Hsbc Holdings PLC Sells 328,681 Shares of Aramark $ARMK

Hsbc Holdings PLC reduced its stake in Aramark (NYSE:ARMK) by 58.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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.

A number of other large investors have also recently added to or reduced their stakes in ARMK. Corient Private Wealth LLC raised its stake in shares of Aramark by 16.0% in the 4th quarter. Corient Private Wealth LLC now owns 10,281 shares of the company’s stock valued at $379,000 after purchasing an additional 1,418 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Aramark by 413.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,807 shares of the company’s stock worth $140,000 after buying an additional 3,065 shares during the period. Compound Planning Inc. acquired a new position in shares of Aramark during the fourth quarter worth about $372,000. Invesco Ltd. grew its holdings in shares of Aramark by 12.6% during the fourth quarter. Invesco Ltd. now owns 2,114,597 shares of the company’s stock worth $77,944,000 after buying an additional 236,226 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in Aramark by 155.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 90,641 shares of the company’s stock valued at $3,341,000 after buying an additional 55,144 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Aramark in a research note on Friday, March 27th. Robert W. Baird lifted their price objective on shares of Aramark from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Stifel Nicolaus increased 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $65.00 target price on shares of Aramark in a research report on Monday, June 29th. Finally, Truist Financial lifted their price target on shares of Aramark from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.29.

Aramark Stock Up 0.6%

ARMK stock opened at $56.53 on Thursday. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 42.19, a P/E/G ratio of 1.07 and a beta of 1.11. Aramark has a twelve month low of $35.07 and a twelve month high of $57.13. The business has a 50 day moving average price of $52.37 and a two-hundred day moving average price of $44.56. The company has a quick ratio of 1.07, a current ratio of 1.21 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, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Analysts anticipate that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Aramark’s dividend payout ratio is 35.82%.

Aramark Company Profile

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.