Jim Cramer Talks Sysco, Highlights Nelson Peltz's Involvement In The Company

Shares of SYSCO Corporation SYY gained more than 4 percent on Monday and hit a new 52-week high of $48.19 after the company reported a top and bottom third quarter beat. CNBC's Jim Cramer commented on the run-up in Sysco's stock which has gained 17 percent since the start of 2016 and nearly 30 percent over the past year. Cramer stated that food delivery company reported a "really terrific" quarter, but the company's attractiveness extends beyond just 1 quarterly report. Nelson Peltz's Trian Partners acquired a stake of more than 7 percent in Sysco back in August, 2015. In addition, Peltz was also named to the company's Board of Directors. According to Cramer, Peltz has a proven track record of picking winners - including Sysco. Related Link: Sysco Rising After Nelson Peltz Reveals Activist Stake Cramer pointed out that investors who shadow Peltz's investments, even after the investor discloses a stake, will likely outperform the S&P 500 index. "He is just a really shrewd investor who helps management," Cramer said. "I think Nelson [Peltz] is a very opportunistic, smart investor." Through Peltz's involvement in the company, Sysco has become a "terrific" company, Cramer concluded.