International Assets Investment Management LLC Acquires 45,538 Shares of The Wendy's Company (NASDAQ:WEN)

International Assets Investment Management LLC increased its holdings in The Wendy's Company (NASDAQ:WEN - Free Report) by 1,807.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,057 shares of the restaurant operator's stock after acquiring an additional 45,538 shares during the quarter. International Assets Investment Management LLC's holdings in Wendy's were worth $936,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Highlander Capital Management LLC raised its stake in Wendy's by 250.0% during the fourth quarter. Highlander Capital Management LLC now owns 1,400 shares of the restaurant operator's stock valued at $27,000 after buying an additional 1,000 shares in the last quarter. Signaturefd LLC raised its stake in Wendy's by 112.0% during the third quarter. Signaturefd LLC now owns 1,444 shares of the restaurant operator's stock valued at $29,000 after buying an additional 763 shares in the last quarter. Spire Wealth Management raised its stake in Wendy's by 203.2% during the third quarter. Spire Wealth Management now owns 1,516 shares of the restaurant operator's stock valued at $31,000 after buying an additional 1,016 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Wendy's during the third quarter valued at approximately $42,000. Finally, Fifth Third Bancorp raised its stake in Wendy's by 58.0% during the fourth quarter. Fifth Third Bancorp now owns 2,352 shares of the restaurant operator's stock valued at $46,000 after buying an additional 863 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WEN. Royal Bank of Canada cut their price objective on Wendy's from $22.00 to $20.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 20th. Truist Financial lowered their target price on Wendy's from $23.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, February 20th. Citigroup upped their target price on Wendy's from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, May 3rd. BMO Capital Markets upped their target price on Wendy's from $20.00 to $22.00 and gave the company a "market perform" rating in a report on Friday, May 3rd. Finally, Sanford C. Bernstein lowered Wendy's from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $24.00 to $20.00 in a report on Thursday, February 22nd. Fourteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wendy's presently has an average rating of "Hold" and an average target price of $22.42.

Insider Activity

In other news, Director Kenneth W. Gilbert sold 4,500 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $18.07, for a total transaction of $81,315.00. Following the completion of the sale, the director now owns 31,304 shares in the company, valued at approximately $565,663.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Juan Carlos Loredo sold 44,806 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $19.50, for a total value of $873,717.00. Following the completion of the sale, the chief marketing officer now owns 27,586 shares in the company, valued at $537,927. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth W. Gilbert sold 4,500 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $18.07, for a total value of $81,315.00. Following the completion of the sale, the director now owns 31,304 shares of the company's stock, valued at approximately $565,663.28. The disclosure for this sale can be found here. Insiders own 17.10% of the company's stock.

Wendy's Price Performance

NASDAQ WEN traded down $0.21 on Friday, reaching $18.39. 2,158,300 shares of the stock traded hands, compared to its average volume of 3,228,786. The firm's fifty day simple moving average is $18.92 and its 200 day simple moving average is $19.04. The company has a quick ratio of 2.02, a current ratio of 2.04 and a debt-to-equity ratio of 11.21. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 1.81 and a beta of 0.78. The Wendy's Company has a 12 month low of $17.64 and a 12 month high of $23.89.

Wendy's (NASDAQ:WEN - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. The firm had revenue of $534.80 million during the quarter, compared to analyst estimates of $540.84 million. Wendy's had a return on equity of 62.68% and a net margin of 9.44%. The firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. As a group, research analysts predict that The Wendy's Company will post 1 EPS for the current fiscal year.

Wendy's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.44%. Wendy's's dividend payout ratio (DPR) is presently 101.01%.

Wendy's Company Profile

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.