Geode Capital Management LLC Has $172.46 Million Stock Holdings in Aramark $ARMK

Geode Capital Management LLC increased its stake in shares of Aramark (NYSE:ARMK) by 1.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,677,911 shares of the company’s stock after buying an additional 56,404 shares during the quarter. Geode Capital Management LLC’s holdings in Aramark were worth $172,464,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in Aramark by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after purchasing an additional 573 shares in the last quarter. Profund Advisors LLC increased its position in Aramark by 11.1% during the 3rd quarter. Profund Advisors LLC now owns 5,861 shares of the company’s stock worth $225,000 after purchasing an additional 585 shares in the last quarter. Danske Bank A S increased its position in Aramark by 37.5% during the 4th quarter. Danske Bank A S now owns 2,200 shares of the company’s stock worth $81,000 after purchasing an additional 600 shares in the last quarter. Activest Wealth Management acquired a new position in Aramark during the 4th quarter worth approximately $27,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Aramark during the 3rd quarter worth approximately $28,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ARMK shares. Citigroup reiterated a “buy” rating on shares of Aramark in a research report on Monday, May 18th. Stifel Nicolaus boosted their target price on shares of Aramark from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. boosted their target price on shares of Aramark from $49.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $54.00 target price on shares of Aramark in a report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Aramark Trading Down 1.2%

ARMK opened at $53.51 on Thursday. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $54.57. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 1.12 and a beta of 1.12. The company’s 50 day moving average price is $46.62 and its two-hundred day moving average price is $41.52.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period in the previous year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, research analysts predict that Aramark will post 2.24 earnings per share for the current year.

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a $0.12 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 annualized dividend and a yield of 0.9%. Aramark’s payout ratio is presently 35.82%.

About Aramark

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.