Aramark (NYSE:ARMK) is expected to pay $0.10 on Dec 8, 2016. The indicated annual dividend is $0.41. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on Aramark’s current price of $34.47, the dividend is 0.30%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 15, 2016. The stock increased 1.14% or $0.39 during the last trading session, hitting $34.47. Aramark (NYSE:ARMK) has risen 0.52% since April 20, 2016 and is uptrending. It has underperformed by 4.03% the S&P500.
Aramark provides food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The company has a market cap of $8.40 billion. The Firm operates through three divisions: Food and Support Services North America , Food and Support Services International (FSS International) and Uniform and Career Apparel (Uniform). It has a 29.79 P/E ratio. The Company’s FSS North America segment and FSS International segment provides food, refreshment, specialized dietary and supports services, including facility maintenance and housekeeping, provided to business, educational and healthcare institutions and in sports, leisure and other facilities serving the public in the United States and Canada.
Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.57, from 1.61 in 2016Q1. The ratio is negative, as 28 funds sold all Aramark shares owned while 73 reduced positions. 33 funds bought stakes while 130 increased positions. They now own 224.71 million shares or 1.05% less from 227.09 million shares in 2016Q1.
Endurance Wealth accumulated 58,235 shares or 0.37% of the stock. Mondrian Investment Prtn Limited accumulated 808,050 shares or 0.64% of the stock. Great West Life Assurance Can last reported 0.01% of its portfolio in the stock. Renaissance Limited Liability reported 465,200 shares or 0.03% of all its holdings. Ameriprise Finance Inc has 0.11% invested in the company for 5.55M shares. Moreover, Creative Planning has 0% invested in Aramark (NYSE:ARMK) for 460 shares. Fuller & Thaler Asset owns 1,800 shares or 0% of their US portfolio. Paloma Partners Mgmt holds 28,945 shares or 0.01% of its portfolio. M&T Bank & Trust holds 0% of its portfolio in Aramark (NYSE:ARMK) for 15,210 shares. Fmr Ltd Limited Liability Company accumulated 19.12 million shares or 0.09% of the stock. Moreover, Commercial Bank Of New York Mellon Corporation has 0.01% invested in Aramark (NYSE:ARMK) for 1.12 million shares. Janus Cap Management Ltd Limited Liability Company has invested 0.14% of its portfolio in Aramark (NYSE:ARMK). Neuberger Berman Gru Lc has invested 0.02% of its portfolio in Aramark (NYSE:ARMK). Finemark State Bank And Trust accumulated 7,796 shares or 0.03% of the stock. Sei owns 161,235 shares or 0.03% of their US portfolio.
Insider Transactions: Since May 27, 2016, the stock had 2 insider buys, and 2 selling transactions for $1.93 million net activity. $251,510 worth of Aramark (NYSE:ARMK) was bought by SADOVE STEPHEN I. On Monday, November 21 the insider FOSS ERIC J bought $3.02M. 93,750 shares with value of $3.11 million were sold by Reynolds Stephen R on Friday, May 27.
Aramark (NYSE:ARMK) Ratings Coverage
Out of 9 analysts covering Aramark Holdings Corporation (NYSE:ARMK), 9 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $44 is the highest target while $36 is the lowest. The $41.13 average target is 19.32% above today’s ($34.47) stock price. Aramark Holdings Corporation has been the topic of 14 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Macquarie Research initiated Aramark (NYSE:ARMK) on Friday, August 26 with “Outperform” rating. The rating was maintained by RBC Capital Markets on Friday, November 6 with “Top Pick”. Bank of America maintained Aramark (NYSE:ARMK) rating on Thursday, August 11. Bank of America has “Buy” rating and $43 price target. As per Friday, August 14, the company rating was initiated by Credit Suisse. The stock of Aramark (NYSE:ARMK) earned “Overweight” rating by JP Morgan on Thursday, August 11. The firm has “Buy” rating given on Tuesday, March 22 by Sterne Agee CRT. The company was maintained on Thursday, August 11 by Barclays Capital. The firm has “Top Pick” rating given on Thursday, August 11 by RBC Capital Markets. The rating was maintained by Nomura with “Buy” on Thursday, August 11. Robert W. Baird upgraded the stock to “Outperform” rating in Thursday, August 13 report.
More notable recent Aramark (NYSE:ARMK) news were published by: Moodys.com which released: “Moody’s upgrades Aramark CFR to Ba2, sr. sec. to Ba1, sr. uns. to B1” on November 17, 2016, also Fool.com with their article: “Why Aramark Stock Plunged Today” published on November 15, 2016, Gurufocus.com published: “Aramark (ARMK) Chairman, President and CEO Eric J Foss Bought $’ million of Shares” on November 22, 2016. More interesting news about Aramark (NYSE:ARMK) were released by: Prnewswire.com and their article: “The American Heart Association and Aramark Announce Significant Progress …” published on November 17, 2016 as well as Philly.com‘s news article titled: “Joseph Neubauer: Aramark’s service-industry legend” with publication date: November 11, 2016.
ARMK Company Profile
Aramark, formerly ARAMARK Holdings Corporation, incorporated on May 12, 2006, is a global well-known provider of food, facilities and uniform services to education, healthcare, business and industry and sports, leisure and corrections clients. The Companyâ€™s core market is North America. It serves students, patients, employees, sports fans and guests worldwide. It serves over 500 million meals annually to approximately five million students at colleges, universities, and K-12 schools, services over 2,000 healthcare facilities, caters to approximately 100 million sports fans, and operates in 22 countries in North America, Europe, Asia and South America, as of September 28, 2012. It operates in three reportable divisions: food and Support Services North America, or FSS North America, Food and Support Services International, or FSS International, and Uniform and Career Apparel, or Uniform. The Company’s business is generally focused around key client types, such as education, healthcare, business and industry, sports and leisure and corrections.
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