Sound Income Strategies LLC Purchases 218,315 Shares of The Wendy's Company $WEN

Key Points

• Sound Income Strategies LLC increased its stake in The Wendy's Company by 36.6%, acquiring 218,315 shares to bring its total ownership to 814,753 shares worth approximately $9.3 million.
• Wendy's reported earnings of $0.29 per share for the last quarter, exceeding analyst expectations, although revenue was down 1.7% year-over-year at $560.93 million.
• The company declared a quarterly dividend of $0.14 per share, resulting in an annualized yield of 6.1%, with a payout ratio of 58.33%.

Sound Income Strategies LLC boosted its position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 36.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 814,753 shares of the restaurant operator's stock after acquiring an additional 218,315 shares during the period. Sound Income Strategies LLC owned 0.42% of Wendy's worth $9,304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FSM Wealth Advisors LLC raised its stake in Wendy's by 5.5% during the 1st quarter. FSM Wealth Advisors LLC now owns 16,207 shares of the restaurant operator's stock worth $237,000 after acquiring an additional 842 shares during the period. Signaturefd LLC raised its stake in Wendy's by 27.4% during the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator's stock worth $62,000 after acquiring an additional 917 shares during the period. Trivium Point Advisory LLC raised its stake in Wendy's by 7.9% during the 1st quarter. Trivium Point Advisory LLC now owns 13,618 shares of the restaurant operator's stock worth $199,000 after acquiring an additional 1,002 shares during the period. Covestor Ltd raised its position in shares of Wendy's by 25.8% during the first 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 last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Wendy's by 22.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 7,223 shares of the restaurant operator's stock valued at $105,000 after buying an additional 1,303 shares during the last quarter. Institutional investors own 85.96% of the company's stock.

Wendy's Trading Up 0.5%

WEN stock opened at $9.21 on Monday. The firm has a fifty day moving average price of $10.11 and a 200 day moving average price of $11.60. The Wendy's Company has a fifty-two week low of $9.04 and a fifty-two week high of $20.60. The company has a debt-to-equity ratio of 28.74, a quick ratio of 1.43 and a current ratio of 1.45. The firm has a market cap of $1.76 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 1.73 and a beta of 0.37.

Wendy's (NASDAQ:WEN - Get Free Report) last posted its earnings results on Friday, August 8th. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.04. Wendy's had a net margin of 8.63% and a return on equity of 103.07%. The firm had revenue of $560.93 million during the quarter, compared to analyst estimates of $558.95 million. During the same period last year, the firm posted $0.27 earnings per share. Wendy's's revenue for the quarter 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. Sell-side analysts anticipate that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.

Wendy's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 6.1%. Wendy's's payout ratio is 58.33%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley reiterated an "underweight" rating on shares of Wendy's in a research report on Friday, August 8th. UBS Group reiterated a "neutral" rating and set a $11.00 price objective (down previously from $14.00) on shares of Wendy's in a research report on Wednesday, July 30th. Stifel Nicolaus set a $12.00 price objective on shares of Wendy's in a research report on Friday, August 15th. Bank of America reduced their price objective on shares of Wendy's from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday, July 18th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $12.00 price objective (down previously from $15.00) on shares of Wendy's in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.66.

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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