The Wendy's Company (NASDAQ:WEN) Shares Bought by Amundi

Amundi raised its stake in The Wendy's Company (NASDAQ:WEN - Free Report) by 7,752.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 190,032 shares of the restaurant operator's stock after acquiring an additional 187,612 shares during the quarter. Amundi owned approximately 0.09% of Wendy's worth $2,885,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in Wendy's in the 3rd quarter worth about $236,000. Huntington National Bank increased its position in shares of Wendy's by 11.9% during the third quarter. Huntington National Bank now owns 11,844 shares of the restaurant operator's stock worth $208,000 after purchasing an additional 1,256 shares in the last quarter. ING Groep NV purchased a new position in Wendy's in the 3rd quarter valued at $1,034,000. Empowered Funds LLC boosted its stake in Wendy's by 62.5% during the 3rd quarter. Empowered Funds LLC now owns 35,726 shares of the restaurant operator's stock worth $626,000 after purchasing an additional 13,747 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new stake in shares of Wendy's during the third quarter worth $258,000. 85.96% of the stock is owned by institutional investors and hedge funds.

Wendy's Stock Up 1.0 %

WEN traded up $0.15 during trading on Thursday, hitting $15.43. The company had a trading volume of 3,282,898 shares, compared to its average volume of 3,940,270. The company has a market cap of $3.09 billion, a PE ratio of 16.24, a P/E/G ratio of 2.00 and a beta of 0.73. 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 Wendy's Company has a 1-year low of $13.72 and a 1-year high of $20.65. The business has a 50-day moving average of $14.97 and a 200-day moving average of $16.85.

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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 business had revenue of $574.27 million during the quarter, compared to the consensus estimate of $564.17 million. Wendy's had a net margin of 8.65% and a return on equity of 75.56%. As a group, analysts forecast that The Wendy's Company will post 0.99 earnings per share for the current year.

Wendy's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid 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 6.48%. Wendy's's payout ratio is 105.26%.

Analyst Ratings Changes

A number of research firms recently weighed in on WEN. Argus upgraded shares of Wendy's to a "strong-buy" rating in a research report on Tuesday, February 18th. Wedbush reiterated a "neutral" rating and set a $16.00 price target on shares of Wendy's in a report on Friday, March 7th. Stephens reissued an "equal weight" rating and issued a $15.00 price objective on shares of Wendy's in a report on Thursday, March 6th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $17.00 target price on shares of Wendy's in a report on Tuesday, March 4th. Finally, Truist Financial reduced their price target on shares of Wendy's from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.