Headlands Technologies LLC Has $69,000 Position in The Wendy's Company (NASDAQ:WEN)

Headlands Technologies LLC trimmed its position in The Wendy's Company (NASDAQ:WEN - Free Report) by 84.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,238 shares of the restaurant operator's stock after selling 23,113 shares during the period. Headlands Technologies LLC's holdings in Wendy's were worth $69,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in Wendy's during the 4th quarter worth approximately $13,358,000. Victory Capital Management Inc. boosted its stake in shares of Wendy's by 93.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,591,281 shares of the restaurant operator's stock worth $25,938,000 after buying an additional 766,910 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Wendy's by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,303,279 shares of the restaurant operator's stock valued at $102,743,000 after acquiring an additional 458,106 shares in the last quarter. Norges Bank acquired a new stake in shares of Wendy's in the fourth quarter valued at about $4,318,000. Finally, Amundi raised its holdings in Wendy's by 7,752.6% during the fourth quarter. Amundi now owns 190,032 shares of the restaurant operator's stock worth $2,885,000 after acquiring an additional 187,612 shares in the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

Wendy's Price Performance

NASDAQ:WEN traded down $0.10 during trading hours on Friday, reaching $12.79. 4,761,645 shares of the company were exchanged, compared to its average volume of 4,180,427. The company has a market capitalization of $2.51 billion, a P/E ratio of 13.46, a P/E/G ratio of 2.00 and a beta of 0.61. 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 business has a 50 day moving average of $14.69 and a 200 day moving average of $16.43. The Wendy's Company has a 1-year low of $12.05 and a 1-year high of $20.65.

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Wendy's (NASDAQ:WEN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $574.27 million during the quarter, compared to the consensus estimate of $564.17 million. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. Research analysts forecast that The Wendy's Company will post 0.99 EPS for the current year.

Wendy's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 7.82%. Wendy's's dividend payout ratio is currently 105.26%.

Analyst Ratings Changes

Several research firms have weighed in on WEN. 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, February 19th. Citigroup upped their price target on shares of Wendy's from $15.50 to $16.50 and gave the stock a "neutral" rating in a research report on Friday, March 7th. Royal Bank of Canada reissued a "sector perform" rating and issued a $17.00 price objective on shares of Wendy's in a research report on Tuesday, March 4th. Truist Financial dropped their target price on shares of Wendy's from $22.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, Argus upgraded Wendy's to a "strong-buy" rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.08.

About Wendy's

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.