Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its position in Aramark (NYSE:ARMK) by 7.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,682 shares of the company’s stock after selling 2,745 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Aramark were worth $1,503,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Israel Discount Bank of New York bought a new stake in Aramark during the first quarter worth $103,000. FNY Managed Accounts LLC acquired a new position in shares of Aramark during the first quarter worth about $110,000. Simplex Trading LLC acquired a new position in shares of Aramark during the second quarter worth about $127,000. Pacer Advisors Inc. raised its position in shares of Aramark by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after buying an additional 143 shares during the period. Finally, CAPROCK Group Inc. acquired a new position in shares of Aramark during the first quarter worth about $202,000. 95.72% of the stock is currently owned by institutional investors.
Aramark (ARMK) opened at 38.91 on Friday. The stock’s 50 day moving average is $40.09 and its 200-day moving average is $37.79. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 28.20 and a beta of 0.48. Aramark has a 12 month low of $32.73 and a 12 month high of $41.72.
Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, equities research analysts expect that Aramark will post $1.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Wednesday, August 16th will be given a dividend of $0.103 per share. This represents a $0.41 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, August 14th. Aramark’s dividend payout ratio is currently 29.93%.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Aramark from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Friday, May 12th. BidaskClub lowered shares of Aramark from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Deutsche Bank AG raised their target price on shares of Aramark from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Morgan Stanley raised their target price on shares of Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Finally, Barclays PLC raised their target price on shares of Aramark from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $43.00.
In other Aramark news, SVP Brian P. Pressler sold 10,629 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $40.80, for a total value of $433,663.20. Following the sale, the senior vice president now directly owns 14,285 shares of the company’s stock, valued at $582,828. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen R. Reynolds sold 30,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $40.41, for a total value of $1,212,300.00. Following the completion of the sale, the executive vice president now directly owns 62,460 shares in the company, valued at $2,524,008.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,629 shares of company stock worth $5,618,413. Corporate insiders own 2.90% of the company’s stock.
Aramark Company Profile
Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.