Aramark (NYSE:ARMK) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 69.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 463,892 shares of the company's stock after selling 1,064,065 shares during the period. Wellington Management Group LLP owned approximately 0.17% of Aramark worth $17,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARMK. Massachusetts Financial Services Co. MA raised its stake in shares of Aramark by 63.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,593,734 shares of the company's stock valued at $507,182,000 after buying an additional 5,263,817 shares during the last quarter. Norges Bank acquired a new stake in Aramark during the fourth quarter worth about $88,949,000. Franklin Resources Inc. raised its position in Aramark by 29.5% during the fourth quarter. Franklin Resources Inc. now owns 8,511,152 shares of the company's stock valued at $317,551,000 after acquiring an additional 1,940,214 shares in the last quarter. PointState Capital LP lifted its holdings in Aramark by 135.4% in the fourth quarter. PointState Capital LP now owns 2,690,617 shares of the company's stock valued at $100,387,000 after acquiring an additional 1,547,792 shares during the period. Finally, Fiduciary Management Inc. WI boosted its position in Aramark by 8.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 11,454,740 shares of the company's stock worth $427,376,000 after purchasing an additional 860,179 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group increased 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 research note on Wednesday, May 14th. Citigroup initiated coverage on Aramark in a research note on Monday, February 24th. They issued a "buy" rating and a $48.00 price target for the company. Finally, Morgan Stanley upped their price target on Aramark from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.33.

Aramark Price Performance

ARMK traded up $0.29 during trading on Tuesday, reaching $40.45. The company's stock had a trading volume of 1,254,463 shares, compared to its average volume of 2,017,760. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 31.85 and a beta of 1.20. The firm has a fifty day simple moving average of $35.44 and a two-hundred day simple moving average of $37.00. Aramark has a 1 year low of $29.92 and a 1 year high of $42.49. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61.

Aramark (NYSE:ARMK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.35 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The business's revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 EPS. As a group, analysts anticipate that Aramark will post 1.92 EPS for the current year.

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.04%. Aramark's dividend payout ratio (DPR) is presently 32.31%.

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.