Hsbc Holdings PLC Buys New Position in Aramark $ARMK

Hsbc Holdings PLC purchased a new position in shares of Aramark (NYSE:ARMK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 186,080 shares of the company’s stock, valued at approximately $10,575,000. Hsbc Holdings PLC owned 0.07% of Aramark as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Aramark by 38.2% during the first quarter. Goldman Sachs Group Inc. now owns 489,646 shares of the company’s stock worth $16,903,000 after acquiring an additional 135,224 shares during the last quarter. Creative Planning raised its position in Aramark by 36.0% in the 2nd quarter. Creative Planning now owns 9,918 shares of the company’s stock valued at $415,000 after purchasing an additional 2,625 shares during the last quarter. Cetera Investment Advisers raised its position in Aramark by 7.4% in the 2nd quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock valued at $347,000 after purchasing an additional 573 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Aramark during the 2nd quarter worth $640,000. Finally, Cerity Partners LLC grew its position in Aramark by 61.5% during the 2nd quarter. Cerity Partners LLC now owns 16,097 shares of the company’s stock worth $674,000 after purchasing an additional 6,127 shares during the last quarter.

Aramark Stock Down 1.4%

Shares of Aramark stock opened at $58.06 on Friday. Aramark has a one year low of $35.07 and a one year high of $62.65. The company has a market cap of $15.31 billion, a P/E ratio of 40.60, a PEG ratio of 1.03 and a beta of 1.12. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The firm has a fifty day moving average of $57.48 and a two-hundred day moving average of $49.65.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, analysts forecast that Aramark will post 2.27 earnings per share for the current year.

Aramark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Aramark’s payout ratio is currently 33.57%.

Wall Street Analyst Weigh In

ARMK has been the topic of a number of recent research reports. Truist Financial lifted their price objective on shares of Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Morgan Stanley set a $63.00 price target on Aramark in a report on Tuesday, August 11th. Robert W. Baird boosted their price target on Aramark from $63.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Jefferies Financial Group increased their price objective on Aramark from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Citigroup lifted their target price on Aramark from $70.50 to $74.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.14.

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.