2 weeks Ago By ABMN Staff
Legal & General Group Plc cut its holdings in shares of The Wendy’s Company ( NASDAQ:WEN – Free Report ) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 291,896 shares of the restaurant operator’s stock after selling 9,907 shares during the period.
Legal & General Group Plc owned approximately 0.14% of Wendy’s worth $4,758,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently made changes to their positions in WEN.
Blue Trust Inc. boosted its position in Wendy’s by 670.3% in the fourth quarter.
Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 1,220 shares during the last quarter. SBI Securities Co.
Ltd. purchased a new position in shares of Wendy’s during the 4th quarter valued at $30,000. GAMMA Investing LLC grew its stake in shares of 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 during the period. Hillsdale Investment Management Inc.
purchased a new stake in Wendy’s in the 4th quarter worth about $46,000. Finally, Bartlett & CO. Wealth Management LLC raised its stake in 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 valued at $51,000 after acquiring an additional 985 shares during the period.
Institutional investors and hedge funds own 85.96% of the company’s stock. Wendy’s Trading Down 0.
7 % Shares of WEN stock opened at $12.59 on Tuesday. 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 firm has a market cap of $2.47 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 2.
00 and a beta of 0.61. The business has a 50-day moving average price of $14.
48 and a two-hundred day moving average price of $16.22. The Wendy’s Company has a 12-month low of $12.
05 and a 12-month high of $20.65. Wendy’s Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th.
Shareholders of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.
00 annualized dividend and a yield of 7.94%. The ex-dividend date of this dividend was Monday, March 3rd.
Wendy’s’s dividend payout ratio is presently 105.26%. Wall Street Analyst Weigh In WEN has been the topic of several research reports.
Citigroup boosted their price target on shares of Wendy’s from $15.50 to $16.50 and gave the company a “neutral” rating in a research report on Friday, March 7th.
Morgan Stanley reiterated an “underweight” rating and issued a $14.00 price target (down from $22.00) on shares of Wendy’s in a research report on Tuesday, January 21st.
Wedbush reissued a “neutral” rating and set a $16.00 price objective on shares of Wendy’s in a report on Friday, March 7th. UBS Group lifted their target price on Wendy’s from $15.
00 to $16.00 and gave the company a “neutral” rating in a report on Friday, March 7th. Finally, Stifel Nicolaus cut their price objective on shares of Wendy’s from $16.
00 to $14.00 and set a “hold” rating for the company in a research report on Tuesday, April 15th. Two equities research 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 stock.
Based on data from MarketBeat.com, Wendy’s has a consensus rating of “Hold” and a consensus target price of $17.97.
View Our Latest Stock Analysis on Wendy’s Wendy’s Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding WEN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Wendy’s Company ( NASDAQ:WEN – Free Report ). Receive News & Ratings for Wendy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's and related companies with MarketBeat.com's FREE daily email newsletter .
.
