Milford Funds Ltd. Buys Shares of 4,916,002 Aramark $ARMK

Milford Funds Ltd. bought a new stake in Aramark (NYSE:ARMK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,916,002 shares of the company’s stock, valued at approximately $181,204,000. Aramark accounts for 3.6% of Milford Funds Ltd.’s investment portfolio, making the stock its 6th biggest position. Milford Funds Ltd. owned 1.87% 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. JPMorgan Chase & Co. raised its position in Aramark by 102.3% in the third quarter. JPMorgan Chase & Co. now owns 1,320,269 shares of the company’s stock valued at $50,700,000 after purchasing an additional 667,528 shares during the period. Artisan Partners Limited Partnership raised its position in Aramark by 166.3% in the third quarter. Artisan Partners Limited Partnership now owns 1,131,501 shares of the company’s stock valued at $43,450,000 after purchasing an additional 706,677 shares during the period. Junto Capital Management LP purchased a new stake in Aramark in the third quarter valued at $132,157,000. Fisher Asset Management LLC raised its position in Aramark by 73.5% in the third quarter. Fisher Asset Management LLC now owns 1,468,699 shares of the company’s stock valued at $56,398,000 after purchasing an additional 622,430 shares during the period. Finally, Capital International Investors raised its position in Aramark by 2.4% in the third quarter. Capital International Investors now owns 24,646,909 shares of the company’s stock valued at $946,455,000 after purchasing an additional 580,215 shares during the period.

Aramark Price Performance

ARMK stock opened at $54.28 on Friday. The business’s fifty day moving average price is $48.44 and its 200 day moving average price is $42.30. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. Aramark has a 12-month low of $35.07 and a 12-month high of $54.93. The company has a market capitalization of $14.27 billion, a PE ratio of 40.51, a P/E/G ratio of 1.12 and a beta of 1.12.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share 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 for the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the prior year, the business earned $0.35 EPS. Aramark’s revenue was up 14.7% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, sell-side analysts anticipate that Aramark will post 2.24 EPS for the current year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 annualized dividend and a yield of 0.9%. Aramark’s dividend payout ratio is 35.82%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Robert W. Baird boosted their price objective on Aramark from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Truist Financial boosted their price objective on Aramark from $50.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. UBS Group boosted their price objective on Aramark from $48.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Stifel Nicolaus boosted their price objective on Aramark from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada boosted their price objective on Aramark from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $55.33.

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.