Sysco Corp. (SYY) Valuation Declined While Trian Fund Management LP Raised Its Holding; Lone Pine Capital Has Upped Electronic Arts (EA) Position by $322.78 Million

May 23, 2018 - By Michael Collier

Sysco Corporation (NYSE:SYY) Logo

Nelson Peltz increased its stake in Sysco Corp. (SYY) by 0.01% based on its latest 2017Q4 regulatory filing with the SEC. Trian Fund Management Lp bought 6,528 shares as the company’s stock declined 2.24% with the market. The hedge fund run by Nelson Peltz held 44.50M shares of the food distributors company at the end of 2017Q4, valued at $2.70 billion, up from 44.49M at the end of the previous reported quarter. Trian Fund Management Lp who had been investing in Sysco Corp. for a number of months, seems to be bullish on the $33.18 billion market cap company. The stock increased 0.08% or $0.05 during the last trading session, reaching $63.69. About 1.80M shares traded. Sysco Corporation (NYSE:SYY) has risen 14.07% since May 23, 2017 and is uptrending. It has outperformed by 2.52% the S&P500.

Stephen Mandel increased its stake in Electronic Arts Inc (EA) by 72.6% based on its latest 2017Q4 regulatory filing with the SEC. Lone Pine Capital Llc bought 3.07 million shares as the company’s stock rose 13.17% while stock markets declined. The hedge fund run by Stephen Mandel held 7.31 million shares of the prepackaged software company at the end of 2017Q4, valued at $767.80M, up from 4.23 million at the end of the previous reported quarter. Lone Pine Capital Llc who had been investing in Electronic Arts Inc for a number of months, seems to be bullish on the $40.54 billion market cap company. The stock decreased 0.55% or $0.73 during the last trading session, reaching $132.18. About 1.56 million shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 34.78% since May 23, 2017 and is uptrending. It has outperformed by 23.23% the S&P500.

Lone Pine Capital Llc, which manages about $34.98B and $19.16B US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 2.47M shares to 6.35M shares, valued at $1.09B in 2017Q4, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 631,809 shares in the quarter, leaving it with 4.40 million shares, and cut its stake in Broadcom Ltd.

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.30, from 1.15 in 2017Q3. It worsened, as 82 investors sold EA shares while 234 reduced holdings. 85 funds opened positions while 184 raised stakes. 280.71 million shares or 0.12% less from 281.04 million shares in 2017Q3 were reported. Eagle Asset Management, a Florida-based fund reported 669,719 shares. Moreover, Horseman Capital Mngmt Ltd has 0.22% invested in Electronic Arts Inc. (NASDAQ:EA) for 10,000 shares. Alps Advsr has invested 0% in Electronic Arts Inc. (NASDAQ:EA). Captrust Advsr owns 0% invested in Electronic Arts Inc. (NASDAQ:EA) for 426 shares. Hartford Management holds 0.13% or 65,470 shares in its portfolio. Jpmorgan Chase Co owns 0.14% invested in Electronic Arts Inc. (NASDAQ:EA) for 6.25 million shares. Moreover, Tci Wealth Advisors has 0.01% invested in Electronic Arts Inc. (NASDAQ:EA) for 267 shares. State Of Alaska Department Of Revenue holds 0.1% in Electronic Arts Inc. (NASDAQ:EA) or 40,509 shares. Campbell & Investment Adviser Limited Liability Company, Maryland-based fund reported 1,921 shares. Brinker Capital has invested 0.04% in Electronic Arts Inc. (NASDAQ:EA). Alliancebernstein Limited Partnership holds 0.16% or 2.10M shares in its portfolio. Renaissance Ltd Liability reported 9,372 shares. Quantitative Systematic Strategies Ltd holds 8,478 shares or 0.23% of its portfolio. Bessemer Grp reported 0% stake. Moreover, Patten And Patten Incorporated Tn has 0.19% invested in Electronic Arts Inc. (NASDAQ:EA) for 18,455 shares.

Since December 14, 2017, it had 0 buys, and 42 sales for $30.19 million activity. The insider Schatz Jacob J. sold 1,000 shares worth $125,370. $23,612 worth of stock was sold by Singh Vijayanthimala on Tuesday, May 1. Wilson Andrew sold $1.11M worth of stock or 9,000 shares. Another trade for 750 shares valued at $89,265 was made by Miele Laura on Tuesday, May 1. Another trade for 1,000 shares valued at $125,584 was sold by Warren Denise. Soderlund Patrick had sold 5,000 shares worth $543,265 on Tuesday, January 2.

