Top 5 Stock Picks of Thomas Steyer’s Farallon Capital

3. Aramark (NYSE:ARMK)

Farallon Capital’s Stake Value: $601,918,000

Percentage of Farallon Capital’s 13F Portfolio: 3.04%

Number of Hedge Fund Holders: 29

Headquartered in Pennsylvania, Aramark (NYSE:ARMK) is a supplier of food service, facilities, and uniforms across the United States, Canada, and 20 other countries. Farallon Capital’s stake in Aramark (NYSE:ARMK) increased by 51% in Q3 2021, and the hedge fund held 18.3 million shares of the company, worth roughly $602 million. The stock represents 3.04% of the fund’s total 13F securities. 

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

Stifel analyst Shlomo Rosenbaum said that he believes the groundwork has been laid for Aramark (NYSE:ARMK) to generate solid new business wins, accelerate organic revenue growth, and improve its margins and free cash flow. Rosenbaum has a Buy rating and a $48 price target on Aramark (NYSE:ARMK) shares as of December 10.

A total of 29 hedge funds were bullish on Aramark (NYSE:ARMK) in Q3 2021, down from 36 funds in the prior quarter. Soros Fund Management is one of the leading stakeholders of Aramark (NYSE:ARMK), with over 3 million shares worth $101 million.