Billionaire Nelson Peltz’s Top 5 Stock Picks

1. Sysco Corporation (SYY)

Proclaimed as the world’s biggest broad-line food distributor, Sysco Corporation is engaged in distributing and marketing food products, kitchen equipment, tabletop items, small wares, educational facilities, healthcare facilities, hospitality businesses, and acts as a wholesaler to different companies that offers food service. Aside from these, they also offer management consulting.

Sysco is a multinational company that has 330 distribution facilities and provides service to 90 different countries around the globe. With more than 600,000 clients, Sysco is recognized to be the world’s global foodservice leader.

For the First Quarter Fiscal of 2021, Sysco published a negative report for their sales, gross profit, operating income, and earnings per share. The same is true with all the other companies in the foodservice industry. Despite these negative results that are caused by the pandemic, Sysco is expected to greatly rebound this 2021, especially with the vaccine being just around the corner.

According to Sysco’s President and CEO Kevin Hourican with regards to their Q1 FY 2021 report:

“Although our first quarter 2021 results continue to be impacted by the pandemic, we are pleased with our overall expense management and our ability to produce positive free cash flow and a profitable quarter despite a 23% reduction in sales. We saw improvement in the overall sales environment throughout the quarter and remain resolutely focused on serving our customers. We are confident that Sysco’s business transformation will accelerate profitable growth as we differentiate our business from our competition to better serve the evolving needs of our customers. I am pleased with the focus and agility of Sysco’s associates as we work to transform the company and manage the complexities of the COVID-19 pandemic.”

Trian Fund Management’s Nelson Peltz’s, put his biggest portfolio allocation to Sysco Corporation that is 25.06% of his total equities. He was able to secure 24,379,843 shares of Sysco that amounts to a massive $1,516,914,000.

Please also see 10 Best Value Stocks To Buy Now and Billionaire Stephen Mandel’s Top 10 Stock Picks.

Follow Insider Monkey on Twitter