Commerce Bank purchased a new position in shares of Wendys Co (NASDAQ:WEN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,361 shares of the restaurant operator’s stock, valued at approximately $410,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFG Advisors LP lifted its position in Wendys by 50.2% in the 2nd quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 2,344 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Wendys by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 692 shares in the last quarter. Riverhead Capital Management LLC lifted its position in Wendys by 75.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after acquiring an additional 4,012 shares in the last quarter. Sigma Planning Corp lifted its position in Wendys by 0.5% in the 2nd quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock valued at $174,000 after acquiring an additional 51 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Wendys in the 2nd quarter valued at approximately $219,000. 76.42% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on the company. UBS reissued a “sell” rating and set a $13.00 price target (up from $12.00) on shares of Wendys in a report on Thursday, August 10th. Zacks Investment Research cut Wendys from a “buy” rating to a “hold” rating in a report on Friday, August 11th. BMO Capital Markets restated a “buy” rating on shares of Wendys in a research note on Friday, August 11th. SunTrust Banks restated a “buy” rating and issued a $18.00 price objective on shares of Wendys in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $16.00 price objective on shares of Wendys in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $16.21.
Shares of Wendys Co (NASDAQ:WEN) traded down $0.12 during midday trading on Thursday, reaching $14.95. 2,221,669 shares of the company’s stock traded hands, compared to its average volume of 2,931,238. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83. The company has a market capitalization of $3,722.56, a P/E ratio of 37.49, a P/E/G ratio of 2.71 and a beta of 0.93. Wendys Co has a twelve month low of $13.03 and a twelve month high of $16.66.
Wendys (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The firm had revenue of $308.00 million during the quarter. Wendys had a return on equity of 20.35% and a net margin of 5.20%. Wendys’s revenue was down 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 earnings per share. research analysts predict that Wendys Co will post 0.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, November 30th. Wendys’s dividend payout ratio (DPR) is presently 112.00%.
In related news, insider E.J. Wunsch sold 3,548 shares of Wendys stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total transaction of $54,745.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott A. Weisberg acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $14.29 per share, for a total transaction of $142,900.00. Following the completion of the acquisition, the insider now owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The disclosure for this purchase can be found here. Company insiders own 26.50% of the company’s stock.
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The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.
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