Aramark Holdings Corp. (NYSE:armk) declared a quarterly dividend on Tuesday, November 15th. Shareholders of record on Monday, November 28th will be given a dividend of 0.103 per share on Thursday, December 8th. This represents a $0.41 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, November 23rd. This is a positive change from Aramark Holdings Corp.’s previous quarterly dividend of $0.10.

Aramark Holdings Corp. (NYSE:ARMK) opened at 33.15 on Wednesday. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 31.57 and a beta of 0.58. Aramark Holdings Corp. has a 52-week low of $29.18 and a 52-week high of $38.30. The firm has a 50-day moving average of $37.09 and a 200 day moving average of $35.56.

Aramark Holdings Corp. (NYSE:ARMK) last released its quarterly earnings results on Tuesday, November 15th. The company reported $0.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.49. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.67 billion. Aramark Holdings Corp. had a net margin of 1.81% and a return on equity of 18.92%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. On average, equities research analysts forecast that Aramark Holdings Corp. will post $1.70 earnings per share for the current year.

Dividend History for Aramark Holdings Corp. (NYSE:armk)

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Aramark Holdings Corp. from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Tuesday, October 4th. RBC Capital Markets reissued a “top pick” rating and set a $42.00 price target (up from $40.00) on shares of Aramark Holdings Corp. in a research note on Saturday, August 13th. Macquarie began coverage on shares of Aramark Holdings Corp. in a research note on Thursday, August 25th. They set an “outperform” rating and a $44.00 price target on the stock. Morgan Stanley set a $41.00 price target on shares of Aramark Holdings Corp. and gave the company a “hold” rating in a research note on Thursday, August 11th. Finally, Bank of America Corp. increased their price target on shares of Aramark Holdings Corp. from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $41.00.

A number of large investors have recently bought and sold shares of the company. Prudential Financial Inc. raised its stake in Aramark Holdings Corp. by 6.0% in the second quarter. Prudential Financial Inc. now owns 14,190 shares of the company’s stock valued at $474,000 after buying an additional 800 shares during the period. BlackRock Investment Management LLC raised its stake in Aramark Holdings Corp. by 33.8% in the second quarter. BlackRock Investment Management LLC now owns 143,999 shares of the company’s stock valued at $4,812,000 after buying an additional 36,391 shares during the period. BlackRock Inc. raised its stake in Aramark Holdings Corp. by 34.8% in the second quarter. BlackRock Inc. now owns 244,028 shares of the company’s stock valued at $8,156,000 after buying an additional 62,937 shares during the period. BlackRock Fund Advisors raised its stake in Aramark Holdings Corp. by 27.2% in the second quarter. BlackRock Fund Advisors now owns 2,311,004 shares of the company’s stock valued at $77,234,000 after buying an additional 493,654 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Aramark Holdings Corp. by 10.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,981,727 shares of the company’s stock valued at $199,909,000 after buying an additional 566,256 shares during the period. Institutional investors own 94.38% of the company’s stock.

About Aramark Holdings Corp.

Aramark provides food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International) and Uniform and Career Apparel (Uniform).

5 Day Chart for NYSE:ARMK

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