Stocks Sysco Corp

More

  • Sysco tops 2Q profit forecasts Monday, 1 Feb 2016 | 8:11 AM ET

    HOUSTON _ Sysco Corp. on Monday reported fiscal second-quarter profit of $272.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. Sysco shares have fallen almost 3 percent since the beginning of the year, while the Standard& Poor's 500 index has declined 5 percent.

  • Traders work on the floor of the New York Stock Exchange

    U.S. stock futures were lower this morning, after closing out Friday the worst January on Wall Street since 2009 but the best single day since September.

  • *GE terminates agreement after regulatory objections. STOCKHOLM/ WASHINGTON, Dec 7- General Electric on Monday walked away from a $3.3 billion agreement to sell its appliances business to Sweden's Electrolux, terminating the deal after months of opposition from U.S. antitrust regulators. The U.S. Justice Department had filed a lawsuit in July asking a judge to...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stock index futures pointed to a higher open on Monday ahead of a data packed week, with the all-important jobs report on Friday in focus.

  • Markets to tune out Fed speakers in favor of data Friday, 30 Oct 2015 | 6:28 PM ET
    A trader works on the floor of the New York Stock Exchange on Aug. 24, 2015, in New York City.

    Markets will be laser-focused on Friday's October jobs report in the week ahead and may even look past more than a dozen scheduled Fed speeches.

  • Is piggybacking Peltz into GE a good strategy? Monday, 5 Oct 2015 | 11:44 AM ET
    Nelson Peltz at Delivering Alpha 2015 in New York on July 15, 2015.

    CNBC Pro ran quantitative analysis and used a data service used by hedge funds to figure out how investors would have done by buying Trian's stocks.

  • NEW YORK, Sept 25- Early in August, a call came into Sysco Corp from Trian Fund Management LP, warning the food distributor that the activist hedge fund was about to disclose a large stake in the company. Trian, run by veteran investor Nelson Peltz, unveiled its 7.1 stake in Sysco on Aug. 14, and asked for board representation and for the Houston- based company to improve...

  • The goldilocks trade Friday, 11 Sep 2015 | 2:50 PM ET
    Stock picking selecting

    Pros pick top small, mid and large cap stocks

  • WASHINGTON, Sept 9- The U.S. Senate's top antitrust overseer, elected with backing from the Tea Party, has fought the Obama administration and has a 100 percent rating from the conservative Heritage Foundation. But when it comes to enforcing antitrust law, Republican Senator Mike Lee of Utah stopped well short of faulting the administration.

  • Sept 8- Pump and valve maker Pentair Plc on Tuesday said it would appoint a founding partner of Trian to its board, giving the activist hedge fund a seat inside the company following its recent purchase of a 7.2 percent stake. Trian, which under the leadership of founder Nelson Peltz has taken on companies such as PepsiCo and DuPont, disclosed a 7 percent stake in...

  • UPDATE 1-Food distributor Sysco adds Peltz to its board Thursday, 20 Aug 2015 | 5:13 PM ET

    Aug 20- Food distributor Sysco Corp added Nelson Peltz to its board, days after the activist investor disclosed a 7.1 percent stake in the company and called its shares "undervalued". Sysco said it was also appointing Josh Frank, a partner at Peltz's Trian Fund Management LP, to the board effective Friday. "Sysco is a leader in its business, and we believe it is...

  • Sysco said it was also appointing Josh Frank, a partner at Peltz's Trian Fund Management L.P., to the board effective Aug. 21.

  • *Euro zone agrees to launch bailout for Greece. *J.C. Penney, Nordstrom rise after results. Aug 14- U.S. stocks ended a volatile week higher on Friday after upbeat U.S. economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece.

  • Stocks end higher amid Greece, data; Fed in focus Friday, 14 Aug 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed higher amid Greece and after the release of three more economic data sets.

  • *J.C. Penney, Nordstrom rise after strong results. J.C. Penney and Nordstrom both rose after the department store chains posted better-than-expected quarterly results. J.C. Penney was up 5.1 percent at $8.48 while Nordstrom jumped 3.7 percent to $77.72 and was among the biggest percentage gainers in the S&P 500, while the S&P retail index was up 0.4 percent.

  • Sysco shares pop after Peltz's Trian takes stake Friday, 14 Aug 2015 | 2:21 PM ET
    Nelson Peltz takes stake in Sysco.

    Trian would become the largest individual shareholder in Sysco.

  • Aug 14- Activist investor Nelson Peltz's hedge fund, Trian Partners, has picked up a more than 7 percent stake in Sysco Corp for about $1.6 billion, calling the largest U.S. food distributor's shares "undervalued." Sysco's shares jumped 8.7 percent to a 20- month high of $41.87 in afternoon trading on Friday. Trian, which becomes Sysco's largest shareholder...

  • *King Digital, El Pollo Loco slump as results disappoint. *J.C. Penney, Nordstrom rise after strong results. The positive data comes at the end of a choppy week during which China devalued its currency, hitting markets and derailing predictions of a rate hike.

  • Aug 14- Activist investor Nelson Peltz's hedge fund, Trian Partners, has picked up a more than 7 percent stake in Sysco Corp, calling the largest U.S. food distributor's shares undervalued.

  • Early movers: PCP, IBM, BABA, TWTR, AZN & more Monday, 10 Aug 2015 | 8:38 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Take a look at some of Monday's early movers.