Aramark (NYSE:ARMK) Shares Bought by Capital International Investors

Capital International Investors increased its position in Aramark (NYSE:ARMK) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,614,308 shares of the company’s stock after buying an additional 91,866 shares during the period. Capital International Investors owned about 0.09% of Aramark worth $663,545,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ARMK. Norges Bank acquired a new position in shares of Aramark in the fourth quarter valued at approximately $68,309,000. JPMorgan Chase & Co. raised its position in shares of Aramark by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 3,969,594 shares of the company’s stock valued at $137,745,000 after buying an additional 1,492,542 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Aramark by 27.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,983,507 shares of the company’s stock valued at $140,037,000 after buying an additional 1,081,358 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Aramark by 182.0% in the fourth quarter. Russell Investments Group Ltd. now owns 1,443,849 shares of the company’s stock valued at $40,435,000 after buying an additional 931,904 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Aramark by 2,316.5% in the fourth quarter. National Bank of Canada FI now owns 774,152 shares of the company’s stock valued at $21,630,000 after buying an additional 742,116 shares during the last quarter.

Analyst Ratings Changes

ARMK has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Aramark from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $33.00 target price on shares of Aramark in a report on Wednesday, February 7th. Robert W. Baird boosted their price objective on shares of Aramark from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, Truist Financial boosted their price objective on shares of Aramark from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Aramark has a consensus rating of “Moderate Buy” and a consensus price target of $33.32.

Aramark Stock Down 0.6 %

ARMK traded down $0.19 during trading on Wednesday, hitting $31.81. The company had a trading volume of 1,136,597 shares, compared to its average volume of 2,476,406. The company has a market cap of $8.37 billion, a PE ratio of 13.44, a P/E/G ratio of 1.28 and a beta of 1.56. The business has a 50-day moving average of $32.08 and a 200-day moving average of $30.25. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.25 and a quick ratio of 1.11. Aramark has a 1-year low of $23.95 and a 1-year high of $34.00.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Aramark had a net margin of 3.43% and a return on equity of 13.82%. As a group, analysts forecast that Aramark will post 1.58 earnings per share for the current year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a dividend of $0.095 per share. The ex-dividend date was Friday, May 10th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.19%. Aramark’s dividend payout ratio (DPR) is 15.97%.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.