Among 29 analysts covering Electronic Arts (NASDAQ:EA), 26 have Buy rating, 0 Sell and 3 Hold. Therefore 90% are positive. Electronic Arts had 97 analyst reports since July 28, 2015 according to SRatingsIntel. Piper Jaffray maintained Electronic Arts Inc. (NASDAQ:EA) on Wednesday, October 11 with “Buy” rating. The firm earned “Hold” rating on Monday, December 18 by BTIG Research. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Hold” rating by BMO Capital Markets on Monday, June 12. BMO Capital Markets initiated the stock with “Market Perform” rating in Wednesday, April 27 report. As per Sunday, November 19, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, November 1. Bank of America upgraded Electronic Arts Inc. (NASDAQ:EA) on Monday, January 18 to “Buy” rating. The firm has “Overweight” rating given on Friday, September 23 by Morgan Stanley. The firm earned “Buy” rating on Tuesday, October 3 by Jefferies. The firm has “Buy” rating given on Monday, July 10 by Stifel Nicolaus.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Streetinsider.com which released: “Electronic Arts (EA) Buys Cloud Gaming Technology Assets” on May 22, 2018, also Seekingalpha.com with their article: “Tracking Dan Loeb’s Third Point Portfolio – Q1 2018 Update” published on May 22, 2018, Investorplace.com published: “Electronic Arts Inc. Stock Might Have a Drop More Upside” on May 15, 2018. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Seekingalpha.com and their article: “Live Services Are Like Taxes For Gamers” published on May 07, 2018 as well as Fool.com‘s news article titled: “How Electronic Arts Is Staying in the Game” with publication date: May 17, 2018.

Since December 13, 2017, it had 0 insider purchases, and 14 insider sales for $15.94 million activity. $303,100 worth of Sysco Corporation (NYSE:SYY) was sold by TILGHMAN RICHARD G. Goetz William W also sold $702,026 worth of Sysco Corporation (NYSE:SYY) on Tuesday, January 16. The insider Shurts Wayne sold $959,712. 13,334 shares were sold by Libby Russell T., worth $809,240. Bertrand Greg D sold 81,038 shares worth $4.92M.

Investors sentiment increased to 0.9 in Q4 2017. 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. Washington Trust accumulated 4,358 shares. Ironwood Invest Counsel Ltd Com owns 142,692 shares or 3.2% of their US portfolio. Hexavest Inc stated it has 1.25 million shares. Fukoku Mutual Life Ins stated it has 3,600 shares or 0.03% of all its holdings. Qs Invsts Lc accumulated 53,665 shares or 0.03% of the stock. Fiduciary Financial Serv Of The Southwest Inc Tx stated it has 0.26% in Sysco Corporation (NYSE:SYY). Stifel Fincl Corp reported 0.19% of its portfolio in Sysco Corporation (NYSE:SYY). Virtus Invest Advisers has invested 1.07% in Sysco Corporation (NYSE:SYY). Orrstown Financial Svcs holds 1.19% of its portfolio in Sysco Corporation (NYSE:SYY) for 17,085 shares. Greenleaf Tru has 0.01% invested in Sysco Corporation (NYSE:SYY) for 4,750 shares. Amica Mutual Insur Co reported 20,344 shares. The Texas-based Cullen Frost Bankers Inc has invested 0.04% in Sysco Corporation (NYSE:SYY). National Pension Service reported 490,372 shares or 0.15% of all its holdings. Wg Shaheen & Dba Whitney & reported 16,950 shares. Marco Investment Mngmt Ltd Com holds 0.22% or 23,300 shares.

More important recent Sysco Corporation (NYSE:SYY) news were published by: Globenewswire.com which released: “Sysco to Webcast Presentation From the 2018 Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference” on May 22, 2018, also Seekingalpha.com published article titled: “Sysco Corporation 2018 Q3 – Results – Earnings Call Slides”, Globenewswire.com published: “Sysco Reports Third Quarter Earnings” on May 07, 2018. More interesting news about Sysco Corporation (NYSE:SYY) was released by: Seekingalpha.com and their article: “Sysco: Not Messing Around” with publication date: May 08, 2018.

Trian Fund Management Lp, which manages about $8.60B and $11.82B US Long portfolio, decreased its stake in Bank New York Mellon Corp. (NYSE:BK) by 6.60 million shares to 15.78 million shares, valued at $849.72 million in 2017Q4, according to the filing.

Electronic Arts Inc. (NASDAQ:EA) Institutional Positions Chart

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