market folly

Nelson Peltz's activist firm Trian Fund Management has filed a Form 4 with the SEC regarding its stake in Sysco (SYY).  Per the filing, Trian sold 372,314 shares on September 12th and 13th at weighted average price of $53.0893.

After these transactions, Trian still owns over 43.59 million shares.  The filing notes this sale was made in conjunction with the liquidation of an investment fund managed by Trian.

For more from this firm, we recently posted up Trian's presentation on Procter & Gamble (PG).

Per Google Finance, Sysco is "a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company's segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States. Broadline operating companies distribute a full line of food products and a range of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served. SYGMA operating companies distribute a full line of food products and a range of non-food products to certain chain restaurant customer locations. The Other segment includes the Company's specialty produce; custom-cut meat operations; lodging industry segments; a company that distributes specialty imported products; a company that distributes to international customers, and Sysco Ventures platform."