Company: Sysco Corporation (SYY)
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Company Profile: Sysco is the largest US foodservice distributor with 17% share of the highly fragmented $370 billion domestic market. It distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2023 revenue), education and government buildings (8%), travel and leisure (8%), healthcare facilities (7%), and other locations (15%) where individuals consume away-from-home meals. In fiscal 2023, 70% of the firmÕs revenue was derived from its US foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments contributed the rest. -Morningstar.com-
Symbol: SYY
Recent Price: $76.16
Dividends: $2.04
Yield: 2.68%
Sector: Consumer Defensive
Industry: Food Distribution
Address & Company Phone #: 1390 Enclave Pkwy. Houston TX 77077-2099, 281-584-1390
Transfer Agent: Broadridge Corporate Issuer 888-225-5799
Moody’s Rating: Baa1
Minimum & Maximum Investment: $100 – $10,000/month
Investment Dates: 4th Friday of each month
Shares to Qualify: 1 Share
Fees: Div.: $0 Cash: $2.50+5¢/sh. Cert: $0 Sells: by Mail or Internet for $10+5¢/sh.
52 Week High & Low: $82.55, $62.24