Sysco Corporation (NYSE:SYY) traded today at a new 12-month high of $89.11. So far today approximately 834,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.
In the past 12 months, shares of Sysco Corporation have traded between a low of $68.05 and a high of $89.11 and are now at $88.70, which is 30% above that low price.
Sysco is the largest U.S. food-service distributor, boasting 17% market share of the highly fragmented food-service distribution industry. Sysco distributes over 400,000 food and nonfood products to restaurants (66% of revenue), healthcare facilities (9%), education and government buildings (8%), travel and leisure (5%), and other locations (14%) where individuals consume away-from-home meals. In fiscal 2021, 83% of the firm’s revenue was U.S.-based, with 8% from Canada, 3% from the U.K., 2% from France, and 4% other.
Sysco Corporation is currently priced 34.8% above its average consensus analyst price target of $57.87.
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