Sysco (NYSE:SYY) has decided to expand its food distribution facility in Lincoln.

Sysco (NYSE:SYY) Expanding Distribution

Houston-based food distribution company Sysco (NYSE:SYY) said that it is planning to nearly double the size of its food distribution facility at 800 Cattail Road, near Lincoln Airport.

According to Charley Wilson, a spokesman for Sysco (NYSE:SYY), “We’re looking to the future to make sure we have a modern distribution facility. Because the expansion’s aim is to put the company.”

Sysco (NYSE:SYY) stocks are currently standing at 31.17.

Price History
Last Price: 31.17
52 Week Low / High: 27.13 / 32.76
50 Day Moving Average: 31.08
6 Month Price Change %: 2.7%
12 Month Price Change %: 4.3%

Sysco (NYSE:SYY) has selected KBR’s building group to build a new distribution centre in Boston.

Sysco (NYSE:SYY) Makes New Centre Deal

Under this new deal, a 632,767 square foot food distribution facility for Sysco (NYSE:SYY) in Plympton will be designed and constructed by KBR’s building group.

The work includes the design and construction of a new warehouse, office and distribution centre including the architectural, structural, mechanical, and electrical elements.

Mac Carpenter, Building Group Senior Vice President said, “Our extensive experience with cold storage/distribution facilities, combined with our design-build track record on multiple Sysco (NYSE:SYY) projects led to the Building Group’s selection. We are pleased to continue our work with Sysco (NYSE:SYY) and look forward to helping our client to further expand its business.”

Sysco (NYSE:SYY) shares are currently standing at 30.77.

Price History
Last Price: 30.77
52 Week Low / High: 27.13 / 32.76
50 Day Moving Average: 29.93
6 Month Price Change %: 5.5%
12 Month Price Change %: 4.3%

Sysco (NYSE:SYY) has announced the acquisition of California based Goldberg & Solovy Foods, Inc.

Sysco (NYSE:SYY) Makes Key Acquisition

According to an announcement made by the company, it acquired California based Broadline foodservice distributor Goldberg & Solovy Foods from May 24, 2011 onwards.

The management team and employees of G&S will remain with the company.

Scott Sonnemaker, Sysco (NYSE:SYY)’s senior vice president, western region said, “G&S’ protein specialty and high-quality customer service are an ideal fit with Sysco (NYSE:SYY)’s culture and operations. We welcome the G&S team to Sysco (NYSE:SYY) and look forward to working together to continue to grow the business.”

Sysco (NYSE:SYY) stocks were at 31.99 at the end of the last day’s trading. There’s been a 14.6% change in the stock price over the past 3 months.

Sysco (NYSE:SYY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.6
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.45
Zack’s Rank: 5 out of 7 in the industry

Sysco (NYSE:SYY) Canada has acquired the foodservice business unit of Bedell.

Sysco (NYSE:SYY) Makes Food Acquisition

A report says that the US-based food distribution giant Sysco (NYSE:SYY) has acquired Foodservice Distributors of Bedell to expand its operation in the region.

This move is expected to bring more than 130 new jobs in Bedell’s locations in Windsor, London and Dover Centre.

Lloyd Shepley, Bedell’s general manager of local operations said, “Its great news for all of us. Sysco (NYSE:SYY) is the largest food distributor in North America and this gives us more stability as a company moving forward. It will also give our employees greater opportunities for advancement and relocation. I see it as a great situation for our company, our employees and the local community.”

Sysco (NYSE:SYY) company shares are currently standing at 31.57.

Price History
Last Price: 31.57
52 Week Low / High: 27.13 / 32.76
50 Day Moving Average: 28.22
6 Month Price Change %: -4.9%
12 Month Price Change %: -7.7%

Sysco (NYSE:SYY) has completed a $5.7 million property deal in Plympton, MA.

Sysco (NYSE:SYY) Signs Property Deal

Reports say that the US based food service giant Sysco (NYSE:SYY) has completed a $5.7 million land purchase for a huge distribution center in Plympton.

The construction of this 650,000-square-foot building is expected to begin in a month and could be open by July 2012.

Fred Casinelli, President Sysco (NYSE:SYY) Boston said, “We’re going to move pretty fast. The center will replace Sysco (NYSE:SYY)’s current location in Norton. The company expects to add about 75 employees to its work force.”

Sysco (NYSE:SYY) stocks were at 28.65 at the end of the last day’s trading. There’s been a -0.8% change in the stock price over the past 3 months.

Sysco (NYSE:SYY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.6
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.45
Zack’s Rank: 5 out of 7 in the industry

Sysco (NYSE:SYY)’s subsidiary has plans to form a distribution deal with Jamba Inc.

Sysco (NYSE:SYY) Talks Turkey

As part of a move to expand its operations into new locations, Jamba will make a supply chain distribution alliance with SYGMA, a foodservice distribution company owned by Sysco Corporation (NYSE:SYY).

The financial terms of the deal have not disclosed.

Greg Schwartz, vice president, supply chain, for Jamba Juice said, “Due to Sysco (NYSE:SYY)’s strong national distribution network, particularly to non-traditional outlets such as airports, universities, and malls, we expect that our alliance will not only help us achieve those goals, but also positions us well to drive additional growth.”

Sysco (NYSE:SYY) shares were at 28.03 at the end of the last day’s trading. There’s been a -1.6% movement in the stock price over the past 3 months.

Sysco (NYSE:SYY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.45
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.27
Zack’s Rank: 6 out of 6 in the industry

Sysco (NYSE:SYY) has reported a 4% drop in its second-quarter earnings.

Sysco (NYSE:SYY) Earnings Drop

The largest food distributor in the US, Sysco (NYSE:SYY) has posted a net earnings of $258 million in its second-quarter, compared with the $268 million of the same quarter last year.

Higher food, fuel and overhead costs are said to be the main drivers of this decline in profits.

Sysco (NYSE:SYY) Chief Executive Bill DeLaney said, “The fiscal second-quarter results reflect the unfavorable impact of certain market conditions and operational challenges that we were unable to fully overcome in the near term. Looking forward, we are highly focused on improving the execution of our business plan in the second half of our fiscal year.”

Sysco (NYSE:SYY) company shares are currently standing at 28.01.

Sysco (NYSE:SYY) Corporation has ordered new GenDrive fuel cells for its Virginia facility.

Sysco (NYSE:SYY) shares are currently standing at 29.96.

Sysco (NYSE:SYY) Orders Fuel Cells

Under this new order, Plug Power Inc, a leader in providing clean, reliable energy solutions will supply 100 hydrogen fuel cell units for Sysco’s (NYSE:SYY) Front Royal Virginia Baugh Northeast Co-op, Inc.

This is the third order the company is receiving from Sysco (NYSE:SYY) Corporation.

Andy Marsh, CEO at Plug Power said, “It’s extremely rewarding to see our commercially viable GenDrive products making a substantial impact for another repeat customer. I’m optimistic that we’ll see more of Sysco’s (NYSE:SYY) distribution centers convert to fuel cells as the benefits continue to be realized within the organization.”

If you’re contemplating investing in Sysco (NYSE:SYY) stocks, make sure you make the trade at the right price. Finding a gap in the market or technical analysis can be a fruitless exercise, but do take into account the price history:

We will be monitoring the Sysco (NYSE:SYY) stock price for changes over the next few weeks.