Wellington Management Group LLP Raises Position in Aramark $ARMK

Wellington Management Group LLP increased its holdings in Aramark (NYSE:ARMK) by 250.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 542,447 shares of the company’s stock after purchasing an additional 387,785 shares during the period. Wellington Management Group LLP owned 0.21% of Aramark worth $30,865,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Aramark in the 2nd quarter valued at about $1,411,586,000. Jupiter Topco LLC acquired a new position in shares of Aramark in the 2nd quarter valued at about $1,041,407,000. AQR Capital Management LLC raised its holdings in Aramark by 163.1% in the fourth quarter. AQR Capital Management LLC now owns 8,860,010 shares of the company’s stock valued at $326,580,000 after buying an additional 5,492,046 shares during the period. Milford Funds Ltd. acquired a new position in Aramark during the fourth quarter valued at approximately $181,204,000. Finally, Norges Bank purchased a new stake in Aramark during the fourth quarter worth approximately $128,738,000.

Aramark Stock Performance

Shares of ARMK opened at $56.78 on Friday. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 39.71, a PEG ratio of 1.01 and a beta of 1.12. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. The business’s 50 day moving average is $57.71 and its two-hundred day moving average is $50.23. Aramark has a 52-week low of $35.07 and a 52-week high of $62.65.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s 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. Analysts forecast that Aramark will post 2.27 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Aramark’s dividend payout ratio (DPR) is 33.57%.

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley set a $63.00 price objective on Aramark in a research report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Aramark from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. New Street Research set a $70.00 target price on shares of Aramark in a research note on Thursday, August 13th. UBS Group lifted their price target on shares of Aramark from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Truist Financial boosted their price objective on shares of Aramark from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock 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.