5 Best Stocks to Buy Now According to Billionaire Thomas Steyer

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In this piece, we will take a look at the top five stocks to buy today according to billionaire Thomas Steyer. For more stocks, take a look at 10 Best Stocks to Buy Now According to Billionaire Thomas Steyer.

5. Aramark (NYSE:ARMK)

Farallon Capital’s Stake Value: $490 million

Percentage of Farallon Capital’s 13F Portfolio: 3.01%

Number of Hedge Fund Holders: 27

Aramark (NYSE:ARMK) is an American company that offers food and uniform services to a wide variety of industries such as education, security, sports, and prisons. The firm is headquartered in Philadelphia, Pennsylvania.

Farallon Capital held a $490 million stake in Aramark (NYSE:ARMK) as part of its second quarter of 2022 investments. This came through the firm owning 16 million shares of the company and it represented 3% of its investment portfolio. For the same time period, 27 out of the 895 hedge funds polled by Insider Monkey had bought the company’s shares.

Aramark (NYSE:ARMK) reported a 38% revenue growth during its latest fiscal quarter, which beat analyst expectations. At the same time, it also upgraded its annual revenue growth estimate to sit at a high end of 32%, above the 27% forecast it had previously guided. The revenue growth now places the net sales at above pre COVID levels.

Aramark (NYSE:ARMK)’s largest investor after Farallon Capital is George Soros’s Soros Fund Management which owns 3.6 million shares that are worth $110 million.



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