The Wendy's Company (NASDAQ:WEN) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 676,493 shares of the restaurant operator's stock after purchasing an additional 34,187 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.33% of Wendy's worth $11,027,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in shares of Wendy's by 3.0% during the 4th quarter. Janus Henderson Group PLC now owns 3,133,832 shares of the restaurant operator's stock valued at $51,081,000 after acquiring an additional 90,380 shares during the period. Gotham Asset Management LLC grew its stake in shares of Wendy's by 282.6% during the 4th quarter. Gotham Asset Management LLC now owns 347,408 shares of the restaurant operator's stock valued at $5,663,000 after acquiring an additional 256,604 shares during the period. Focus Partners Wealth grew its stake in shares of Wendy's by 60.2% during the 4th quarter. Focus Partners Wealth now owns 58,818 shares of the restaurant operator's stock valued at $966,000 after acquiring an additional 22,092 shares during the period. Deutsche Bank AG grew its stake in shares of Wendy's by 9.9% during the 4th quarter. Deutsche Bank AG now owns 39,072 shares of the restaurant operator's stock valued at $637,000 after acquiring an additional 3,522 shares during the period. Finally, Colonial Trust Co SC bought a new position in shares of Wendy's during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 85.96% of the company's stock.

Insider Buying and Selling at Wendy's

In other Wendy's news, insider Abigail E. Pringle sold 136,819 shares of Wendy's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $12.81, for a total value of $1,752,651.39. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WEN. 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 research note on Monday, May 5th. JPMorgan Chase & Co. upgraded Wendy's from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Monday, May 5th. Guggenheim downgraded Wendy's from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 14th. Morgan Stanley dropped their price target on Wendy's from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Finally, Argus upgraded Wendy's to a "strong-buy" rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $16.34.

Wendy's Trading Down 0.7%

Shares of NASDAQ:WEN traded down $0.09 on Tuesday, hitting $12.25. 3,091,139 shares of the company's stock were exchanged, compared to its average volume of 4,279,898. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 2.00 and a beta of 0.40. 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 Wendy's Company has a 12 month low of $11.70 and a 12 month high of $20.60. The business's 50 day simple moving average is $13.33 and its two-hundred day simple moving average is $15.26.

Wendy's (NASDAQ:WEN - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The restaurant operator reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $523.47 million for the quarter, compared to analyst estimates of $530.11 million. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. Analysts anticipate that The Wendy's Company will post 0.99 EPS for the current fiscal year.

Wendy's Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.56 annualized dividend and a yield of 4.57%. Wendy's's dividend payout ratio (DPR) is presently 59.57%.

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.