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

May 17, 2018 - By Mark Babin

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 is positive due to SYY positioning: 46 sold and 345 reduced. 109 funds amassed holdings and 242 increased holdings. Investors holded 409.47 million in 2017Q3 but now own 400.42 million shares or 2.21% less. Coastline reported 1.13% in Sysco Corporation (NYSE:SYY). Teachers Retirement Of The State Of Kentucky invested 0.04% of its capital in Sysco Corporation (NYSE:SYY). Lvm Capital Management Mi reported 10,818 shs or 0.15% of all its holdings. Meiji Yasuda Life Insur accumulated 0.12% or 14,900 shs. Intersect Limited Com holds 0.48% of its capital in Sysco Corporation (NYSE:SYY) for 14,615 shs. Griffin Asset Mgmt invested in 49,866 shs. Cap Investment Of America Incorporated reported 3,840 shs. West Oak Limited Liability Corp holds 0.05% of its capital in Sysco Corporation (NYSE:SYY) for 1,300 shs. Oppenheimer Asset Management stated it has 0.04% of its capital in Sysco Corporation (NYSE:SYY). Vanguard Gp accumulated 38.89M shs. Rhode Island-based Amica Retiree Tru has invested 0.21% in Sysco Corporation (NYSE:SYY). Arizona State Retirement stated it has 168,864 shs. Wedge Capital Mngmt L L P Nc stated it has 0.14% in Sysco Corporation (NYSE:SYY). Matarin Management Lc holds 0.21% or 43,697 shs. Connecticut-based Webster Comml Bank N A has invested 0.02% in Sysco Corporation (NYSE:SYY).

SYY had 13 sales and 0 insider purchases since December 13, 2017. This’s net activity of $15.63 million. Shurts Wayne sold $921,492 worth of stock or 15,600 shs. 16,345 Sysco Corporation (NYSE:SYY) shs with value of $993,122 were sold by Goetz William W. TILGHMAN RICHARD G sold $303,100 worth of Sysco Corporation (NYSE:SYY) or 5,000 shs on Monday, April 16. On Wednesday, January 10 Shares for $4.92M were sold by Bertrand Greg D. On Tuesday, January 2 Libby Russell T. also sold $809,240 worth of Sysco Corporation (NYSE:SYY).

The stake In Sysco Corp (NYSE:SYY) owned by Allen Investment Management Llc was increased. According to 2018Q1 SEC regulatory report the rise is 166.59%. Sysco Corp (NYSE:SYY) declined 2.24% with the market as 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. It decreased Amerisourcebergen Corp (NYSE:ABC) position by 430,097 shares to 561,034 shares, and cut its Servicenow Inc (NYSE:NOW) 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”. (NYSE:SYY) has 56% bullish analysts. 13 are the (NYSE:SYY)’s ratings reports on 17 May 2018 according to StockzIntelligence Inc. On Thursday, December 7 Jefferies maintained Sysco Corporation (NYSE:SYY) rating. Jefferies has “Hold” rating and $58.0 target. On Tuesday, January 23 BMO Capital Markets maintained the shares of SYY in report with “Buy” rating. On Tuesday, March 27 the stock of Sysco Corporation (NYSE:SYY) earned “Neutral” rating by Citigroup. On Thursday, February 1 the rating was maintained by RBC Capital Markets with “Hold”. On Tuesday, February 6 Bank of America maintained Sysco Corporation (NYSE:SYY) rating. Bank of America has “Buy” rating and $70 target. On Monday, February 5 the stock of Sysco Corporation (NYSE:SYY) earned “Buy” rating by BMO Capital Markets. The stock rating was maintained by Credit Suisse with “Outperform” on Tuesday, May 8. On Tuesday, January 16 the stock has “Equal-Weight” rating by Morgan Stanley. On Monday, February 5 Jefferies maintained Sysco Corporation (NYSE:SYY) with “Hold” rating. On Tuesday, May 8 the stock of Sysco Corporation (NYSE:SYY) has “Equal-Weight” rating given 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 worth $33.01 billion. It operates through three divisions: U.S.The P/E ratio is 28.45. Foodservice Operations, International Foodservice Operations, and SYGMA.

Sysco Corporation (NYSE:SYY) Institutional Investors Chart

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