Top 5 Stock Picks of Jason McDougall’s 11 Capital Partners

4. Aramark (NYSE:ARMK)

11 Capital Partners’ Stake Value: $33,961,000

Percentage of 11 Capital Partners’ 13F Portfolio: 6.87%

Number of Hedge Fund Holders: 29

Aramark (NYSE:ARMK) is an American company that offers food service and uniforms to clients operating in the education, healthcare, business, prisons, and leisure sectors. Aramark (NYSE:ARMK) provides its services to customers in the United States, Canada, the United Kingdom, Germany, Philippines, South Korea, Chile, Ireland, and Spain, among others. 11 Capital Partners held a $33.9 million position in Aramark (NYSE:ARMK) as of Q3 2021, which represents 6.87% of the fund’s total 13F securities. 

On January 5, Aramark (NYSE:ARMK) entered into a strategic partnership with Patient Engagement Advisors (PEA), and the access to PEA’s technology and service platform positions Aramark (NYSE:ARMK) to assist health systems in managing post-discharge patient care and reduce costly readmissions. The strategic partnership aligns with Aramark (NYSE:ARMK)’s growth strategy and enhances the overall client and customer experience.

Aramark (NYSE:ARMK) declared on February 2 a $0.11 per share quarterly dividend, in line with previous. The dividend is payable on March 2, to shareholders of record on February 16. 

Stifel analyst Shlomo Rosenbaum believes that Aramark (NYSE:ARMK) is on track to generate solid new business wins, accelerate organic revenue growth, and improve its margins and free cash flow. The analyst kept a Buy rating and a $48 price target on Aramark (NYSE:ARMK) shares on December 10.

A total of 29 hedge funds were bullish on Aramark (NYSE:ARMK) as of Q3 2021, down from 36 funds in the quarter earlier. Thomas Steyer’s Farallon Capital is the biggest Aramark (NYSE:ARMK) stakeholder, with 18.3 million shares worth roughly $602 million.