Wendys Co (WEN) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its position in shares of Wendys Co (NASDAQ:WEN) by 10.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,590,557 shares of the restaurant operator’s stock after selling 187,644 shares during the quarter. Two Sigma Investments LP’s holdings in Wendys were worth $24,829,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of WEN. Russell Investments Group Ltd. increased its position in shares of Wendys by 3.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 262,285 shares of the restaurant operator’s stock valued at $4,495,000 after purchasing an additional 8,130 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Wendys by 14.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 45,392 shares of the restaurant operator’s stock valued at $778,000 after purchasing an additional 5,582 shares during the period. SG Americas Securities LLC increased its position in shares of Wendys by 32.7% during the 3rd quarter. SG Americas Securities LLC now owns 75,338 shares of the restaurant operator’s stock valued at $1,291,000 after purchasing an additional 18,565 shares during the period. JPMorgan Chase & Co. increased its position in shares of Wendys by 64.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 194,086 shares of the restaurant operator’s stock valued at $3,326,000 after purchasing an additional 76,279 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Wendys by 74.6% during the 3rd quarter. Prudential Financial Inc. now owns 202,571 shares of the restaurant operator’s stock valued at $3,472,000 after purchasing an additional 86,550 shares during the period. Institutional investors own 74.69% of the company’s stock.

WEN traded down $0.20 during trading on Wednesday, reaching $16.35. 441,411 shares of the stock traded hands, compared to its average volume of 5,187,364. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 2.03 and a beta of 0.77. Wendys Co has a fifty-two week low of $14.96 and a fifty-two week high of $18.68. The company has a current ratio of 2.34, a quick ratio of 2.33 and a debt-to-equity ratio of 4.25.

Wendys (NASDAQ:WEN) last released its quarterly earnings data on Thursday, February 21st. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Wendys had a return on equity of 24.68% and a net margin of 28.94%. The firm had revenue of $397.82 million during the quarter, compared to analysts’ expectations of $399.89 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 28.6% on a year-over-year basis. As a group, sell-side analysts forecast that Wendys Co will post 0.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.10 per share. This is a positive change from Wendys’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 28th. Wendys’s dividend payout ratio (DPR) is 67.80%.

Several equities research analysts have recently weighed in on WEN shares. BidaskClub raised Wendys from a “hold” rating to a “buy” rating in a research note on Thursday, November 22nd. Stifel Nicolaus cut Wendys from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Wedbush cut Wendys from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $17.50 in a research report on Wednesday, January 9th. Oppenheimer raised Wendys from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Wednesday, January 9th. Finally, CIBC raised Wendys from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Wednesday, January 9th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $19.73.

In other Wendys news, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $17.11, for a total transaction of $51,330,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Abigail E. Pringle sold 8,897 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $17.35, for a total value of $154,362.95. Following the transaction, the insider now owns 100,917 shares in the company, valued at $1,750,909.95. The disclosure for this sale can be found here. 23.10% of the stock is owned by company insiders.

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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.

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Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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