Blueshift Asset Management LLC Sells 43,177 Shares of The Wendy's Company (NASDAQ:WEN)

Blueshift Asset Management LLC lowered its holdings in The Wendy's Company (NASDAQ:WEN - Free Report) by 71.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,529 shares of the restaurant operator's stock after selling 43,177 shares during the quarter. Blueshift Asset Management LLC's holdings in Wendy's were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WEN. Point72 Asset Management L.P. lifted its holdings in shares of Wendy's by 159.6% in the third quarter. Point72 Asset Management L.P. now owns 6,440,880 shares of the restaurant operator's stock valued at $112,844,000 after purchasing an additional 3,959,480 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 acquiring an additional 458,106 shares in the last quarter. State Street Corp boosted its holdings 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Wendy's by 93.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,591,281 shares of the restaurant operator's stock worth $25,938,000 after acquiring an additional 766,910 shares in the last quarter. Institutional investors own 85.96% of the company's stock.

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Wendy's Stock Performance

WEN stock traded up $0.19 during midday trading on Wednesday, reaching $14.74. 3,386,286 shares of the company's stock traded hands, compared to its average volume of 3,989,982. The Wendy's Company has a 52 week low of $13.72 and a 52 week high of $20.65. The company has a 50-day moving average price of $14.97 and a two-hundred day moving average price of $16.80. The company has a debt-to-equity ratio of 12.48, a quick ratio of 1.83 and a current ratio of 1.85. The firm has a market capitalization of $2.96 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73.

Wendy's (NASDAQ:WEN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Wendy's had a return on equity of 75.56% and a net margin of 8.65%. The business had revenue of $574.27 million for the quarter, compared to analysts' expectations of $564.17 million. As a group, equities analysts anticipate 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. Stockholders of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.78%. Wendy's's dividend payout ratio (DPR) is currently 105.26%.

Analyst Ratings Changes

WEN has been the topic of several analyst reports. Morgan Stanley restated an "underweight" rating and set a $14.00 price target (down from $22.00) on shares of Wendy's in a report on Tuesday, January 21st. Stephens restated an "equal weight" rating and issued a $15.00 target price on shares of Wendy's in a research note on Thursday, March 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $17.00 price target on shares of Wendy's in a research report on Tuesday, March 4th. Truist Financial cut their price objective on Wendy's from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Finally, UBS Group boosted their price target on shares of Wendy's from $15.00 to $16.00 and gave the stock a "neutral" rating 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 given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company 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 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.