2,475,451 Shares in Aramark $ARMK Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 2.48 million Aramark shares worth approximately $140.9 million, giving it a 0.94% stake. Several other institutional investors also increased their positions.
• Aramark exceeded quarterly expectations, reporting $0.52 EPS versus the $0.48 consensus and $5.06 billion in revenue, up 9.3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $2.18–$2.28.
• The company declared a quarterly dividend of $0.12 per share, equivalent to a 0.8% annualized yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $69.14.

Bank of New York Mellon Corp acquired a new position in Aramark (NYSE:ARMK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,475,451 shares of the company's stock, valued at approximately $140,853,000. Bank of New York Mellon Corp owned 0.94% of Aramark as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in Aramark by 38.2% in the first quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company's stock worth $16,903,000 after acquiring an additional 135,224 shares in the last quarter. Creative Planning boosted its stake in Aramark by 36.0% in the 2nd quarter. Creative Planning now owns 9,918 shares of the company's stock worth $415,000 after purchasing an additional 2,625 shares in the last quarter. Cetera Investment Advisers grew its position in Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company's stock valued at $347,000 after purchasing an additional 573 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Aramark during the 2nd quarter valued at about $640,000. Finally, Cerity Partners LLC increased its stake in Aramark by 61.5% during the 2nd quarter. Cerity Partners LLC now owns 16,097 shares of the company's stock valued at $674,000 after purchasing an additional 6,127 shares in the last quarter.

Aramark Stock Down 0.1%

Aramark stock opened at $59.71 on Monday. Aramark has a one year low of $35.07 and a one year high of $62.65. The stock has a fifty day moving average of $56.95 and a 200 day moving average of $49.00. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The stock has a market cap of $15.74 billion, a PE ratio of 41.76, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12.

Aramark (NYSE:ARMK - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $5.06 billion for the quarter, compared to analysts' expectations of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, sell-side analysts predict that Aramark will post 2.27 EPS for the current year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Aramark's dividend payout ratio is currently 33.57%.

Analyst Upgrades and Downgrades

ARMK has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Aramark from $55.00 to $70.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. New Street Research set a $70.00 price target on shares of Aramark in a research report on Thursday, August 13th. Bank of America boosted their price objective on shares of Aramark from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, June 2nd. Citigroup upped their price objective on Aramark from $70.50 to $74.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, Oppenheimer lifted their target price on Aramark from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $69.14.

Aramark 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.

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