As Sysco (SYY) Share Price Rose, Richard C Young & Company Has Trimmed Stake by $673131 …



July 13, 2018 – By Sarah Harris

The Bank of New York Mellon Corporation (NYSE:BK) Logo

Richard C Young & Company decreased its stake in Sysco Corp (SYY) by 12.35% based on its latest 2018Q1 regulatory filing with the SEC. Richard C Young & Company sold 11,409 shares as the company’s stock rose 7.86% while stock markets declined. The institutional investor held 80,937 shares of the food distributors company at the end of 2018Q1, valued at $4.85 million, down from 92,346 at the end of the previous reported quarter. Richard C Young & Company who had been investing in Sysco Corp for a number of months, seems to be less bullish one the $36.90B market cap company. The stock increased 1.42% or $0.99 during the last trading session, reaching $70.83. About 819,819 shares traded. Sysco Corporation (NYSE:SYY) has risen 19.79% since July 13, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.

Michael Blitzer decreased its stake in Bank New York Mellon Corp (BK) by 33.33% based on its latest 2018Q1 regulatory filing with the SEC. Kingstown Capital Management Lp sold 500,000 shares as the company’s stock declined 2.03% with the market. The hedge fund run by Michael Blitzer held 1.00M shares of the major banks company at the end of 2018Q1, valued at $51.53M, down from 1.50 million at the end of the previous reported quarter. Kingstown Capital Management Lp who had been investing in Bank New York Mellon Corp for a number of months, seems to be less bullish one the $53.75 billion market cap company. The stock decreased 0.59% or $0.315 during the last trading session, reaching $53.185. About 1.83 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 20.30% since July 13, 2017 and is uptrending. It has outperformed by 7.73% the S&P500. Some Historical BK News: 09/04/2018 – 12YQ: Bank of New York Mellon: FRN Variable Rate Fix; 12/03/2018 – 71TB: Bank of New York Mellon: FRN Variable Rate Fix; 03/04/2018 – 31IB: Bank of New York Mellon: FRN Variable Rate Fix; 17/05/2018 – 42CG: Bank of New York Mellon: FRN Variable Rate Fix Amendment; 08/03/2018 – BNY SAYS ETF ACQUISITIONS ARE NOT THE RIGHT PATH FOR COMPANY; 16/04/2018 – BNY Mellon’s Pershing Launches New Retirement Plan Oversight Tool; 11/05/2018 – Close Asset Adds Bank of New York Mellon, Exits Booking: 13F; 19/04/2018 – Bank of New York Mellon 1Q Fee Revenue $3.32B; 15/05/2018 – 34RL: Bank of New York Mellon: FRN Variable Rate Fix; 13/03/2018 – BNY Mellon Continues to Take Long-Term View (Video)

Since January 16, 2018, it had 0 insider purchases, and 15 selling transactions for $312.29 million activity. $1.92 million worth of Sysco Corporation (NYSE:SYY) shares were sold by Moskowitz Paul T. $1.19 million worth of Sysco Corporation (NYSE:SYY) was sold by Grade Joel T.. TILGHMAN RICHARD G had sold 5,000 shares worth $299,000 on Thursday, March 15. Frank Joshua D. also sold $150.74 million worth of Sysco Corporation (NYSE:SYY) shares. PELTZ NELSON also sold $150.74 million worth of Sysco Corporation (NYSE:SYY) shares. Goetz William W sold $702,026 worth of Sysco Corporation (NYSE:SYY) on Tuesday, January 16.

Another recent and important Sysco Corporation (NYSE:SYY) news was published by Seekingalpha.com which published an article titled: “Sysco: Wait For A Pullback” on June 22, 2018.

Among 21 analysts covering Sysco Corporation (NYSE:SYY), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Sysco Corporation had 61 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, January 23. The stock of Sysco Corporation (NYSE:SYY) earned “Neutral” rating by Credit Suisse on Wednesday, November 16. Citigroup maintained Sysco Corporation (NYSE:SYY) on Tuesday, June 19 with “Neutral” rating. The stock of Sysco Corporation (NYSE:SYY) has “Neutral” rating given on Friday, March 11 by Clevland Research. The firm has “Outperform” rating given on Tuesday, May 3 by Macquarie Research. The stock of Sysco Corporation (NYSE:SYY) earned “Outperform” rating by Wells Fargo on Thursday, November 19. On Monday, June 19 the stock rating was maintained by RBC Capital Markets with “Hold”. Pivotal Research maintained Sysco Corporation (NYSE:SYY) on Friday, August 11 with “Hold” rating. The rating was maintained by Jefferies on Thursday, August 3 with “Hold”. On Wednesday, August 26 the stock rating was maintained by Deutsche Bank with “Hold”.

