Mutual of America Capital Management LLC Trims Stock Position in Aramark (NYSE:ARMK)

Mutual of America Capital Management LLC trimmed its holdings in Aramark (NYSE:ARMK) by 3.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 150,575 shares of the company’s stock after selling 5,798 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Aramark worth $5,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board purchased a new stake in Aramark in the fourth quarter valued at approximately $75,477,000. Norges Bank acquired a new position in Aramark during the 4th quarter worth about $68,309,000. Farallon Capital Management LLC lifted its stake in Aramark by 5.5% during the 1st quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock worth $579,602,000 after acquiring an additional 923,683 shares in the last quarter. Schroder Investment Management Group grew its position in Aramark by 51.0% in the 4th quarter. Schroder Investment Management Group now owns 2,209,513 shares of the company’s stock valued at $62,087,000 after acquiring an additional 746,618 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Aramark by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock worth $160,977,000 after purchasing an additional 720,738 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Aramark from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Bank of America boosted their price target on shares of Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Oppenheimer increased their price objective on Aramark from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Morgan Stanley boosted their target price on Aramark from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, September 9th. Finally, Robert W. Baird increased their price target on Aramark from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.36.

Aramark Stock Down 3.0 %

Shares of NYSE:ARMK opened at $37.75 on Friday. The firm has a 50 day simple moving average of $35.43 and a 200-day simple moving average of $33.44. Aramark has a twelve month low of $23.95 and a twelve month high of $38.99. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $9.93 billion, a PE ratio of 15.86, a P/E/G ratio of 2.04 and a beta of 1.62.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Aramark had a net margin of 1.93% and a return on equity of 14.09%. Aramark’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. On average, equities analysts predict that Aramark will post 1.57 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Monday, August 19th. Aramark’s dividend payout ratio (DPR) is 15.97%.

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.