Voya Investment Management LLC Acquires 58,154 Shares of The Wendy's Company $WEN

Key Points

• Voya Investment Management LLC increased its holdings in The Wendy's Company by 6.9%, acquiring an additional 58,154 shares, bringing its total to 901,799 shares valued at approximately $13.2 million.
• Wendy's reported a quarterly EPS of $0.29, surpassing analysts' expectations of $0.25, despite a 1.7% decline in revenue compared to the previous year.
• Institutional investors own about 86% of Wendy's stock, indicating strong interest and investment in the company.

Voya Investment Management LLC raised its holdings in The Wendy's Company (NASDAQ:WEN - Free Report) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 901,799 shares of the restaurant operator's stock after acquiring an additional 58,154 shares during the quarter. Voya Investment Management LLC owned about 0.47% of Wendy's worth $13,193,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Wendy's by 20.1% during the 1st quarter. Rhumbline Advisers now owns 700,472 shares of the restaurant operator's stock valued at $10,248,000 after acquiring an additional 117,324 shares during the last quarter. Mattson Financial Services LLC increased its holdings in Wendy's by 18.4% in the first quarter. Mattson Financial Services LLC now owns 59,937 shares of the restaurant operator's stock valued at $877,000 after purchasing an additional 9,314 shares during the last quarter. Intech Investment Management LLC lifted its stake in Wendy's by 398.2% in the first quarter. Intech Investment Management LLC now owns 192,177 shares of the restaurant operator's stock valued at $2,812,000 after buying an additional 153,604 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Wendy's by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,085 shares of the restaurant operator's stock worth $9,350,000 after buying an additional 11,072 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Wendy's during the 1st quarter worth about $161,000. Institutional investors and hedge funds own 85.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Loop Capital cut their price target on shares of Wendy's from $21.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. UBS Group reiterated a "neutral" rating and issued a $11.00 target price (down from $14.00) on shares of Wendy's in a report on Wednesday, July 30th. Wall Street Zen raised shares of Wendy's from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Morgan Stanley reiterated an "underweight" rating on shares of Wendy's in a report on Friday, August 8th. Finally, Stifel Nicolaus set a $12.00 target price on Wendy's in a research note on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.97.

Wendy's Price Performance

Shares of NASDAQ WEN opened at $9.67 on Tuesday. The company has a fifty day moving average price of $10.38 and a 200 day moving average price of $11.98. The firm has a market cap of $1.84 billion, a PE ratio of 10.07, a PEG ratio of 1.82 and a beta of 0.37. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The Wendy's Company has a 1-year low of $9.63 and a 1-year high of $20.60.

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 analysts' consensus estimates of $0.25 by $0.04. The company had revenue of $560.93 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. Wendy's has set its FY 2025 guidance at 0.820-0.89 EPS. Research analysts predict that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.

Wendy's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.14 dividend. The ex-dividend date 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 (DPR) is 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.

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