SG Americas Securities LLC increased its stake in shares of Wendys Co (NASDAQ:WEN) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 75,338 shares of the restaurant operator’s stock after buying an additional 18,565 shares during the period. SG Americas Securities LLC’s holdings in Wendys were worth $1,291,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its stake in Wendys by 4.0% in the 2nd quarter. BlackRock Inc. now owns 15,558,770 shares of the restaurant operator’s stock worth $267,299,000 after purchasing an additional 601,968 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Wendys by 0.4% in the 3rd quarter. Wells Fargo & Company MN now owns 9,875,077 shares of the restaurant operator’s stock valued at $169,259,000 after buying an additional 37,221 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Wendys by 4.1% in the 2nd quarter. Janus Henderson Group PLC now owns 5,599,181 shares of the restaurant operator’s stock valued at $96,194,000 after buying an additional 220,039 shares in the last quarter. Fort Pitt Capital Group LLC raised its position in shares of Wendys by 11.5% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 2,294,849 shares of the restaurant operator’s stock valued at $39,426,000 after buying an additional 236,732 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Wendys by 63.0% in the 2nd quarter. Millennium Management LLC now owns 2,120,428 shares of the restaurant operator’s stock valued at $36,429,000 after buying an additional 819,826 shares in the last quarter. 77.71% of the stock is owned by institutional investors and hedge funds.
In related news, COO Robert D. Wright sold 28,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $17.78, for a total transaction of $503,174.00. Following the completion of the transaction, the chief operating officer now directly owns 48,467 shares in the company, valued at approximately $861,743.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 23.10% of the stock is owned by corporate insiders.
WEN stock opened at $17.11 on Friday. The company has a market cap of $4.16 billion, a P/E ratio of 33.15, a P/E/G ratio of 1.48 and a beta of 0.55. Wendys Co has a 1 year low of $14.80 and a 1 year high of $18.68. The company has a quick ratio of 2.51, a current ratio of 2.52 and a debt-to-equity ratio of 3.52.
Wendys (NASDAQ:WEN) last released its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $400.55 million during the quarter. Wendys had a net margin of 40.00% and a return on equity of 23.36%. Wendys’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. As a group, research analysts expect that Wendys Co will post 0.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, November 30th. Wendys’s dividend payout ratio is 79.07%.
Several equities analysts have recently commented on WEN shares. SunTrust Banks restated a “buy” rating and issued a $22.00 target price on shares of Wendys in a research report on Friday, August 17th. BidaskClub cut shares of Wendys from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. KeyCorp started coverage on shares of Wendys in a research report on Wednesday, October 3rd. They issued a “sector weight” rating for the company. Mizuho set a $21.00 target price on shares of Wendys and gave the company a “buy” rating in a research report on Thursday, August 16th. Finally, Morgan Stanley boosted their target price on shares of Wendys from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, August 17th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $19.56.
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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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