Wells Fargo & Company MN trimmed its position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,937 shares of the restaurant operator's stock after selling 72,745 shares during the period. Wells Fargo & Company MN's holdings in Wendy's were worth $1,629,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WEN. Blue Trust Inc. raised its holdings in shares of Wendy's by 670.3% during the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator's stock valued at $25,000 after buying an additional 1,220 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Wendy's during the fourth quarter valued at approximately $30,000. GAMMA Investing LLC raised its holdings in Wendy's by 168.1% during the 4th 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 during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Wendy's in the 4th quarter valued at $46,000. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in 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 purchasing an additional 985 shares during the period. 85.96% of the stock is currently owned by institutional investors and hedge funds.
Wendy's Stock Performance
NASDAQ:WEN traded up $0.12 during trading hours on Thursday, reaching $12.62. 1,052,711 shares of the company's stock were exchanged, compared to its average volume of 4,244,639. The company has a quick ratio of 1.83, a current ratio of 1.85 and a debt-to-equity ratio of 12.48. The Wendy's Company has a 1-year low of $12.05 and a 1-year high of $20.65. The company has a 50-day moving average of $14.17 and a 200 day moving average of $15.99. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 2.00 and a beta of 0.61.
Wendy's (NASDAQ:WEN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $574.27 million during the quarter, compared to the consensus estimate of $564.17 million. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. Research analysts anticipate that The Wendy's Company will post 0.99 EPS for the current year.
Wendy's Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.93%. The ex-dividend date was Monday, March 3rd. Wendy's's dividend payout ratio is currently 105.26%.
Analyst Ratings Changes
WEN has been the subject of several recent analyst reports. The Goldman Sachs Group cut 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 decreased their target price on Wendy's from $17.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Argus raised Wendy's to a "strong-buy" rating in a research note on Tuesday, February 18th. Stephens reiterated an "equal weight" rating and issued a $15.00 target price on shares of Wendy's in a report on Thursday, April 10th. Finally, UBS Group reduced their price objective on shares of Wendy's from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Wendy's has a consensus rating of "Hold" and an average price target of $17.58.
Read Our Latest Analysis on Wendy's
Wendy's Profile
(
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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