Cwm LLC Purchases 38,924 Shares of The Wendy's Company $WEN

Key Points

• Cwm LLC increased its stake in The Wendy's Company by 19.4%, acquiring 38,924 additional shares and owning 239,299 shares valued at approximately $2.73 million.
• Wendy's reported earnings of $0.29 per share for the last quarter, which exceeded analysts' estimates, but revenue decreased 1.7% year-over-year.
• The company recently declared a quarterly dividend of $0.14 per share, resulting in an annualized yield of 6.3%, with a dividend payout ratio of 58.33%.

Cwm LLC grew its position in The Wendy's Company (NASDAQ:WEN - Free Report) by 19.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239,299 shares of the restaurant operator's stock after purchasing an additional 38,924 shares during the period. Cwm LLC owned approximately 0.12% of Wendy's worth $2,733,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Gradient Investments LLC lifted its holdings in shares of Wendy's by 6.2% in the second quarter. Gradient Investments LLC now owns 836,626 shares of the restaurant operator's stock valued at $9,554,000 after purchasing an additional 48,736 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Wendy's by 398.2% in the first quarter. Intech Investment Management LLC now owns 192,177 shares of the restaurant operator's stock valued at $2,812,000 after purchasing an additional 153,604 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Wendy's by 7.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,767,723 shares of the restaurant operator's stock valued at $99,012,000 after purchasing an additional 464,444 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Wendy's by 82.3% in the second quarter. Janney Montgomery Scott LLC now owns 72,636 shares of the restaurant operator's stock valued at $830,000 after purchasing an additional 32,792 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Wendy's by 20.1% in the first quarter. Rhumbline Advisers now owns 700,472 shares of the restaurant operator's stock valued at $10,248,000 after purchasing an additional 117,324 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors.

Wendy's Price Performance

NASDAQ:WEN opened at $8.88 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 28.74. The stock's 50 day moving average price is $9.74 and its two-hundred day moving average price is $11.01. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 1.68 and a beta of 0.38. The Wendy's Company has a 12-month low of $8.55 and a 12-month high of $20.60.

Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $560.93 million for the quarter, compared to analyst estimates of $558.95 million. Wendy's had a return on equity of 103.07% and a net margin of 8.63%.The business's revenue for the quarter 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. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. On average, analysts anticipate that The Wendy's Company will post 0.99 earnings per share for the current year.

Wendy's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.14 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.56 annualized dividend and a yield of 6.3%. Wendy's's dividend payout ratio is currently 58.33%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group lowered their target price on Wendy's from $10.00 to $9.00 and set a "hold" rating on the stock in a research report on Monday, October 13th. BTIG Research reaffirmed a "neutral" rating on shares of Wendy's in a research report on Monday, September 15th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $12.00 target price (down previously from $15.00) on shares of Wendy's in a research report on Friday, August 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Wendy's in a research report on Wednesday, October 8th. Finally, Argus reaffirmed a "hold" rating on shares of Wendy's in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.43.

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.

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