Houston, Texas-based Sysco Corporation (SYY) sells, markets, and distributes food products to restaurants, healthcare facilities, lodging establishments, and other customers who prepare meals away from home. Valued at a market cap of $34.7 billion, the company also offers non-food essentials like paper products, tableware, cookware, and restaurant equipment.
This food distributor has considerably lagged the broader market over the past 52 weeks. Shares of SYY have gained 2.6% over this time frame, while the broader S&P 500 Index ($SPX) has soared 31%. Moreover, on a YTD basis, the stock is down 1.5%, compared to SPX’s 8.3% rise.
