Pictet Asset Management Holding SA Purchases 467,077 Shares of Sysco Corporation $SYY

Pictet Asset Management Holding SA increased its position in Sysco Corporation (NYSE:SYY) by 68.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,148,025 shares of the company’s stock after acquiring an additional 467,077 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Sysco were worth $84,599,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SYY. Jackson Grant Investment Advisers Inc. bought a new position in Sysco in the 3rd quarter worth $25,000. Harbor Capital Advisors Inc. raised its holdings in Sysco by 75.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the period. Peterson Wealth Services raised its holdings in Sysco by 875.7% in the 3rd quarter. Peterson Wealth Services now owns 361 shares of the company’s stock worth $30,000 after acquiring an additional 324 shares during the period. Marquette Asset Management LLC raised its holdings in Sysco by 367.4% in the 4th quarter. Marquette Asset Management LLC now owns 402 shares of the company’s stock worth $30,000 after acquiring an additional 316 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in Sysco in the 2nd quarter worth $31,000. Institutional investors own 83.41% of the company’s stock.

Sysco Stock Down 2.7%

NYSE SYY opened at $73.35 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. The stock’s 50 day moving average is $80.56 and its two-hundred day moving average is $78.47. The company has a market capitalization of $35.13 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.72 and a beta of 0.69. Sysco Corporation has a 1-year low of $68.00 and a 1-year high of $91.85.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The company had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Equities analysts forecast that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. Sysco’s dividend payout ratio (DPR) is presently 58.06%.

Trending Headlines about Sysco

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Management is investing behind Restaurant Depot and highlighted it as a growth priority on the call — this could lift long-term volume and margin opportunity if execution succeeds. Sysco Bets Big on Restaurant Depot After Solid Quarter
• Positive Sentiment: Volumes grew year-over-year and management cited gross-margin expansion in the quarter — evidence demand and pricing dynamics still provide revenue leverage. Sysco Q3 2026 earnings meet expectations as volumes grow
• Neutral Sentiment: Sysco set Q4 FY26 EPS guidance at $1.510 (a single-point guide), which is in line with consensus — stability in guidance removes near-term surprise risk but offers limited upside. Sysco Reports Third Quarter Fiscal Year 2026 Results
• Negative Sentiment: Q3 EPS of $0.94 missed estimates by $0.01 and revenue of $20.52B slightly missed consensus — even small misses can pressure sentiment given already muted growth expectations. Sysco earnings summary and materials
• Negative Sentiment: Higher incentive compensation and other operating cost pressures weighed on profits; several outlets flagged incentive-comp headwinds as a key margin drag. That undermines the EPS beat potential even with rising sales. Sysco Q3 Earnings Miss Estimates on Incentive Cost Headwinds
• Negative Sentiment: News and analyst commentary point to cooling dining-out demand (a key end market) — continued weakness there would directly hit Sysco’s foodservice volumes and pricing leverage. Food distributor Sysco misses quarterly sales estimates as dining-out demand cools
• Negative Sentiment: Analysts and market headlines emphasized the revenue miss and immediate stock reaction — near-term sentiment is negative until company proves cost control or demand re-accelerates. Cracks In Restaurant Demand? Sysco Misses Revenue, Stock Drops

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Sysco in a report on Wednesday, January 28th. Jefferies Financial Group boosted their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings downgraded shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. JPMorgan Chase & Co. boosted their price objective on shares of Sysco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Citigroup dropped their price objective on shares of Sysco from $88.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and an average price target of $87.57.

Insiders Place Their Bets

In other Sysco news, Director Sheila Talton sold 2,801 shares of Sysco stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the sale, the director directly owned 12,868 shares of the company’s stock, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company’s stock.

About Sysco

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.