Prudential Financial Inc. Has $7.19 Million Stock Holdings in Aramark $ARMK

Prudential Financial Inc. raised its position in Aramark (NYSE:ARMK) by 7.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 171,764 shares of the company’s stock after acquiring an additional 11,620 shares during the period. Prudential Financial Inc. owned about 0.07% of Aramark worth $7,192,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Fiduciary Management Inc. WI lifted its position in shares of Aramark by 13.8% in the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock worth $450,059,000 after purchasing an additional 1,582,890 shares in the last quarter. Junto Capital Management LP bought a new stake in Aramark during the 1st quarter worth about $46,499,000. Nuveen LLC acquired a new position in shares of Aramark during the 1st quarter worth about $37,476,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Aramark by 6.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,673,028 shares of the company’s stock valued at $781,840,000 after acquiring an additional 1,067,132 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Aramark by 16.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,762,907 shares of the company’s stock valued at $198,922,000 after acquiring an additional 809,792 shares during the last quarter.

Aramark Stock Performance

Shares of ARMK stock opened at $37.17 on Friday. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 27.53 and a beta of 1.24. The company has a 50-day simple moving average of $38.36 and a 200 day simple moving average of $39.75. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Monday, November 17th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.08). Aramark had a return on equity of 15.67% and a net margin of 2.02%.The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the business earned $0.54 earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. On average, sell-side analysts predict that Aramark will post 1.92 earnings per share for the current year.

Aramark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, December 5th will be paid a $0.12 dividend. This is a boost from Aramark’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, December 5th. This represents a $0.48 annualized dividend and a yield of 1.3%. Aramark’s dividend payout ratio is presently 39.34%.

Analyst Ratings Changes

ARMK has been the subject of several recent research reports. Robert W. Baird reduced their price target on Aramark from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Baird R W upgraded Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Morgan Stanley cut their price objective on Aramark from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, November 18th. UBS Group lowered their target price on shares of Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Finally, Wall Street Zen lowered shares of Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.67.

Aramark Company Profile

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.