As Sysco Corp (NYSE:SYY) Price Declined, Allen Investment Management Llc Upped Its Position

May 17, 2018 - By Russell Jones

Sysco Corporation (NYSE:SYY) Corporate LogoDuring Q4 2017 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 rose positions while 109 funds bought positions. Funds hold 400.42 million shares thus 2.21% less from 2017Q3’s 409.47 million shares. Rodgers Brothers has invested 0.24% in Sysco Corporation (NYSE:SYY). Fincl Architects invested in 2,370 shs. 898,290 were reported by Clarkston Cap Ltd Limited Liability Company. Capital Invest Limited Liability Co has invested 0.31% of its capital in Sysco Corporation (NYSE:SYY). Florida-based Finemark National Bank And has invested 0.04% in Sysco Corporation (NYSE:SYY). Gm Advisory Group Inc reported 0.07% in Sysco Corporation (NYSE:SYY). 9,400 are held by Segall Bryant Hamill Ltd Llc. Tci Wealth holds 0.09% or 3,416 shs in its capital. Brave Asset Mngmt reported 5,000 shs. Coldstream Cap invested in 44,551 shs or 0.29% of the stock. Rhumbline Advisers holds 0.11% of its capital in Sysco Corporation (NYSE:SYY) for 894,022 shs. Louisiana State Employees Retirement Sys stated it has 0.08% of its capital in Sysco Corporation (NYSE:SYY). Wellington Group Llp accumulated 1.95 million shs. Field And Main Bancorporation, Kentucky-based fund reported 10,060 shs. Parsec Finance Management owns 1.05% invested in Sysco Corporation (NYSE:SYY) for 255,141 shs.

SYY had 13 sales and 0 buys since December 13, 2017. This’s net activity of $15.63 million. Moskowitz Paul T had sold 15,333 shs worth $981,312 on Monday, May 7. On Wednesday, January 10 $4.92M worth of stock was sold by Bertrand Greg D. On Thursday, March 15 TILGHMAN RICHARD G sold $299,000 worth of Sysco Corporation (NYSE:SYY). Shurts Wayne sold 15,600 shs worth $958,386. On Tuesday, January 16 Goetz William W had sold 11,323 shs worth $702,026.

Based on the latest 2018Q1 regulatory filling from the SEC, Allen Investment Management Llc upped its holdings in Sysco Corp (NYSE:SYY) by 166.59%. Sysco Corp (NYSE:SYY) stock Sank 2.24% while 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 $61.90M, 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

A total of 9 analysts rate Sysco Corp (NYSE:SYY) as follows: 5 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 56% are bullish. (NYSE:SYY) has 13 ratings reports on 17 May 2018 according to StockzIntelligence. On Tuesday, February 6 the firm earned “Buy” rating by Loop Capital. On Thursday, February 1 the firm has “Hold” rating by RBC Capital Markets given. The stock rating was maintained by Citigroup with “Neutral” on Tuesday, March 27. The company rating was maintained by Morgan Stanley on Tuesday, May 8. 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 firm has “Hold” rating given by Jefferies. On Thursday, December 7 the stock of Sysco Corporation (NYSE:SYY) has “Hold” rating given by Jefferies. On Tuesday, May 8 Credit Suisse maintained Sysco Corporation (NYSE:SYY) with “Outperform” rating. On Tuesday, January 16 the stock has “Equal-Weight” rating by Morgan Stanley. On Tuesday, January 23 the rating was maintained by BMO Capital Markets with “Buy”.

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.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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