets with “Buy” on Tuesday, January 23. In Tuesday, May 8 report Credit Suisse maintained the stock with “Outperform” rating. On Tuesday, February 6 the company was maintained by Loop Capital. The stock rating was maintained by Citigroup with “Neutral” on Tuesday, March 27. On Monday, February 5 the firm has “Buy” rating by BMO Capital Markets given. On Tuesday, February 6 Bank of America maintained Sysco Corporation (NYSE:SYY) rating. Bank of America has “Buy” rating and $70 target. On Tuesday, January 16 the stock of Sysco Corporation (NYSE:SYY) earned “Equal-Weight” rating by Morgan Stanley. On Thursday, February 1 the firm has “Hold” rating given by RBC Capital Markets. On Thursday, December 7 Jefferies maintained the shares of SYY in report with “Hold” rating. On Tuesday, May 8 the firm earned “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 firm is valued at $33.01 billion. 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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