Topic: How To Invest

Q: May I have your recommendation for Sysco Corp. on New York? Thanks.

Article Excerpt

A: Sysco Corp., $80.59, symbol SYY on New York (Shares outstanding: 497.8 million; Market cap: $40.1 billion; www.sysco.com), is a global leader in food distribution. It operates 334 distribution facilities worldwide, serving approximately 725,000 customer locations. Those include restaurants, hospitals and skilled nursing facilities, schools and colleges, hotels and motels, industrial caterers and other similar venues where foodservice products are served. Sales to restaurants comprise about 62% of total revenues. Products that Sysco distributes include frozen foods, such as meats, seafood, fully prepared entrées, fruits, vegetables and desserts; canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce. The company also supplies a wide variety of non-food items, including disposable napkins, plates and cups; tableware such as glassware and silverware; cookware such as pots, pans and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. On December 4, 2023, Sysco announced that it completed the acquisition of Edward Don & Company, a leading distributor of foodservice…