Invesco Ltd. raised its position in The Wendy's Company (NASDAQ:WEN - Free Report) by 296.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,882,829 shares of the restaurant operator's stock after purchasing an additional 1,407,503 shares during the quarter. Invesco Ltd. owned about 0.92% of Wendy's worth $30,690,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Wendy's by 670.3% in the 4th quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator's stock worth $25,000 after buying an additional 1,220 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Wendy's during the 4th quarter worth $30,000. GAMMA Investing LLC grew its stake in shares of Wendy's by 168.1% in the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 1,400 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Wendy's during the fourth quarter valued at $46,000. Finally, Bartlett & CO. Wealth Management LLC raised its stake in shares of Wendy's by 46.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator's stock valued at $51,000 after purchasing an additional 985 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company's stock.
Wendy's Trading Up 2.3 %
Wendy's stock traded up $0.29 during midday trading on Wednesday, reaching $12.86. The stock had a trading volume of 714,988 shares, compared to its average volume of 4,236,418. The Wendy's Company has a twelve month low of $12.05 and a twelve month high of $20.65. The company has a debt-to-equity ratio of 12.48, a current ratio of 1.85 and a quick ratio of 1.83. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 2.00 and a beta of 0.61. The firm's fifty day simple moving average is $14.44 and its two-hundred day simple moving average is $16.20.
Wendy's (NASDAQ:WEN - Get Free Report) last issued its earnings results on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $574.27 million during the quarter, compared to analysts' expectations of $564.17 million. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. Equities analysts anticipate that The Wendy's Company will post 0.99 EPS for the current fiscal year.
Wendy's Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.78%. Wendy's's dividend payout ratio is 105.26%.
Wall Street Analyst Weigh In
WEN has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an "underweight" rating and issued a $14.00 target price (down previously from $22.00) on shares of Wendy's in a research report on Tuesday, January 21st. Barclays lowered their price objective on shares of Wendy's from $17.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday. The Goldman Sachs Group cut their target price on Wendy's from $17.00 to $15.00 and set a "sell" rating for the company in a research report on Thursday, February 6th. UBS Group lifted their price target on Wendy's from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, March 7th. Finally, Citigroup upped their price objective on Wendy's from $15.50 to $16.50 and gave the company a "neutral" rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.69.
Check Out Our Latest Research Report on Wendy's
About Wendy's
(
Free Report)
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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