Anchor Bolt Capital LP Decreased Berry Global Group (BERY) Position; Fort Washington Investment Advisors Cut Sysco (SYY) Position

April 19, 2018 - By Darrin Black

Sysco Corporation (NYSE:SYY) Logo

Anchor Bolt Capital Lp decreased Berry Global Group Inc (BERY) stake by 39.44% reported in 2017Q4 SEC filing. Anchor Bolt Capital Lp sold 349,053 shares as Berry Global Group Inc (BERY)’s stock declined 8.64%. The Anchor Bolt Capital Lp holds 535,983 shares with $31.45 million value, down from 885,036 last quarter. Berry Global Group Inc now has $7.41B valuation. The stock decreased 0.56% or $0.319 during the last trading session, reaching $56.541. About 187,883 shares traded. Berry Global Group, Inc. (NYSE:BERY) has risen 13.96% since April 19, 2017 and is uptrending. It has outperformed by 2.41% the S&P500.

Fort Washington Investment Advisors Inc decreased Sysco Corp (SYY) stake by 14.81% reported in 2017Q4 SEC filing. Fort Washington Investment Advisors Inc sold 25,236 shares as Sysco Corp (SYY)’s stock declined 2.24%. The Fort Washington Investment Advisors Inc holds 145,112 shares with $8.81M value, down from 170,348 last quarter. Sysco Corp now has $31.99 billion valuation. The stock decreased 0.89% or $0.55 during the last trading session, reaching $61.3. About 794,704 shares traded. Sysco Corporation (NYSE:SYY) has risen 14.07% since April 19, 2017 and is uptrending. It has outperformed by 2.52% the S&P500.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on May, 7 before the open. They expect $0.65 earnings per share, up 27.45% or $0.14 from last year’s $0.51 per share. SYY’s profit will be $339.24M for 23.58 P/E if the $0.65 EPS becomes a reality. After $0.66 actual earnings per share reported by Sysco Corporation for the previous quarter, Wall Street now forecasts -1.52% negative EPS growth.

Since October 18, 2017, it had 0 insider purchases, and 11 insider sales for $13.28 million activity. Shurts Wayne sold 15,600 shares worth $852,696. The insider Goetz William W sold 11,323 shares worth $702,026. On Friday, March 9 Moskowitz Paul T sold $930,620 worth of Sysco Corporation (NYSE:SYY) or 15,334 shares. $4.92M worth of Sysco Corporation (NYSE:SYY) shares were sold by Bertrand Greg D. 13,334 shares valued at $809,240 were sold by Libby Russell T. on Tuesday, January 2. Another trade for 5,000 shares valued at $299,000 was made by TILGHMAN RICHARD G on Thursday, March 15. The insider DeLaney William J III sold 30,000 shares worth $1.64M.

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.12, from 0.78 in 2017Q3. It improved, as 46 investors sold SYY shares while 345 reduced holdings. 109 funds opened positions while 242 raised stakes. 400.42 million shares or 2.21% less from 409.47 million shares in 2017Q3 were reported. Trustmark Retail Bank Trust Department accumulated 4,544 shares. Millennium Management Limited Liability Corporation owns 1.06M shares or 0.09% of their US portfolio. 6 were accumulated by Nelson Van Denburg And Campbell Wealth Mgmt Gru Ltd Liability Co. Goldman Sachs Grp holds 0.1% or 7.19 million shares. Peapack Gladstone Corporation holds 0.73% of its portfolio in Sysco Corporation (NYSE:SYY) for 224,995 shares. Utah Retirement Sys holds 0.11% or 89,474 shares in its portfolio. State Bank Of Hawaii holds 0.03% in Sysco Corporation (NYSE:SYY) or 5,720 shares. Ogorek Anthony Joseph New York Adv has 215 shares. Moreover, Acg Wealth has 0.08% invested in Sysco Corporation (NYSE:SYY) for 8,853 shares. Moreover, Ar Asset Mgmt Incorporated has 0.23% invested in Sysco Corporation (NYSE:SYY) for 10,000 shares. Jpmorgan Chase & Com accumulated 1.57M shares or 0.02% of the stock. Captrust Fincl Advsrs stated it has 7,898 shares. Kistler reported 0.07% stake. Moreover, Paradigm Asset Lc has 0.5% invested in Sysco Corporation (NYSE:SYY) for 29,970 shares. 3,625 are held by Gilman Hill Asset Management Limited Liability Corporation.

