Hsbc Holdings PLC Has $8.69 Million Stock Holdings in Aramark $ARMK

Hsbc Holdings PLC trimmed its holdings in Aramark (NYSE:ARMK) by 58.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 235,579 shares of the company’s stock after selling 328,681 shares during the quarter. Hsbc Holdings PLC’s holdings in Aramark were worth $8,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARMK. Activest Wealth Management bought a new position in Aramark in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in Aramark during the 3rd quarter worth approximately $28,000. Kestra Advisory Services LLC bought a new stake in Aramark during the 4th quarter worth approximately $32,000. Quarry LP purchased a new stake in shares of Aramark in the third quarter worth approximately $35,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Aramark in the second quarter valued at approximately $40,000.

Aramark Stock Performance

Shares of ARMK opened at $56.09 on Friday. The stock has a 50 day moving average of $50.64 and a 200 day moving average of $43.46. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 1.13 and a beta of 1.12. Aramark has a 12 month low of $35.07 and a 12 month high of $56.23. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, sell-side analysts forecast that Aramark will post 2.24 earnings per share for the current year.

Aramark Announces Dividend

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

Wall Street Analyst Weigh In

ARMK has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $51.00 target price on shares of Aramark in a research report on Wednesday, May 13th. Citigroup raised their price objective on Aramark from $63.00 to $70.50 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird lifted their price objective on shares of Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Oppenheimer upped their target price on shares of Aramark from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Finally, Morgan Stanley increased their target price on shares of Aramark from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.96.

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.