MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in The Wendy's Company $WEN

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in The Wendy's Company by 30.6%, owning approximately $12.93 million worth of shares as of its latest filing.
• The Wendy's Company reported a quarterly earnings per share (EPS) of $0.29, exceeding analysts' expectations and setting guidance for FY 2025 at 0.820-0.89 EPS.
• A quarterly dividend of $0.14 per share has been declared, representing an annualized yield of 5.6%, with the dividend payout ratio at 58.33%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 30.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 883,559 shares of the restaurant operator's stock after acquiring an additional 207,066 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.46% of Wendy's worth $12,926,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WEN. Northern Trust Corp raised its holdings in Wendy's by 89.6% during the first quarter. Northern Trust Corp now owns 2,987,332 shares of the restaurant operator's stock valued at $43,705,000 after acquiring an additional 1,411,912 shares during the period. Nuveen LLC bought a new stake in Wendy's during the first quarter valued at about $15,117,000. Sound Income Strategies LLC raised its holdings in Wendy's by 84,261.8% during the first quarter. Sound Income Strategies LLC now owns 596,438 shares of the restaurant operator's stock valued at $8,726,000 after acquiring an additional 595,731 shares during the period. Vanguard Group Inc. raised its holdings in Wendy's by 2.5% during the first quarter. Vanguard Group Inc. now owns 21,634,226 shares of the restaurant operator's stock valued at $316,509,000 after acquiring an additional 536,071 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Wendy's by 7.4% during 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 acquiring an additional 464,444 shares during the period. 85.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WEN has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $12.00 price target on Wendy's in a report on Friday, August 15th. Loop Capital reduced their target price on Wendy's from $21.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Morgan Stanley reaffirmed an "underweight" rating on shares of Wendy's in a report on Friday, August 8th. BTIG Research reaffirmed a "neutral" rating on shares of Wendy's in a report on Friday, August 8th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $12.00 target price (down from $15.00) on shares of Wendy's in a report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Wendy's currently has an average rating of "Hold" and an average price target of $12.97.

Wendy's Trading Down 2.3%

Shares of NASDAQ:WEN traded down $0.23 during trading hours on Friday, hitting $9.66. 7,407,088 shares of the company's stock traded hands, compared to its average volume of 6,005,629. The firm has a market capitalization of $1.84 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 1.85 and a beta of 0.37. The business has a fifty day moving average price of $10.46 and a 200-day moving average price of $12.11. The Wendy's Company has a 1 year low of $9.63 and a 1 year high of $20.60. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43.

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

Wendy's Dividend Announcement

The firm 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 dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.8%. Wendy's's dividend payout ratio is currently 58.33%.

About Wendy's

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.