Sysco traded at $69.30 this Monday March 30th, decreasing $12.50 or 15.28 percent since the previous trading session. Looking back, over the last four weeks, Sysco lost 23.41 percent. Over the last 12 months, its price fell by 7.65 percent. Looking ahead, we forecast Sysco to be priced at 79.35 by the end of this quarter and at 72.42 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company is engaged in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its products also include equipment and supplies for the foodservice and hospitality industries. Its segments include U.S. Foodservice, International Foodservice, SYGMA and Other. The U.S. Foodservice segment distributes a line of food products, including custom-cut meat, seafood, specialty produce, specialty imports and a variety of non-food products. The International Foodservice segment includes operations in the Americas and Europe, which distribute a line of food products and a variety of non-food products. The SYGMA is the Company’s United States customized distribution subsidiary. The Other segment includes its hotel supply operations.