Quantamental Technologies LLC Takes Position in Wendys Co (NASDAQ:WEN)

Quantamental Technologies LLC bought a new stake in shares of Wendys Co (NASDAQ:WEN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,069 shares of the restaurant operator’s stock, valued at approximately $99,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WEN. NumerixS Investment Technologies Inc lifted its holdings in shares of Wendys by 1.0% in the first quarter. NumerixS Investment Technologies Inc now owns 66,250 shares of the restaurant operator’s stock valued at $1,172,000 after buying an additional 625 shares during the period. Advisory Services Network LLC boosted its stake in shares of Wendys by 65.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 849 shares in the last quarter. Strs Ohio raised its holdings in Wendys by 4.7% in the 2nd quarter. Strs Ohio now owns 20,492 shares of the restaurant operator’s stock worth $401,000 after acquiring an additional 913 shares during the period. Coastal Investment Advisors Inc. lifted its holdings in shares of Wendys by 116.6% during the second quarter. Coastal Investment Advisors Inc. now owns 1,817 shares of the restaurant operator’s stock worth $36,000 after buying an additional 978 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Wendys by 9.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,322 shares of the restaurant operator’s stock worth $220,000 after acquiring an additional 1,074 shares during the period. Hedge funds and other institutional investors own 77.94% of the company’s stock.

Shares of WEN stock traded down $0.10 during midday trading on Wednesday, hitting $19.61. 159,868 shares of the company were exchanged, compared to its average volume of 2,641,842. Wendys Co has a 52 week low of $14.96 and a 52 week high of $22.84. The firm has a market capitalization of $5.06 billion, a P/E ratio of 33.22, a PEG ratio of 2.43 and a beta of 0.66. The firm’s 50 day moving average price is $20.23 and its two-hundred day moving average price is $18.92. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.96 and a current ratio of 1.97.

Wendys (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Wendys had a net margin of 28.88% and a return on equity of 23.16%. The firm had revenue of $435.30 million for the quarter, compared to analysts’ expectations of $439.64 million. During the same period in the prior year, the firm earned $0.14 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Wendys Co will post 0.63 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 2.04%. Wendys’s payout ratio is currently 67.80%.

In other Wendys news, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.90, for a total value of $9,452,500.00. Following the completion of the sale, the insider now owns 5,444,270 shares of the company’s stock, valued at approximately $108,340,973. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew H. Peltz sold 2,000,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $19.97, for a total transaction of $39,940,000.00. Following the completion of the sale, the director now directly owns 5,444,270 shares of the company’s stock, valued at approximately $108,722,071.90. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.

WEN has been the subject of a number of recent research reports. Zacks Investment Research downgraded Wendys from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research report on Friday, August 23rd. Wells Fargo & Co boosted their price objective on Wendys from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Tuesday. Longbow Research reissued a “buy” rating on shares of Wendys in a research note on Wednesday, September 4th. BTIG Research downgraded shares of Wendys from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Goldman Sachs Group began coverage on Wendys in a research note on Monday, July 29th. They set a “sell” rating and a $17.50 price objective on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Wendys has an average rating of “Hold” and an average price target of $20.53.

Wendys Profile

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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