32,507 Shares in The Wendy's Company (NASDAQ:WEN) Bought by PharVision Advisers LLC

PharVision Advisers LLC acquired a new stake in The Wendy's Company (NASDAQ:WEN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,507 shares of the restaurant operator's stock, valued at approximately $530,000.

A number of other hedge funds also recently made changes to their positions in WEN. Blue Trust Inc. lifted its holdings in Wendy's by 670.3% during the 4th quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 1,220 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Wendy's during the 4th quarter worth approximately $30,000. Colonial Trust Co SC acquired a new stake in Wendy's during the 4th quarter worth approximately $31,000. Hillsdale Investment Management Inc. acquired a new stake in Wendy's during the 4th quarter worth approximately $46,000. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in Wendy's by 46.4% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator's stock worth $51,000 after purchasing an additional 985 shares during the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on WEN. TD Securities dropped their price target on Wendy's from $14.00 to $13.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Guggenheim cut Wendy's from a "buy" rating to a "neutral" rating in a report on Wednesday, May 14th. Truist Financial dropped their price target on Wendy's from $17.00 to $16.00 and set a "buy" rating for the company in a report on Monday, May 5th. Royal Bank of Canada restated a "sector perform" rating and set a $17.00 price objective on shares of Wendy's in a research note on Tuesday, March 4th. Finally, Stephens restated an "equal weight" rating and set a $14.00 price objective on shares of Wendy's in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Wendy's currently has a consensus rating of "Hold" and a consensus target price of $16.34.

Insider Transactions at Wendy's

In related news, insider Abigail E. Pringle sold 136,819 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $12.81, for a total transaction of $1,752,651.39. Following the sale, the insider now owns 203,005 shares in the company, valued at $2,600,494.05. The trade was a 40.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 17.00% of the stock is owned by insiders.

Wendy's Price Performance

Shares of Wendy's stock traded down $0.06 during trading on Friday, reaching $11.44. 2,844,989 shares of the company's stock were exchanged, compared to its average volume of 4,289,724. The company has a debt-to-equity ratio of 12.48, a quick ratio of 1.83 and a current ratio of 1.85. The Wendy's Company has a 1-year low of $11.25 and a 1-year high of $20.60. The company has a market cap of $2.20 billion, a P/E ratio of 12.04, a PEG ratio of 2.00 and a beta of 0.40. The firm's 50-day moving average price is $13.04 and its 200 day moving average price is $15.10.

Wendy's (NASDAQ:WEN - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The restaurant operator reported $0.20 EPS for the quarter, hitting analysts' consensus estimates of $0.20. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. 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 firm earned $0.23 EPS. Wendy's's revenue was down 2.1% on a year-over-year basis. As a group, research analysts anticipate that The Wendy's Company will post 0.99 earnings per share for the current year.

Wendy's Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.90%. Wendy's's dividend payout ratio (DPR) is currently 59.57%.

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.