Schonfeld Strategic Advisors LLC Has $1.54 Million Position in The Wendy's Company (NASDAQ:WEN)

Schonfeld Strategic Advisors LLC raised its stake in The Wendy's Company (NASDAQ:WEN - Free Report) by 127.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,322 shares of the restaurant operator's stock after buying an additional 52,898 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Wendy's were worth $1,537,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Wendy's by 670.3% during 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 during the period. SBI Securities Co. Ltd. acquired a new stake in Wendy's in the 4th quarter valued at about $30,000. GAMMA Investing LLC raised its position in Wendy's by 168.1% in the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 1,400 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Wendy's in the 4th quarter valued at about $46,000. Finally, Bartlett & CO. Wealth Management LLC grew its position 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 worth $51,000 after buying an additional 985 shares in the last quarter. Hedge funds and other institutional investors own 85.96% of the company's stock.

Wendy's Price Performance

Shares of NASDAQ:WEN traded up $0.31 on Monday, reaching $12.31. 1,625,289 shares of the company traded hands, compared to its average volume of 4,260,442. The stock has a market capitalization of $2.36 billion, a PE ratio of 12.97, a P/E/G 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 company's 50 day moving average is $13.71 and its 200-day moving average is $15.59. The Wendy's Company has a fifty-two week low of $11.70 and a fifty-two week high of $20.60.

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

Wendy's Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.55%. Wendy's's dividend payout ratio is currently 59.57%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WEN shares. Wedbush reaffirmed a "neutral" rating and issued a $16.00 target price on shares of Wendy's in a report on Friday, March 7th. The Goldman Sachs Group decreased their price objective on shares of Wendy's from $17.00 to $15.00 and set a "sell" rating for the company in a research report on Thursday, February 6th. Barclays lowered their target price on shares of Wendy's from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Royal Bank of Canada restated a "sector perform" rating and issued a $17.00 price target on shares of Wendy's in a research note on Tuesday, March 4th. Finally, TD Securities lowered their target price on shares of Wendy's from $14.00 to $13.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $16.34.

Insider Activity 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 transaction of $1,752,651.39. Following the transaction, the insider now owns 203,005 shares of the company's stock, valued at $2,600,494.05. The trade was a 40.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.00% of the stock is owned by insiders.

Wendy's Company 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.