Wendys Co (WEN) Holdings Increased by Private Advisor Group LLC

Private Advisor Group LLC raised its holdings in shares of Wendys Co (NASDAQ:WEN) by 41.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,776 shares of the restaurant operator’s stock after purchasing an additional 4,632 shares during the period. Private Advisor Group LLC’s holdings in Wendys were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of WEN. Oregon Public Employees Retirement Fund boosted its stake in Wendys by 1,553.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,163,242 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 1,092,875 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Wendys by 114.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,450,116 shares of the restaurant operator’s stock valued at $24,855,000 after purchasing an additional 775,116 shares during the last quarter. BlackRock Inc. boosted its stake in Wendys by 4.2% during the 3rd quarter. BlackRock Inc. now owns 16,211,392 shares of the restaurant operator’s stock valued at $277,863,000 after purchasing an additional 652,622 shares during the last quarter. Man Group plc boosted its stake in Wendys by 172.6% during the 3rd quarter. Man Group plc now owns 753,546 shares of the restaurant operator’s stock valued at $12,916,000 after purchasing an additional 477,110 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in Wendys during the 3rd quarter valued at $5,999,000. Institutional investors and hedge funds own 74.72% of the company’s stock.

In related news, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $17.11, for a total value of $51,330,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Abigail E. Pringle sold 8,897 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $17.35, for a total value of $154,362.95. Following the completion of the transaction, the insider now directly owns 100,917 shares in the company, valued at $1,750,909.95. The disclosure for this sale can be found here. Company insiders own 23.10% of the company’s stock.

Several analysts have commented on the company. Zacks Investment Research reiterated a “hold” rating on shares of Wendys in a research note on Saturday, November 17th. BidaskClub downgraded Wendys from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. ValuEngine downgraded Wendys from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Wedbush reiterated a “hold” rating and set a $17.50 target price on shares of Wendys in a research note on Monday, February 11th. Finally, Stifel Nicolaus downgraded Wendys from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Wendys currently has a consensus rating of “Buy” and a consensus price target of $19.87.

WEN stock opened at $16.80 on Friday. The firm has a market capitalization of $3.95 billion, a PE ratio of 28.47, a PEG ratio of 2.00 and a beta of 0.77. Wendys Co has a 1 year low of $14.96 and a 1 year high of $18.68. The company has a current ratio of 2.34, a quick ratio of 2.33 and a debt-to-equity ratio of 4.25.

Wendys (NASDAQ:WEN) last released its quarterly earnings results on Thursday, February 21st. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The firm had revenue of $397.82 million for the quarter, compared to the consensus estimate of $399.89 million. Wendys had a return on equity of 24.68% and a net margin of 28.94%. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. On average, equities research analysts expect that Wendys Co will post 0.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a $0.10 dividend. This is an increase from Wendys’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, February 28th. Wendys’s dividend payout ratio (DPR) is 67.80%.

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Wendys Profile

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.

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Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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