Hsbc Holdings PLC Raises Holdings in Aramark $ARMK

Hsbc Holdings PLC raised its position in Aramark (NYSE:ARMK) by 6.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 251,468 shares of the company’s stock after purchasing an additional 15,889 shares during the period. Hsbc Holdings PLC owned 0.10% of Aramark worth $10,196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Activest Wealth Management acquired a new stake in shares of Aramark in the fourth quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aramark during the 3rd quarter valued at about $28,000. Kestra Advisory Services LLC purchased a new stake in Aramark during the 4th quarter valued at about $32,000. Quarry LP acquired a new stake in Aramark in the 3rd quarter valued at about $35,000. Finally, Osterweis Capital Management Inc. purchased a new position in Aramark in the 2nd quarter worth approximately $40,000.

Aramark Stock Up 1.1%

ARMK stock opened at $56.72 on Thursday. Aramark has a one year low of $35.07 and a one year high of $58.68. The firm has a market cap of $14.92 billion, a PE ratio of 42.33, a PEG ratio of 1.07 and a beta of 1.11. The firm’s 50 day moving average price is $54.58 and its 200-day moving average price is $45.95. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.75 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, equities research analysts anticipate that Aramark will post 2.24 EPS for the current year.

Aramark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, May 20th. Aramark’s payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ARMK. The Goldman Sachs Group restated a “buy” rating and set a $51.00 target price on shares of Aramark in a report on Wednesday, May 13th. Citigroup lifted their price objective on Aramark from $63.00 to $70.50 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Robert W. Baird boosted their price objective on Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Morgan Stanley upped their target price on Aramark from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Truist Financial lifted their price target on Aramark from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.21.

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.