|Day's Range||49.50 - 52.03|
|52 Week Range||47.15 - 57.07|
|PE Ratio (TTM)||26.32|
|Earnings Date||Aug 14, 2017|
|Dividend & Yield||1.32 (2.64%)|
|1y Target Est||55.79|
These stocks dropped on a quiet day on Wall Street. Find out why.
Food-distribution giant Sysco was sucker-punched on Friday following reports that a new competitor — a potentially fierce competitor — was looking to get into the industry. It’s not as outlandish as it might have seemed several days ago, before Amazon announced it would be acquiring specialty grocer Whole Foods Market, Inc. (NASDAQ:WFM). While Amazon sells and delivers groceries and staples on a limited basis, the Whole Foods purchase was a big step into the brick-and-mortar aspect of the business.
Amazon may want to dive into food service distribution, potentially shaking up an industry now dominated by three large players, according to a report.