ExodusPoint Capital Management LP acquired a new position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 492,672 shares of the restaurant operator's stock, valued at approximately $8,031,000. ExodusPoint Capital Management LP owned 0.24% of Wendy's as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. MetLife Investment Management LLC boosted its stake in shares of Wendy's by 0.6% during the third quarter. MetLife Investment Management LLC now owns 92,132 shares of the restaurant operator's stock valued at $1,614,000 after purchasing an additional 590 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Wendy's by 2.9% during the fourth quarter. Pacer Advisors Inc. now owns 25,529 shares of the restaurant operator's stock worth $416,000 after purchasing an additional 717 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Wendy's by 1.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 57,400 shares of the restaurant operator's stock worth $979,000 after purchasing an additional 797 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Wendy's by 6.1% in the fourth quarter. Natixis Advisors LLC now owns 15,634 shares of the restaurant operator's stock valued at $255,000 after buying an additional 897 shares during the period. Finally, Bartlett & CO. Wealth Management LLC raised 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 acquiring an additional 985 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.
Wendy's Price Performance
Shares of NASDAQ WEN traded down $0.51 during mid-day trading on Thursday, reaching $12.61. 1,547,436 shares of the company were exchanged, compared to its average volume of 4,152,875. The company's 50 day moving average price is $14.78 and its 200 day moving average price is $16.49. The Wendy's Company has a 52 week low of $12.05 and a 52 week high of $20.65. 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 stock has a market capitalization of $2.53 billion, a PE ratio of 13.27, a PEG ratio of 2.00 and a beta of 0.61.
Wendy's (NASDAQ:WEN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $574.27 million for the quarter, compared to analysts' expectations of $564.17 million. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. Sell-side analysts forecast that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.
Wendy's Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 7.93%. Wendy's's dividend payout ratio (DPR) is currently 105.26%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. Morgan Stanley reiterated an "underweight" rating and set a $14.00 price objective (down from $22.00) on shares of Wendy's in a research report on Tuesday, January 21st. Citigroup raised their target price on Wendy's from $15.50 to $16.50 and gave the company a "neutral" rating in a research note on Friday, March 7th. Wedbush reissued a "neutral" rating and issued a $16.00 price target on shares of Wendy's in a research report on Friday, March 7th. Stephens restated an "equal weight" rating and set a $15.00 price target on shares of Wendy's in a research note on Thursday. Finally, UBS Group lifted their price objective on shares of Wendy's from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $18.08.
Read Our Latest Stock Analysis on WEN
About Wendy's
(
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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