Sysco Corporation (SYY), headquartered in Houston, Texas, is a leading broad-line foodservice distributor in the United States. The company supplies a variety of food and related products, including meat, seafood, dairy, produce, dry goods, frozen foods, kitchen equipment and disposables to restaurants, healthcare and educational institutions, lodging establishments, and other food-away-from-home customers. Sysco’s market cap is around $34.9 billion.
Shares of the food distribution company have lagged behind the broader market over the past 52 weeks. SYY has declined 5.3% over this time frame, while the broader S&P 500 Index ($SPX) has soared 13.4%. Moreover, on a year-to-date (YTD) basis, the stock is down 4.6%, compared to SPX’s 14.3% rise.
