Shelton Capital Management Has $3.20 Million Position in Aramark (NYSE:ARMK)

Shelton Capital Management trimmed its position in Aramark (NYSE:ARMK - Free Report) by 34.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,778 shares of the company's stock after selling 45,326 shares during the period. Shelton Capital Management's holdings in Aramark were worth $3,200,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in Aramark by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares during the period. UMB Bank n.a. lifted its stake in Aramark by 75.2% in the fourth quarter. UMB Bank n.a. now owns 1,354 shares of the company's stock valued at $51,000 after buying an additional 581 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Aramark by 167.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,424 shares of the company's stock worth $53,000 after acquiring an additional 891 shares during the period. Wealthfront Advisers LLC acquired a new position in Aramark during the 4th quarter valued at about $83,000. Finally, GAMMA Investing LLC raised its holdings in shares of Aramark by 29.9% during the fourth quarter. GAMMA Investing LLC now owns 4,297 shares of the company's stock valued at $160,000 after buying an additional 990 shares during the last quarter.

Aramark Stock Down 0.7 %

Shares of NYSE:ARMK traded down $0.23 during trading on Monday, reaching $32.90. 412,124 shares of the company traded hands, compared to its average volume of 2,091,628. The firm has a market cap of $8.72 billion, a P/E ratio of 25.91 and a beta of 1.37. Aramark has a 1-year low of $29.82 and a 1-year high of $42.49. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The firm has a fifty day simple moving average of $35.35 and a 200 day simple moving average of $37.52.

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Aramark (NYSE:ARMK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The business had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.61 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were issued a $0.105 dividend. This is a positive change from Aramark's previous quarterly dividend of $0.00. This represents a $0.42 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Monday, February 10th. Aramark's payout ratio is 33.07%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ARMK shares. Citigroup started coverage on Aramark in a research report on Monday, February 24th. They set a "buy" rating and a $48.00 price target for the company. StockNews.com cut Aramark from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. UBS Group dropped their price objective on Aramark from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $47.00 price objective on shares of Aramark in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $43.08.

Aramark 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.