Mutual of America Capital Management LLC Has $4.53 Million Holdings in Aramark (NYSE:ARMK)

Mutual of America Capital Management LLC lessened its stake in Aramark (NYSE:ARMK) by 4.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 161,201 shares of the company’s stock after selling 8,380 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Aramark were worth $4,530,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Toroso Investments LLC lifted its holdings in Aramark by 5.3% during the 3rd quarter. Toroso Investments LLC now owns 7,858 shares of the company’s stock valued at $245,000 after purchasing an additional 399 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Aramark by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 106,146 shares of the company’s stock valued at $3,683,000 after purchasing an additional 420 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Aramark by 5.2% during the 3rd quarter. CIBC Asset Management Inc now owns 9,099 shares of the company’s stock valued at $316,000 after purchasing an additional 447 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in 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 purchasing an additional 447 shares during the last quarter. Finally, CWM LLC lifted its holdings in Aramark by 67.0% during the 3rd quarter. CWM LLC now owns 1,196 shares of the company’s stock valued at $42,000 after purchasing an additional 480 shares during the last quarter.

Aramark Stock Down 0.4 %

Shares of NYSE ARMK opened at $31.47 on Tuesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.12 and a current ratio of 1.27. Aramark has a 52 week low of $23.95 and a 52 week high of $33.04. The stock has a market capitalization of $8.26 billion, a P/E ratio of 13.17, a PEG ratio of 1.27 and a beta of 1.48. The stock’s fifty day moving average is $31.26 and its 200 day moving average is $28.92.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Aramark had a return on equity of 13.45% and a net margin of 3.37%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Sell-side analysts forecast that Aramark will post 1.56 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Tuesday, February 13th. Aramark’s dividend payout ratio is presently 15.90%.

Analyst Ratings Changes

ARMK has been the subject of several research reports. Truist Financial raised their price target on Aramark from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Morgan Stanley increased their price objective on Aramark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $33.00 price objective on shares of Aramark in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group assumed coverage on Aramark in a research report on Wednesday, January 17th. They set a “buy” rating and a $33.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.04.

Aramark 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.