Mutual of America Capital Management LLC Sells 8,192 Shares of Aramark (NYSE:ARMK)

Mutual of America Capital Management LLC cut its stake in shares of Aramark (NYSE:ARMK) by 5.4% during the third quarter, HoldingsChannel reports. The firm owned 142,383 shares of the company’s stock after selling 8,192 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Aramark were worth $5,514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank increased its position in Aramark by 100.3% during the third quarter. Huntington National Bank now owns 681 shares of the company’s stock valued at $26,000 after acquiring an additional 341 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Aramark during the 3rd quarter valued at about $28,000. UMB Bank n.a. raised its position in Aramark by 360.1% in the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company’s stock worth $30,000 after purchasing an additional 605 shares during the period. Friedenthal Financial bought a new stake in Aramark in the third quarter worth about $52,000. Finally, GAMMA Investing LLC boosted its position in shares of Aramark by 319.3% during the second quarter. GAMMA Investing LLC now owns 1,677 shares of the company’s stock valued at $57,000 after buying an additional 1,277 shares during the period.

Aramark Trading Up 1.2 %

Shares of NYSE ARMK opened at $37.70 on Wednesday. Aramark has a 1-year low of $26.58 and a 1-year high of $42.04. The business has a fifty day moving average price of $38.27 and a 200 day moving average price of $35.33. The stock has a market capitalization of $9.93 billion, a P/E ratio of 38.08 and a beta of 1.62. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.72.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Monday, November 11th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.46 billion. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. Equities research analysts expect that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.001 per share. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.01%. The ex-dividend date of this dividend is Monday, December 2nd. Aramark’s payout ratio is presently 38.38%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ARMK. The Goldman Sachs Group raised their price target on Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on shares of Aramark from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Bank of America upped their target price 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. Finally, Robert W. Baird lifted their price target on shares of Aramark from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aramark currently has an average rating of “Moderate Buy” and an average price target of $42.23.

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.