Among 21 analysts covering Sysco Corporation (NYSE:SYY), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Sysco Corporation had 57 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, June 23 the stock rating was maintained by J P Morgan Chase Co with “Overweight”. RBC Capital Markets initiated the stock with “Sector Perform” rating in Wednesday, January 25 report. The stock has “Outperform” rating by Credit Suisse on Friday, February 19. Goldman Sachs initiated Sysco Corporation (NYSE:SYY) on Tuesday, December 15 with “Sell” rating. As per Monday, July 18, the company rating was initiated by Deutsche Bank. The firm has “Hold” rating by Jefferies given on Monday, February 5. The rating was maintained by Wells Fargo with “Buy” on Friday, June 23. The firm earned “Buy” rating on Monday, August 14 by Wells Fargo. RBC Capital Markets maintained Sysco Corporation (NYSE:SYY) on Friday, August 11 with “Hold” rating. Barclays Capital upgraded the stock to “Equal Weight” rating in Thursday, November 10 report.

Fort Washington Investment Advisors Inc increased Alphabet Class C stake by 65,915 shares to 210,624 valued at $220.40 million in 2017Q4. It also upped Praxair Inc (NYSE:PX) stake by 97,898 shares and now owns 159,202 shares. Gaslog Ltd (NYSE:GLOG) was raised too.

Investors sentiment increased to 1.23 in 2017 Q4. Its up 0.13, from 1.1 in 2017Q3. It is positive, as 30 investors sold BERY shares while 97 reduced holdings. 48 funds opened positions while 108 raised stakes. 119.05 million shares or 2.22% less from 121.75 million shares in 2017Q3 were reported. Raymond James Services Advsrs holds 0.01% in Berry Global Group, Inc. (NYSE:BERY) or 15,874 shares. Virginia Retirement Systems Et Al reported 51,500 shares. First Bank & Trust Of Omaha has invested 0.32% in Berry Global Group, Inc. (NYSE:BERY). Hbk Investments LP holds 152,400 shares. Moreover, Cornerstone Mgmt Limited Liability Corp has 0.05% invested in Berry Global Group, Inc. (NYSE:BERY). Barclays Public Ltd holds 27,796 shares. Cibc Asset Mgmt invested 0% of its portfolio in Berry Global Group, Inc. (NYSE:BERY). Moreover, Zweig has 0.28% invested in Berry Global Group, Inc. (NYSE:BERY). Redwood Invests Limited Liability has 0.96% invested in Berry Global Group, Inc. (NYSE:BERY) for 232,928 shares. Highland Cap Ltd Partnership owns 121,968 shares or 0.33% of their US portfolio. First Manhattan holds 44 shares. Newbrook Capital Advsrs L P, New York-based fund reported 1.36 million shares. Twin Tree Mngmt Lp holds 0% of its portfolio in Berry Global Group, Inc. (NYSE:BERY) for 10,794 shares. Earnest Prns Ltd Liability has invested 0% in Berry Global Group, Inc. (NYSE:BERY). Vaughan Nelson Invest Limited Partnership invested 0.82% in Berry Global Group, Inc. (NYSE:BERY).

Among 16 analysts covering Berry Plastics Group Inc (NYSE:BERY), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Berry Plastics Group Inc had 57 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Monday, July 10. The stock of Berry Global Group, Inc. (NYSE:BERY) earned “Buy” rating by Deutsche Bank on Wednesday, November 18. The stock of Berry Global Group, Inc. (NYSE:BERY) has “Buy” rating given on Tuesday, July 19 by Citigroup. BMO Capital Markets maintained the shares of BERY in report on Wednesday, July 19 with “Hold” rating. Barclays Capital initiated Berry Global Group, Inc. (NYSE:BERY) on Wednesday, June 15 with “Overweight” rating. As per Thursday, November 16, the company rating was maintained by SunTrust. BMO Capital Markets maintained the shares of BERY in report on Friday, August 25 with “Hold” rating. On Friday, August 26 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm earned “Neutral” rating on Monday, August 3 by Goldman Sachs. Jefferies initiated the shares of BERY in report on Thursday, October 13 with “Buy” rating.

Anchor Bolt Capital Lp increased Caterpillar Inc Del (NYSE:CAT) stake by 370,092 shares to 586,349 valued at $92.40 million in 2017Q4. It also upped Oshkosh Corp (NYSE:OSK) stake by 39,780 shares and now owns 668,328 shares. Cheniere Energy Inc (NYSEMKT:LNG) was raised too.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

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