Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

SYSCO CORPORATION

(SYY)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Judge in Google Lawsuit Presided Over Major Antitrust Case

10/21/2020 | 11:29am EDT

By Brent Kendall

WASHINGTON -- The Justice Department's lawsuit against Google has been assigned to U.S. District Judge Amit Mehta, an Obama appointee who has presided over a major antitrust case.

Judge Mehta joined the bench in early 2015 and a short time later received his welcome gift: a case in which the Federal Trade Commission was seeking to block the proposed merger of the nation's two largest food distributors, Sysco Corp. and US Foods.

That summer, the judge issued an injunction blocking the deal, saying in a 128-page ruling that the tie-up was the type of large combination that spurred Congress, decades earlier, to give the government the power to halt mergers. Sysco abandoned the transaction days later.

Because antitrust cases rarely go to court, many judges have little experience with them, which can present challenges for litigants.

Though Judge Mehta ruled for the FTC, he grilled the government throughout the proceedings, questioning economic calculations presented by the commission.

More recently, Judge Mehta issued a high-profile ruling last year that said President Trump couldn't block a subpoena from a House committee seeking financial records from his longtime accounting firm.

That case remains in litigation after making a trip to the Supreme Court.

The Justice Department's lawsuit against Google, filed Tuesday, marks the government's most aggressive antitrust case in the tech sector in more than two decades.

The department alleged that the Alphabet Inc. unit uses anticompetitive tactics to preserve a monopoly for its flagship search engine and related advertising business. Google called the lawsuit deeply flawed, saying it maintains its top market position because consumers want to use its services, many of which are free.

Write to Brent Kendall at brent.kendall@wsj.com

(END) Dow Jones Newswires

10-21-20 1128ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.34% 2402.22 Delayed Quote.38.93%
LONDON BRENT OIL 0.44% 73.22 Delayed Quote.42.82%
SYSCO CORPORATION -1.75% 74.71 Delayed Quote.2.40%
US FOODS HOLDING CORP. -0.90% 36.51 Delayed Quote.10.60%
WTI 0.78% 71.41 Delayed Quote.48.31%
All news about SYSCO CORPORATION
06/10SYSCOá : Significant Insider Sales Reported in Shares of Sysco (SYY) Extending t..
MT
06/09INSIDER TRENDS : Insider Prolongs 90-Day Selling Trend at Sysco
MT
06/09INSIDER TRENDS : Sysco Insider Extends 90-Day Selling Trend
MT
06/04Sysco Corporation AnnouncesáPricing of its Pending Cash Tender Offer to Purch..
GL
06/04Sysco Corporation Announces Early Tender Results And Upsizing of its Pending ..
GL
05/28SYSCOá : Significant Insider Sales Reported in Shares of Sysco (SYY) Extending t..
MT
05/27INSIDER TRENDS : Sysco Insider Continues 90-Day Selling Trend
MT
05/27INSIDER TRENDS : Insider Extends 90-Day Selling Trend at Sysco
MT
05/24SYSCOá : Morgan Stanley Adjusts Price Target on Sysco to $89 From $88, Maintains..
MT
05/21SYSCOá : Barclays Adjusts Price Target on Sysco to $83 From $80, Maintains Equal..
MT
More news
Financials (USD)
Sales 2021 49 726 M - -
Net income 2021 604 M - -
Net Debt 2021 8 503 M - -
P/E ratio 2021 64,6x
Yield 2021 2,37%
Capitalization 38 901 M 38 901 M -
EV / Sales 2021 0,95x
EV / Sales 2022 0,79x
Nbr of Employees 57 000
Free-Float 66,7%
Chart SYSCO CORPORATION
Duration : Period :
Sysco Corporation Technical Analysis Chart | SYY | US8718291078 | MarketScreener
Technical analysis trends SYSCO CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 86,90 $
Last Close Price 76,04 $
Spread / Highest target 27,6%
Spread / Average Target 14,3%
Spread / Lowest Target -14,5%
EPS Revisions
Managers and Directors
NameTitle
Kevin P. Hourican President, Chief Executive Officer & Director
Aaron E. Alt Chief Financial Officer & Executive Vice President
Edward D. Shirley Executive Chairman
Tom Peck Executive VP, Chief Information & Digital Officer
Sandra G. Carson VP-Enterprise Risk Management & Compliance
Sector and Competitors
1st jan.Capitalization (M$)
SYSCO CORPORATION2.40%38 901
WOOLWORTHS GROUP LIMITED8.55%41 500
AHOLD DELHAIZE N.V.7.44%30 509
THE KROGER CO.23.36%29 307
TESCO PLC-0.11%24 753
AEON CO., LTD.-12.63%22 611