Geode Capital Management LLC Acquires 56,404 Shares of Aramark $ARMK

Geode Capital Management LLC grew its holdings in shares of Aramark (NYSE:ARMK) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,677,911 shares of the company’s stock after purchasing an additional 56,404 shares during the period. Geode Capital Management LLC owned about 1.78% of Aramark worth $172,464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in shares of Aramark by 7.4% in the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock valued at $347,000 after buying an additional 573 shares during the period. Profund Advisors LLC increased its stake in Aramark by 11.1% during the 3rd quarter. Profund Advisors LLC now owns 5,861 shares of the company’s stock worth $225,000 after acquiring an additional 585 shares during the period. Danske Bank A S raised its holdings in Aramark by 37.5% in the 4th quarter. Danske Bank A S now owns 2,200 shares of the company’s stock valued at $81,000 after acquiring an additional 600 shares in the last quarter. Activest Wealth Management bought a new stake in shares of Aramark during the 4th quarter valued at $27,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aramark during the 3rd quarter worth $28,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ARMK shares. UBS Group raised their price target on Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $54.00 price objective on shares of Aramark in a research note on Wednesday, May 13th. Stifel Nicolaus raised their target price on shares of Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Citigroup restated a “buy” rating on shares of Aramark in a research report on Monday, May 18th. Finally, Oppenheimer boosted their target price on shares of Aramark from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Aramark Price Performance

Shares of NYSE:ARMK opened at $53.51 on Thursday. The firm has a 50 day moving average of $46.62 and a 200-day moving average of $41.52. The stock has a market capitalization of $14.07 billion, a PE ratio of 39.93, a PEG ratio of 1.12 and a beta of 1.12. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. Aramark has a 12 month low of $35.07 and a 12 month high of $54.57.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities research analysts predict that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were given a $0.12 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Aramark’s payout ratio is presently 35.82%.

Aramark Company Profile

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.