Poinciana Advisors Group LLC Acquires New Holdings in The Wendy's Company (NASDAQ:WEN)

Poinciana Advisors Group LLC bought a new position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 17,444 shares of the restaurant operator's stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Point72 Asset Management L.P. lifted its stake in shares of Wendy's by 159.6% during the third quarter. Point72 Asset Management L.P. now owns 6,440,880 shares of the restaurant operator's stock worth $112,844,000 after purchasing an additional 3,959,480 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Wendy's by 7.8% during 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 buying an additional 458,106 shares during the period. State Street Corp lifted its position in Wendy's by 0.7% during the 3rd quarter. State Street Corp now owns 5,187,593 shares of the restaurant operator's stock worth $90,887,000 after acquiring an additional 37,801 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Wendy's by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,097,836 shares of the restaurant operator's stock worth $54,287,000 after acquiring an additional 115,875 shares during the period. Finally, Victory Capital Management Inc. grew its position in Wendy's by 93.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,591,281 shares of the restaurant operator's stock valued at $25,938,000 after acquiring an additional 766,910 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company's stock.

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Wendy's Stock Performance

WEN stock traded down $0.19 during mid-day trading on Wednesday, reaching $15.28. The company had a trading volume of 3,478,235 shares, compared to its average volume of 3,935,894. 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 $3.06 billion, a P/E ratio of 16.08, a P/E/G ratio of 2.00 and a beta of 0.73. The Wendy's Company has a one year low of $13.72 and a one year high of $20.65. The stock's 50-day simple moving average is $14.97 and its two-hundred day simple moving average is $16.86.

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, 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%. Research analysts anticipate that The Wendy's Company will post 0.99 EPS for the current year.

Wendy's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date was Monday, March 3rd. Wendy's's dividend payout ratio is currently 105.26%.

Analyst Upgrades and Downgrades

WEN has been the subject of a number of analyst reports. 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. The Goldman Sachs Group reduced their price target on Wendy's from $17.00 to $15.00 and set a "sell" rating for the company in a report on Thursday, February 6th. Barclays lifted their price objective on Wendy's from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday, March 7th. Citigroup upped their target price on Wendy's from $15.50 to $16.50 and gave the company a "neutral" rating in a research report on Friday, March 7th. Finally, Stifel Nicolaus cut their target price 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wendy's currently has an average rating of "Hold" and an average target price of $18.08.

Wendy's Company 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.