Houston, Texas-based Sysco Corporation (SYY) markets and distributes a range of food and related products to the foodservice or food-away-from-home industry. Valued at a market cap of $38.7 billion, the company serves restaurants, hospitals and nursing facilities, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues.
This food distribution company has lagged behind the broader market over the past 52 weeks. SYY has gained 5.6% over this time frame, while the broader S&P 500 Index ($SPX) has soared 19.3%. Moreover, on a YTD basis, the stock is up 4.5%, compared to SPX’s 8.4% rise.
