Charles Schwab Investment Management Inc. Raises Stock Holdings in The Wendy's Company (NASDAQ:WEN)

Charles Schwab Investment Management Inc. lifted its holdings in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,767,723 shares of the restaurant operator's stock after purchasing an additional 464,444 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.52% of Wendy's worth $99,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cubist Systematic Strategies LLC lifted its position in Wendy's by 3,249.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 1,568,348 shares of the restaurant operator's stock worth $25,564,000 after buying an additional 1,521,527 shares during the last quarter. Invesco Ltd. lifted its position in Wendy's by 296.1% in the 4th quarter. Invesco Ltd. now owns 1,882,829 shares of the restaurant operator's stock worth $30,690,000 after buying an additional 1,407,503 shares during the last quarter. Sound Income Strategies LLC lifted its position in Wendy's by 84,261.8% in the 1st quarter. Sound Income Strategies LLC now owns 596,438 shares of the restaurant operator's stock worth $8,726,000 after buying an additional 595,731 shares during the last quarter. Vanguard Group Inc. lifted its position in Wendy's by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 21,634,226 shares of the restaurant operator's stock worth $316,509,000 after buying an additional 536,071 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Wendy's by 24.3% in the 4th quarter. Northern Trust Corp now owns 1,575,420 shares of the restaurant operator's stock worth $25,679,000 after buying an additional 308,142 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company's stock.

Insider Activity at Wendy's

In related news, CMO Lindsay J. Radkoski bought 5,050 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average cost of $11.68 per share, with a total value of $58,984.00. Following the completion of the purchase, the chief marketing officer owned 28,956 shares in the company, valued at approximately $338,206.08. The trade was a 21.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 17.00% of the company's stock.

Wall Street Analyst Weigh In

WEN has been the subject of a number of analyst reports. TD Cowen dropped their price objective on Wendy's from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Friday, August 8th. UBS Group reissued a "neutral" rating and set a $11.00 price objective (down previously from $14.00) on shares of Wendy's in a research note on Wednesday, July 30th. Truist Financial set a $13.00 price objective on Wendy's and gave the company a "buy" rating in a research note on Monday. Guggenheim lowered Wendy's from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 14th. Finally, Stifel Nicolaus dropped their price objective on Wendy's from $16.00 to $14.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $13.87.

Wendy's Price Performance

WEN opened at $10.11 on Wednesday. The stock has a fifty day simple moving average of $11.02 and a two-hundred day simple moving average of $12.77. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 2.25 and a beta of 0.31. The Wendy's Company has a 12-month low of $9.74 and a 12-month high of $20.60.

Wendy's (NASDAQ:WEN - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. The business had revenue of $560.93 million during the quarter, compared to the consensus estimate of $558.95 million. Wendy's had a return on equity of 103.07% and a net margin of 8.63%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. Research analysts predict that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.

Wendy's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Wendy's's dividend payout ratio is currently 58.33%.

Wendy's Profile

The Wendy's Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy's U.S., Wendy's International, and Global Real Estate and Development. The Wendy's U.S. segment includes the operation and franchising of Wendy's restaurants in the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.