International Assets Investment Management LLC Takes Position in The Wendy's Company $WEN

Key Points

• International Assets Investment Management LLC acquired a new stake in The Wendy's Company, purchasing 39,252 shares valued at approximately $448,000.
• Wendy's reported a quarterly EPS of $0.29, exceeding analysts' estimates, and set its FY 2025 guidance at $0.820-0.89 EPS.
• The company declared a quarterly dividend of $0.14 per share, yielding 6.0%, with a dividend payout ratio of 58.33%.

International Assets Investment Management LLC purchased a new stake in The Wendy's Company (NASDAQ:WEN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 39,252 shares of the restaurant operator's stock, valued at approximately $448,000.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Wendy's by 1,111.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator's stock valued at $31,000 after buying an additional 1,957 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Wendy's by 7,180.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,422 shares of the restaurant operator's stock valued at $50,000 after buying an additional 3,375 shares during the period. Signaturefd LLC grew its stake in shares of Wendy's by 27.4% in the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator's stock valued at $62,000 after buying an additional 917 shares during the period. GAMMA Investing LLC grew its stake in shares of Wendy's by 91.0% in the 1st quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator's stock valued at $62,000 after buying an additional 2,033 shares during the period. Finally, Covestor Ltd grew its stake in shares of Wendy's by 25.8% in the 1st quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator's stock valued at $74,000 after buying an additional 1,038 shares during the period. Hedge funds and other institutional investors own 85.96% of the company's stock.

Wendy's Stock Performance

Shares of WEN stock opened at $9.33 on Wednesday. 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 Wendy's Company has a 52 week low of $8.55 and a 52 week high of $20.60. The stock has a market capitalization of $1.78 billion, a PE ratio of 9.72, a P/E/G ratio of 1.69 and a beta of 0.38. The firm has a 50 day moving average of $9.70 and a two-hundred day moving average of $10.95.

Wendy's (NASDAQ:WEN - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. Wendy's had a net margin of 8.63% and a return on equity of 103.07%. The company had revenue of $560.93 million during the quarter, compared to analysts' expectations of $558.95 million. During the same quarter last year, the company posted $0.27 EPS. The firm's revenue was down 1.7% compared to the same quarter last year. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. On average, research analysts predict that The Wendy's Company will post 0.99 EPS for the current fiscal year.

Wendy's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Wendy's's dividend payout ratio (DPR) is currently 58.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WEN. Stifel Nicolaus set a $12.00 price target on shares of Wendy's in a research note on Friday, August 15th. Loop Capital lowered their price objective on shares of Wendy's from $21.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Northcoast Research cut shares of Wendy's from a "neutral" rating to a "sell" rating and set a $7.00 price objective for the company. in a research report on Thursday, September 25th. The Goldman Sachs Group lowered their price objective on shares of Wendy's from $10.00 to $9.00 and set a "sell" rating for the company in a research report on Monday. Finally, TD Cowen lowered their price objective on shares of Wendy's from $13.00 to $11.00 and set a "hold" rating for the company in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.03.

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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