Cwm LLC Buys 125,851 Shares of The Wendy's Company (NASDAQ:WEN)

CWM LLC increased its stake in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 254.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,287 shares of the restaurant operator's stock after acquiring an additional 125,851 shares during the period. CWM LLC owned about 0.09% of Wendy's worth $3,071,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Wendy's by 6.4% in the first quarter. Vanguard Group Inc. now owns 21,097,095 shares of the restaurant operator's stock valued at $397,469,000 after purchasing an additional 1,273,140 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Wendy's by 76.8% in the 2nd quarter. AQR Capital Management LLC now owns 6,813,786 shares of the restaurant operator's stock valued at $115,562,000 after acquiring an additional 2,960,526 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Wendy's by 2.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,344,118 shares of the restaurant operator's stock valued at $100,683,000 after acquiring an additional 111,626 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Wendy's by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,094,694 shares of the restaurant operator's stock worth $69,446,000 after acquiring an additional 70,514 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in Wendy's by 113.6% during the second quarter. Squarepoint Ops LLC now owns 3,491,376 shares of the restaurant operator's stock valued at $59,214,000 after purchasing an additional 1,856,970 shares during the last quarter. 85.96% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Matthew H. Peltz sold 1,000,000 shares of Wendy's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $17.18, for a total value of $17,180,000.00. Following the transaction, the director now owns 14,943,466 shares in the company, valued at approximately $256,728,745.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.10% of the company's stock.

Wendy's Stock Performance

Shares of NASDAQ:WEN traded up $0.78 on Monday, reaching $19.40. 8,628,047 shares of the company's stock were exchanged, compared to its average volume of 3,446,510. The Wendy's Company has a twelve month low of $15.61 and a twelve month high of $20.65. The company has a fifty day moving average of $17.27 and a 200-day moving average of $17.61. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.32 and a beta of 0.80. The company has a current ratio of 2.17, a quick ratio of 2.15 and a debt-to-equity ratio of 12.01.

Wendy's (NASDAQ:WEN - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). The company had revenue of $570.73 million for the quarter, compared to the consensus estimate of $577.15 million. Wendy's had a return on equity of 67.74% and a net margin of 9.18%. Wendy's's revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS. On average, research analysts predict that The Wendy's Company will post 0.98 EPS for the current fiscal year.

Wendy's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.15%. The ex-dividend date was Tuesday, September 3rd. Wendy's's dividend payout ratio is currently 101.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WEN shares. Citigroup upped their price objective on Wendy's from $18.00 to $18.75 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th. Truist Financial cut their price target on shares of Wendy's from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, July 9th. Wedbush reiterated a "neutral" rating and issued a $19.50 target price on shares of Wendy's in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on Wendy's from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Finally, Tigress Financial reaffirmed a "buy" rating and issued a $29.00 price objective on shares of Wendy's in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.12.

About Wendy's

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.