AGF Management Ltd. decreased its position in shares of The Wendy's Company (NASDAQ:WEN - Free Report) by 23.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,706 shares of the restaurant operator's stock after selling 42,774 shares during the period. AGF Management Ltd. owned about 0.07% of Wendy's worth $2,294,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Wendy's by 670.3% during the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator's stock worth $25,000 after buying an additional 1,220 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Wendy's during the 4th quarter valued at $30,000. GAMMA Investing LLC grew its holdings in Wendy's by 168.1% during the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator's stock worth $36,000 after acquiring an additional 1,400 shares in the last quarter. AM Squared Ltd acquired a new position in Wendy's during the 3rd quarter worth $49,000. Finally, Bartlett & CO. Wealth Management LLC increased its position in shares of Wendy's by 46.4% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator's stock worth $51,000 after purchasing an additional 985 shares during the last quarter. Institutional investors and hedge funds own 85.96% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on WEN. Argus upgraded Wendy's to a "strong-buy" rating in a research note on Tuesday, February 18th. Stephens reiterated an "equal weight" rating and issued a $15.00 target price on shares of Wendy's in a research report on Thursday, March 6th. UBS Group upped their price target on Wendy's from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, March 7th. Stifel Nicolaus decreased their price objective on shares of Wendy's from $17.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday, February 19th. Finally, TD Securities reissued a "hold" rating and set a $16.00 target price on shares of Wendy's in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $18.08.
View Our Latest Research Report on WEN
Wendy's Stock Performance
Shares of NASDAQ WEN traded down $0.19 during midday trading on Wednesday, reaching $15.28. 3,447,331 shares of the company traded hands, compared to its average volume of 3,935,771. The stock has a 50-day moving average price of $14.97 and a 200 day moving average price of $16.86. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 16.08, a PEG 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 52 week low of $13.72 and a 52 week high of $20.65.
Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $574.27 million for 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%. Sell-side analysts anticipate that The Wendy's Company will post 0.99 earnings per share for the current fiscal year.
Wendy's Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend was Monday, March 3rd. Wendy's's dividend payout ratio (DPR) is presently 105.26%.
About Wendy's
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Free Report)
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.
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