Cwm LLC Acquires 36,954 Shares of The Wendy's Company (NASDAQ:WEN)

CWM LLC boosted its holdings in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 22.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,375 shares of the restaurant operator's stock after buying an additional 36,954 shares during the quarter. CWM LLC owned approximately 0.10% of Wendy's worth $2,931,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WEN. Proficio Capital Partners LLC bought a new stake in Wendy's in the fourth quarter worth $213,000. Raymond James Financial Inc. purchased a new position in Wendy's during the fourth quarter worth about $824,000. Natixis Advisors LLC grew its holdings in Wendy's by 6.1% during the 4th quarter. Natixis Advisors LLC now owns 15,634 shares of the restaurant operator's stock worth $255,000 after acquiring an additional 897 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Wendy's by 1.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 57,400 shares of the restaurant operator's stock worth $979,000 after buying an additional 797 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Wendy's by 29.9% in the 4th quarter. Advisors Asset Management Inc. now owns 271,398 shares of the restaurant operator's stock valued at $4,424,000 after purchasing an additional 62,518 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on WEN shares. Sanford C. Bernstein set a $13.00 target price on Wendy's in a research note on Monday, May 5th. Stephens restated an "equal weight" rating and set a $14.00 price target on shares of Wendy's in a research report on Tuesday, June 17th. Barclays cut their price objective on shares of Wendy's from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. TD Securities decreased their price target on shares of Wendy's from $14.00 to $13.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Finally, Truist Financial reduced their target price on shares of Wendy's from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $15.63.

Wendy's Trading Down 1.4%

Wendy's stock traded down $0.15 during trading on Monday, hitting $10.32. The company's stock had a trading volume of 4,286,452 shares, compared to its average volume of 4,731,020. The Wendy's Company has a 1-year low of $10.31 and a 1-year high of $20.60. The stock's fifty day moving average is $11.51 and its 200 day moving average is $13.31. The company has a debt-to-equity ratio of 24.88, a quick ratio of 1.47 and a current ratio of 1.49. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 1.68 and a beta of 0.34.

Wendy's (NASDAQ:WEN - Get Free Report) last issued its earnings results on Friday, May 2nd. The restaurant operator reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Wendy's had a net margin of 8.57% and a return on equity of 85.36%. The company had revenue of $523.47 million during the quarter, compared to analysts' expectations of $530.11 million. During the same quarter in the previous year, the company posted $0.23 EPS. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities research analysts predict that The Wendy's Company will post 0.99 EPS for the current year.

Wendy's Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend was Monday, June 2nd. Wendy's's dividend payout ratio is currently 59.57%.

Insider Activity

In other news, insider Abigail E. Pringle sold 136,819 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $12.81, for a total value of $1,752,651.39. Following the sale, the insider directly owned 203,005 shares in the company, valued at approximately $2,600,494.05. This trade represents a 40.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Lindsay J. Radkoski purchased 5,050 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of $11.68 per share, with a total value of $58,984.00. Following the acquisition, the chief marketing officer owned 28,956 shares in the company, valued at $338,206.08. This represents a 21.12% increase in their position. The disclosure for this purchase can be found here. Insiders own 17.00% of the company's stock.

Wendy's Company 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.