Wendys Co (WEN) Insider Sells $154,362.95 in Stock

Wendys Co (NASDAQ:WEN) insider Abigail E. Pringle sold 8,897 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $17.35, for a total transaction of $154,362.95. Following the sale, the insider now owns 100,917 shares of the company’s stock, valued at $1,750,909.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

WEN traded down $0.24 during trading on Thursday, hitting $16.45. The company had a trading volume of 4,276,420 shares, compared to its average volume of 3,592,018. The stock has a market capitalization of $3.96 billion, a PE ratio of 27.88, a P/E/G ratio of 1.37 and a beta of 0.80. The company has a debt-to-equity ratio of 4.25, a current ratio of 2.34 and a quick ratio of 2.51. Wendys Co has a 1-year low of $14.96 and a 1-year high of $18.68.

Wendys (NASDAQ:WEN) last issued its earnings results on Thursday, February 21st. The restaurant operator reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The company had revenue of $397.82 million for the quarter, compared to analysts’ expectations of $399.89 million. Wendys had a net margin of 28.94% and a return on equity of 24.68%. The firm’s revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share. On average, equities research analysts forecast that Wendys Co will post 0.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Wendys’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, February 28th. Wendys’s dividend payout ratio is 57.63%.

Several large investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Wendys by 3.1% in the 4th quarter. BlackRock Inc. now owns 16,707,749 shares of the restaurant operator’s stock worth $260,806,000 after acquiring an additional 496,357 shares during the period. Vanguard Group Inc increased its holdings in shares of Wendys by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 16,598,478 shares of the restaurant operator’s stock worth $284,498,000 after acquiring an additional 220,643 shares during the period. Vanguard Group Inc. increased its holdings in shares of Wendys by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 16,598,478 shares of the restaurant operator’s stock worth $284,498,000 after acquiring an additional 220,643 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Wendys by 0.4% in the 3rd quarter. Wells Fargo & Company MN now owns 9,875,077 shares of the restaurant operator’s stock worth $169,259,000 after acquiring an additional 37,221 shares during the period. Finally, Norges Bank acquired a new stake in shares of Wendys in the 4th quarter worth about $56,554,000. 75.62% of the stock is currently owned by institutional investors.

Several research firms have issued reports on WEN. BidaskClub downgraded shares of Wendys from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Wedbush restated a “hold” rating and issued a $17.50 target price on shares of Wendys in a research note on Monday, February 11th. Zacks Investment Research restated a “hold” rating on shares of Wendys in a research note on Saturday, November 17th. ValuEngine upgraded shares of Wendys from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Finally, Mizuho set a $20.00 target price on shares of Wendys and gave the company a “buy” rating in a research note on Thursday, November 8th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.87.

COPYRIGHT VIOLATION WARNING: “Wendys Co (WEN) Insider Sells $154,362.95 in Stock” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.dispatchtribunal.com/2019/03/07/wendys-co-wen-insider-sells-154362-95-in-stock.html.

About Wendys

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.

Featured Story: Penny Stocks, Risk and Reward Factors

Receive News & Ratings for Wendys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendys and related companies with MarketBeat.com's FREE daily email newsletter.