Allspring Global Investments Holdings LLC Lowers Stock Holdings in The Wendy's Company (NASDAQ:WEN)

Allspring Global Investments Holdings LLC trimmed its stake in The Wendy's Company (NASDAQ:WEN - Free Report) by 81.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 898,319 shares of the restaurant operator's stock after selling 4,031,007 shares during the period. Allspring Global Investments Holdings LLC owned 0.44% of Wendy's worth $14,481,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WEN. Blue Trust Inc. grew its stake in Wendy's by 670.3% during the 4th quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 1,220 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Wendy's by 168.1% in the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator's stock worth $36,000 after buying an additional 1,400 shares during the last quarter. AM Squared Ltd purchased a new stake in shares of Wendy's in the third quarter worth about $49,000. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Wendy's by 46.4% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator's stock worth $51,000 after buying an additional 985 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Wendy's by 39.6% during the third quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator's stock worth $65,000 after purchasing an additional 1,046 shares in the last quarter. 85.96% of the stock is owned by institutional investors.

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Wendy's Price Performance

Shares of NASDAQ:WEN traded down $0.27 during midday trading on Thursday, hitting $15.24. The company had a trading volume of 5,924,568 shares, compared to its average volume of 5,227,343. The Wendy's Company has a twelve month low of $13.72 and a twelve month high of $20.65. The company has a debt-to-equity ratio of 12.48, a current ratio of 1.85 and a quick ratio of 1.83. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.27 and a beta of 0.77. The business's 50-day simple moving average is $15.39 and its 200-day simple moving average is $17.07.

Wendy's (NASDAQ:WEN - Get Free Report) last posted its earnings results 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 company had revenue of $574.27 million during 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%. On average, research analysts predict that The Wendy's Company will post 0.99 earnings per share for the current year.

Wendy's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 6.56%. Wendy's's dividend payout ratio (DPR) is 105.26%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. The Goldman Sachs Group lowered their price target on Wendy's from $17.00 to $15.00 and set a "sell" rating on the stock in a research report on Thursday, February 6th. Barclays lowered their price target on Wendy's from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Stephens reiterated an "equal weight" rating and set a $15.00 price target on shares of Wendy's in a research report on Thursday, February 13th. Stifel Nicolaus lowered their price target on Wendy's from $17.00 to $16.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, UBS Group lowered their price target on Wendy's from $20.00 to $17.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.88.

Wendy's Profile

The Wendy's Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid's meals.