Sysco Corporation $SYY Stock Sold by Pictet Asset Management Holding SA

Posted by Francis Steltz on Nov 10th, 2026

Pictet Asset Management Holding SA lessened its stake in Sysco Corporation (NYSE:SYY – Free Report) by 33.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 825,482 shares of the company’s stock after selling 420,141 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Sysco were worth $64,355,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital Investment Advisors LLC boosted its holdings in Sysco by 1.4% during the third quarter. Capital Investment Advisors LLC now owns 9,727 shares of the company’s stock worth $758,000 after buying an additional 133 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in Sysco by 1.3% during the third quarter. Kingswood Wealth Advisors LLC now owns 11,356 shares of the company’s stock worth $885,000 after buying an additional 144 shares during the period. Parkside Financial Bank & Trust grew its position in Sysco by 7.0% during the second quarter. Parkside Financial Bank & Trust now owns 2,241 shares of the company’s stock worth $187,000 after buying an additional 147 shares during the period. Pinnacle Associates Ltd. grew its position in Sysco by 2.1% during the third quarter. Pinnacle Associates Ltd. now owns 7,399 shares of the company’s stock worth $577,000 after buying an additional 150 shares during the period. Finally, Taylor Frigon Capital Management LLC increased its holdings in Sysco by 0.7% in the third quarter. Taylor Frigon Capital Management LLC now owns 20,679 shares of the company’s stock valued at $1,612,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Performance

NYSE:SYY opened at $78.38 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 0.77 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $38.56 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66. The firm has a 50-day moving average price of $79.82 and a two-hundred day moving average price of $80.50. Sysco Corporation has a twelve month low of $68.19 and a twelve month high of $91.85.

Sysco (NYSE:SYY – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.19. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $22.02 billion. Sysco had a net margin of 2.12% and a return on equity of 79.24%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 earnings per share. As a group, research analysts expect that Sysco Corporation will post 5.06 earnings per share for the current fiscal year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 2nd were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, October 2nd. Sysco’s payout ratio is currently 58.51%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sysco from $86.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. UBS Group upped their price target on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen downgraded Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. DA Davidson raised their price objective on Sysco from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Citigroup reduced their price objective on Sysco from $87.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, November 5th. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Check Out Our Latest Stock Analysis on Sysco

Insider Activity at Sysco

In other Sysco news, EVP Ronald L. Phillips sold 7,350 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $83.61, for a total transaction of $614,533.50. Following the sale, the executive vice president owned 38,650 shares in the company, valued at approximately $3,231,526.50. This represents a 15.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Thomas Gerard Ondrof purchased 2,500 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were bought at an average cost of $76.62 per share, with a total value of $191,550.00. Following the transaction, the director directly owned 2,500 shares of the company’s stock, valued at $191,550. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 8,873 shares of company stock valued at $741,569 over the last 90 days. Insiders own 0.55% of the company’s stock.

Sysco Profile

(Free Report)

Sysco Corporation is a food distribution company headquartered in Houston, Texas. Founded in 1969, it supplies food and related products to customers in the foodservice and hospitality industries.

The company distributes fresh and frozen foods, meat, seafood, produce, dairy products, and pantry staples, as well as kitchen equipment, cleaning supplies, and other nonfood items. Its customers include restaurants, health care and educational facilities, lodging businesses, and other organizations that prepare and serve meals.

Sysco serves customers across the United States and in international markets, including Canada and parts of Europe.