Investors sentiment decreased to 0.8 in 2018 Q1. Its down 0.10, from 0.9 in 2017Q4. It worsened, as 57 investors sold SYY shares while 363 reduced holdings. 89 funds opened positions while 245 raised stakes. 408.53 million shares or 2.03% more from 400.42 million shares in 2017Q4 were reported. Loudon Invest Mgmt Lc, a New Hampshire-based fund reported 8,300 shares. California-based Telos has invested 0.49% in Sysco Corporation (NYSE:SYY). Fmr Lc accumulated 0.03% or 4.89M shares. Moreover, Monetary Management Grp Inc has 0.01% invested in Sysco Corporation (NYSE:SYY). Prelude Capital Mgmt Lc, a New York-based fund reported 19,517 shares. Arrow Corp stated it has 0.01% of its portfolio in Sysco Corporation (NYSE:SYY). First Foundation holds 0.02% or 5,699 shares. Pennsylvania, a Pennsylvania-based fund reported 60,626 shares. Hsbc Public Ltd Company invested 0.04% of its portfolio in Sysco Corporation (NYSE:SYY). Caisse De Depot Et Placement Du Quebec holds 0.05% or 315,043 shares. The Michigan-based Solutions Limited Liability Corporation has invested 0% in Sysco Corporation (NYSE:SYY). Commonwealth Savings Bank Of Australia has 0.05% invested in Sysco Corporation (NYSE:SYY). Orrstown Financial Svcs Inc invested 1.16% of its portfolio in Sysco Corporation (NYSE:SYY). Hanson Mcclain holds 0.02% or 4,341 shares in its portfolio. Whitnell & Company accumulated 3,605 shares or 0.09% of the stock.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on August, 13. They expect $0.94 EPS, up 30.56% or $0.22 from last year’s $0.72 per share. SYY’s profit will be $489.73 million for 18.84 P/E if the $0.94 EPS becomes a reality. After $0.67 actual EPS reported by Sysco Corporation for the previous quarter, Wall Street now forecasts 40.30% EPS growth.

Richard C Young & Company, which manages about $977.77 million and $502.67M US Long portfolio, upped its stake in American Tower Corp New (NYSE:AMT) by 9,940 shares to 32,765 shares, valued at $4.76 million in 2018Q1, according to the filing. It also increased its holding in Pepsico Inc (NYSE:PEP) by 4,843 shares in the quarter, for a total of 17,894 shares, and has risen its stake in United Technologies Corp (NYSE:UTX).

Kingstown Capital Management Lp, which manages about $1.19 billion and $673.51 million US Long portfolio, upped its stake in Pg&E Corp (NYSE:PCG) by 500,000 shares to 1.50M shares, valued at $65.90M in 2018Q1, according to the filing.

More news for The Bank of New York Mellon Corporation (NYSE:BK) were recently published by: 247Wallst.com, which released: “Top Analyst Upgrades and Downgrades: AT&T, BlackRock, Broadcom, Diageo, Kinross Gold, United Rentals, Williams …” on July 13, 2018. Seekingalpha.com‘s article titled: “Banks lead group of expected dividend hikers next week” and published on July 13, 2018 is yet another important article.

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. The Bank Of New York Mellon Corporation had 86 analyst reports since July 22, 2015 according to SRatingsIntel. J.P. Morgan downgraded it to “Sell” rating and $55.5 target in Friday, January 19 report. The rating was maintained by Morgan Stanley with “Overweight” on Friday, April 20. The rating was maintained by Keefe Bruyette & Woods on Thursday, March 8 with “Hold”. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Buy” rating by Deutsche Bank on Thursday, June 16. The firm has “Buy” rating given on Friday, April 6 by Vining Sparks. Bank of America upgraded the shares of BK in report on Thursday, September 17 to “Buy” rating. The rating was maintained by Barclays Capital on Tuesday, January 3 with “Overweight”. Morgan Stanley maintained The Bank of New York Mellon Corporation (NYSE:BK) on Friday, February 2 with “Overweight” rating. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Friday, January 20. Jefferies maintained it with “Hold” rating and $60.0 target in Tuesday, January 9 report.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.12, from 0.99 in 2017Q4. It fall, as 53 investors sold BK shares while 340 reduced holdings. 81 funds opened positions while 260 raised stakes. 812.17 million shares or 1.50% less from 824.52 million shares in 2017Q4 were reported. Asset Mngmt Advsr Limited Liability Company holds 85,055 shares. California-based Wealthfront has invested 0.02% in The Bank of New York Mellon Corporation (NYSE:BK). Cullinan holds 45,650 shares. Cobblestone Capital Advisors Ltd Liability Company invested 1.18% in The Bank of New York Mellon Corporation (NYSE:BK). Chesley Taft And Associate Limited Company stated it has 0.02% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). 90,359 were reported by Stephens Ar. Argent holds 0.08% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 5,551 shares. 7,964 are owned by M. Advisor Prtnrs Ltd Liability owns 26,894 shares. 17.82M were reported by Longview Prtn (Guernsey) Ltd. Arcadia Mi reported 1,850 shares stake. Avalon Advsrs Ltd Liability Com holds 0.01% or 4,097 shares. Jpmorgan Chase holds 0.09% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 8.42M shares. Brown Brothers Harriman & Co owns 11,653 shares. Cipher Ltd Partnership reported 16,561 shares stake.

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on July, 19 before the open. They expect $1.03 EPS, up 11.96% or $0.11 from last year’s $0.92 per share. BK’s profit will be $1.04 billion for 12.91 P/E if the $1.03 EPS becomes a reality. After $1.10 actual EPS reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts -6.36% negative EPS growth.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

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