Aramark (NYSE:ARMK) Holdings Decreased by Souders Financial Advisors

Souders Financial Advisors lowered its position in Aramark (NYSE:ARMK - Free Report) by 50.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,829 shares of the company's stock after selling 35,989 shares during the quarter. Souders Financial Advisors' holdings in Aramark were worth $1,237,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

ARMK has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on Aramark from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, June 30th. UBS Group lifted their price target on shares of Aramark from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Royal Bank Of Canada reissued an "outperform" rating and set a $47.00 target price on shares of Aramark in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Aramark from a "hold" rating to a "buy" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.91.

Aramark Stock Up 0.0%

Shares of Aramark stock opened at $43.28 on Friday. Aramark has a 52-week low of $29.92 and a 52-week high of $44.01. The company has a 50 day moving average of $40.84 and a 200 day moving average of $37.53. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $11.34 billion, a P/E ratio of 33.29 and a beta of 1.28.

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

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.97%. Aramark's dividend payout ratio (DPR) is 32.31%.

About Aramark

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.

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