Wellington Management Group LLP Has $28.64 Million Stock Holdings in Aramark (NYSE:ARMK)

Wellington Management Group LLP decreased its holdings in shares of Aramark (NYSE:ARMK) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,019,122 shares of the company’s stock after selling 23,400 shares during the quarter. Wellington Management Group LLP owned approximately 0.39% of Aramark worth $28,637,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new position in Aramark in the fourth quarter valued at about $28,000. Scarborough Advisors LLC acquired a new position in Aramark in the fourth quarter valued at about $34,000. Solstein Capital LLC acquired a new position in Aramark in the fourth quarter valued at about $47,000. Fifth Third Bancorp raised its stake in Aramark by 82.7% in the fourth quarter. Fifth Third Bancorp now owns 1,873 shares of the company’s stock valued at $53,000 after purchasing an additional 848 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Aramark by 44.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,716 shares of the company’s stock valued at $76,000 after purchasing an additional 830 shares in the last quarter.

Aramark Price Performance

Aramark stock opened at $34.06 on Tuesday. The stock’s 50 day moving average is $32.46 and its 200 day moving average is $30.80. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.25 and a quick ratio of 1.11. The firm has a market cap of $8.96 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.35 and a beta of 1.56. Aramark has a one year low of $23.95 and a one year high of $34.25.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Aramark had a return on equity of 13.82% and a net margin of 3.43%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.25 billion. As a group, research analysts expect that Aramark will post 1.57 EPS for the current year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Friday, May 10th. Aramark’s dividend payout ratio (DPR) is presently 15.97%.

Wall Street Analysts Forecast Growth

ARMK has been the topic of a number of recent analyst reports. UBS Group lifted their target price on Aramark from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird lifted their target price on Aramark from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Oppenheimer lifted their target price on Aramark from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Truist Financial lifted their target price on Aramark from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aramark currently has a consensus rating of “Moderate Buy” and an average price target of $34.89.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.