Aramark (NYSE:ARMK) Stock Holdings Decreased by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its stake in Aramark (NYSE:ARMKGet Rating) by 29.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 250,650 shares of the company’s stock after selling 103,446 shares during the period. Mackenzie Financial Corp owned 0.10% of Aramark worth $7,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in shares of Aramark by 35.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock valued at $64,000 after buying an additional 447 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Aramark during the 1st quarter valued at about $141,000. MetLife Investment Management LLC bought a new stake in shares of Aramark during the 1st quarter valued at about $174,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Aramark during the 1st quarter valued at about $200,000. Finally, Prudential PLC bought a new position in Aramark in the 1st quarter worth about $203,000.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com assumed coverage on shares of Aramark in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Aramark from $40.00 to $43.00 in a research report on Wednesday. Jefferies Financial Group restated a “hold” rating and issued a $36.00 target price on shares of Aramark in a research report on Tuesday, October 25th. TheStreet upgraded shares of Aramark from a “c” rating to a “b-” rating in a research report on Tuesday, November 15th. Finally, Royal Bank of Canada upped their target price on shares of Aramark from $38.00 to $45.00 in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.00.

Aramark Trading Up 0.9 %

Shares of NYSE:ARMK opened at $40.64 on Friday. The company has a 50 day moving average of $35.58 and a 200-day moving average of $34.24. The firm has a market cap of $10.47 billion, a P/E ratio of 53.47, a P/E/G ratio of 0.77 and a beta of 1.66. Aramark has a twelve month low of $28.74 and a twelve month high of $41.20. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 2.77.

Aramark (NYSE:ARMKGet Rating) last released its earnings results on Tuesday, November 15th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Aramark had a net margin of 1.19% and a return on equity of 10.70%. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the business earned $0.21 earnings per share. The business’s quarterly revenue was up 23.6% on a year-over-year basis. As a group, analysts anticipate that Aramark will post 1.9 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Tuesday, November 22nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.08%. The ex-dividend date is Monday, November 21st. Aramark’s dividend payout ratio is presently 57.90%.

Aramark Profile

(Get Rating)

Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services United States (FSS United States), Food and Support Services International (FSS International), and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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