Sysco Corporation $SYY Position Increased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA significantly increased its stake in Sysco Corporation by 68.6% in the fourth quarter, now owning 1,148,025 shares valued at approximately $84.6 million. This increase comes despite Sysco’s recent Q3 earnings report missing estimates slightly for both EPS and revenue, with management setting Q4 FY26 EPS guidance at $1.510 amid margin pressures and cooling dining-out demand. Analysts maintain a “Moderate Buy” consensus rating for Sysco with an average target price of $87.57, and the company recently raised its quarterly dividend to $0.55 per share.

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