Deutsche Bank AG Grows Stock Holdings in The Wendy's Company $WEN

Key Points

• Deutsche Bank increased its Wendy’s stake by 588.5% in the second quarter, ending with 189,018 shares valued at approximately $1.57 million. Institutional investors collectively own 85.96% of the company.
• Wendy’s beat quarterly expectations with earnings of $0.18 per share versus the $0.16 consensus, while revenue rose 1.8% year over year to $570.57 million.
• The stock opened at $8.27 after rising 5.8%, but analyst sentiment remains cautious: the consensus rating is “Reduce” with a $7.76 price target. Wendy’s declared a quarterly dividend of $0.07 per share, representing a 3.4% yield.

Deutsche Bank AG boosted its stake in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 588.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,018 shares of the restaurant operator's stock after buying an additional 161,564 shares during the quarter. Deutsche Bank AG owned 0.10% of Wendy's worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in shares of Wendy's during the 2nd quarter valued at approximately $27,000. Hilton Head Capital Partners LLC purchased a new position in Wendy's in the 4th quarter valued at approximately $30,000. Fifth Third Bancorp increased its stake in Wendy's by 161.0% in the 4th quarter. Fifth Third Bancorp now owns 3,829 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 2,362 shares in the last quarter. Gen Wealth Partners Inc acquired a new position in Wendy's during the fourth quarter worth $33,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Wendy's during the first quarter worth $30,000. 85.96% of the stock is owned by hedge funds and other institutional investors.

Wendy's Trading Up 5.8%

Shares of Wendy's stock opened at $8.27 on Friday. The Wendy's Company has a fifty-two week low of $6.07 and a fifty-two week high of $10.62. The business's fifty day moving average is $7.89 and its two-hundred day moving average is $7.46. The company has a quick ratio of 1.88, a current ratio of 1.90 and a debt-to-equity ratio of 27.95. The firm has a market cap of $1.58 billion, a PE ratio of 12.53, a P/E/G ratio of 0.68 and a beta of 0.37.

Wendy's (NASDAQ:WEN - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The restaurant operator reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. Wendy's had a return on equity of 115.31% and a net margin of 5.72%.The business had revenue of $570.57 million during the quarter, compared to the consensus estimate of $557.13 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The business's revenue for the quarter was up 1.8% on a year-over-year basis. Analysts anticipate that The Wendy's Company will post 0.5 earnings per share for the current year.

Wendy's Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 1st. Wendy's's dividend payout ratio is presently 42.42%.

Trending Headlines about Wendy's

Here are the key news stories impacting Wendy's this week:

• Positive Sentiment: Wendy’s shares are seeing a rebound as unusually high short interest raises the possibility of a short squeeze if buying momentum continues. The recovery appears more technical than fundamental, however. Wendy’s Climbs 4%, McDonald’s Ticks Up: Is Short Interest Setting Up a Squeeze in the Burger Trade?
• Positive Sentiment: New CEO Bob Wright is acknowledging Wendy’s recent mistakes and is developing a turnaround strategy that borrows elements from Burger King and McDonald’s. Potential improvements to operations, marketing, and the customer experience could support the stock over the longer term if execution improves. Wendy’s Is Losing Ground. Its CEO’s Turnaround Plan Borrows From Burger King and McDonald’s
• Neutral Sentiment: Consumer coverage highlighting popular Wendy’s menu orders may help brand engagement but provides little information about near-term revenue, earnings, or valuation. 7 Best Orders at Wendy’s, According to Regulars
• Negative Sentiment: Reports that Trian is not preparing a take-private offer caused investors to unwind takeover-related positions. Analysts argue that the acquisition premium has effectively disappeared, leaving Wendy’s stock to trade on its underlying business performance and turnaround prospects. Wendy's Shares Tumble on Report Trian No Longer Preparing Take-Private Bid

Wall Street Analyst Weigh In

Several research firms have weighed in on WEN. Weiss Ratings restated a "sell (d+)" rating on shares of Wendy's in a report on Friday, July 17th. Citigroup upped their price target on shares of Wendy's from $7.25 to $8.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Argus upgraded shares of Wendy's from a "hold" rating to a "buy" rating and set a $12.00 price target on the stock in a research report on Wednesday, May 13th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $6.00 price objective (down from $7.00) on shares of Wendy's in a research note on Monday, May 11th. Finally, BMO Capital Markets restated a "market perform" rating on shares of Wendy's in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $7.76.

Wendy's Company Profile

The Wendy's Company NASDAQ: WEN operates as a global quick-service restaurant chain, best known for its square-shaped beef patties, fresh ingredient sourcing and signature Frosty dessert. The company's menu features a variety of hamburgers, chicken sandwiches, salads, breakfast sandwiches, sides and beverages, designed to appeal to a broad customer base seeking both classic and contemporary fast-food options. Wendy's has placed particular emphasis on product innovation, introducing limited-time offerings and revamped core menu items to maintain customer interest and respond to evolving dining trends.

Founded in 1969 by entrepreneur Dave Thomas in Columbus, Ohio, Wendy's expanded rapidly through both company-owned and franchised outlets.

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