39,809 Shares in Aramark (NYSE:ARMK) Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH acquired 39,809 shares of Aramark, worth approximately $1.37 million, during the first quarter.
• Analysts have a consensus rating of "Moderate Buy" for Aramark, with an average price target of $43.91, following price objective increases from UBS Group and Morgan Stanley.
• Aramark announced a quarterly dividend of $0.105 per share, with a dividend yield of 1.0%, scheduled for payment on August 20th.

Allianz Asset Management GmbH bought a new position in Aramark (NYSE:ARMK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 39,809 shares of the company's stock, valued at approximately $1,374,000.

Other large investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in shares of Aramark by 93.0% in the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company's stock valued at $29,000 after buying an additional 371 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Aramark in the fourth quarter worth $72,000. UMB Bank n.a. raised its position in Aramark by 82.6% during the first quarter. UMB Bank n.a. now owns 2,472 shares of the company's stock worth $85,000 after acquiring an additional 1,118 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Aramark by 21.1% in the first quarter. Fifth Third Bancorp now owns 2,859 shares of the company's stock valued at $99,000 after purchasing an additional 499 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Aramark by 39.2% during the 1st quarter. Blue Trust Inc. now owns 4,964 shares of the company's stock worth $171,000 after acquiring an additional 1,399 shares during the period.

Aramark Stock Performance

Shares of Aramark stock traded up $0.54 during trading on Monday, reaching $43.03. The company's stock had a trading volume of 813,732 shares, compared to its average volume of 1,957,906. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.08 and a current ratio of 1.21. The business's fifty day moving average price is $41.68 and its 200-day moving average price is $37.95. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 33.10 and a beta of 1.33. Aramark has a one year low of $29.92 and a one year high of $44.49.

Aramark (NYSE:ARMK - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Aramark had a net margin of 1.97% and a return on equity of 15.07%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the business earned $0.30 EPS. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.0%. Aramark's dividend payout ratio (DPR) is currently 32.31%.

Wall Street Analyst Weigh In

A number of research firms have commented on ARMK. Royal Bank Of Canada restated an "outperform" rating and issued a $47.00 price target on shares of Aramark in a report on Wednesday, May 14th. UBS Group upped their target price on shares of Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley lifted their target price on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, June 30th. Finally, Wall Street Zen raised Aramark from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.91.

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.