1 week Ago By ABMN Staff
Barclays PLC boosted its position in The Wendy’s Company ( NASDAQ:WEN – Free Report ) by 371.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,256 shares of the restaurant operator’s stock after buying an additional 199,496 shares during the quarter.
Barclays PLC owned approximately 0.12% of Wendy’s worth $4,127,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently bought and sold shares of WEN.
Sterling Capital Management LLC increased its holdings in shares of Wendy’s by 35.7% in the 4th quarter. Sterling Capital Management LLC now owns 6,625 shares of the restaurant operator’s stock valued at $108,000 after acquiring an additional 1,742 shares during the last quarter.
Quinn Opportunity Partners LLC bought a new position in shares of Wendy’s in the 4th quarter worth about $717,000. Raymond James Financial Inc. acquired a new stake in Wendy’s during the fourth quarter worth about $824,000.
Advisory Services Network LLC bought a new position in Wendy’s in the fourth quarter worth about $437,000. Finally, Renaissance Technologies LLC acquired a new position in Wendy’s in the fourth quarter valued at approximately $886,000. Institutional investors and hedge funds own 85.
96% of the company’s stock. Wendy’s Price Performance NASDAQ WEN opened at $12.78 on Monday.
The stock’s 50-day moving average price is $14.33 and its two-hundred day moving average price is $16.08.
The company has a market cap of $2.51 billion, a PE ratio of 13.45, a PEG ratio of 2.
00 and a beta of 0.61. The company has a current ratio of 1.
85, a quick ratio of 1.83 and a debt-to-equity ratio of 12.48.
The Wendy’s Company has a 1 year low of $12.05 and a 1 year high of $20.65.
Wendy’s Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share.
This represents a $1.00 annualized dividend and a dividend yield of 7.82%.
The ex-dividend date was Monday, March 3rd. Wendy’s’s dividend payout ratio is currently 105.26%.
Wall Street Analyst Weigh In Several analysts recently issued reports on WEN shares. The Goldman Sachs Group cut their price target on Wendy’s from $17.00 to $15.
00 and set a “sell” rating on the stock in a report on Thursday, February 6th. Barclays dropped their price objective on shares of Wendy’s from $17.00 to $14.
00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $17.
00 target price (down from $20.00) on shares of Wendy’s in a research note on Wednesday, February 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $17.
00 price target on shares of Wendy’s in a research note on Tuesday, March 4th. Finally, Wedbush reissued a “neutral” rating and set a $16.00 price target 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 issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.69.
Read Our Latest Report on Wendy’s Wendy’s 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. Featured Articles 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.
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