2 weeks Ago By ABMN Staff
Intech Investment Management LLC purchased a new stake in The Wendy’s Company ( NASDAQ:WEN – Free Report ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,820 shares of the restaurant operator’s stock, valued at approximately $251,000. Several other hedge funds also recently made changes to their positions in the stock.
Arizona State Retirement System grew its position in shares of Wendy’s by 1.5% in the second quarter. Arizona State Retirement System now owns 48,893 shares of the restaurant operator’s stock valued at $829,000 after purchasing an additional 711 shares in the last quarter.
Janney Montgomery Scott LLC grew its position in shares of Wendy’s by 5.6% in the first quarter. Janney Montgomery Scott LLC now owns 15,170 shares of the restaurant operator’s stock valued at $286,000 after purchasing an additional 801 shares in the last quarter.
State of Michigan Retirement System grew its position in shares of Wendy’s by 2.2% in the first quarter. State of Michigan Retirement System now owns 40,985 shares of the restaurant operator’s stock valued at $772,000 after purchasing an additional 900 shares in the last quarter.
Mercer Global Advisors Inc. ADV grew its position in shares of Wendy’s by 2.1% in the second quarter.
Mercer Global Advisors Inc. ADV now owns 46,945 shares of the restaurant operator’s stock valued at $796,000 after purchasing an additional 953 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its position in shares of Wendy’s by 378.
0% in the first quarter. Salomon & Ludwin LLC now owns 1,568 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 1,240 shares in the last quarter. 85.
96% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity In other news, Director Matthew H. Peltz sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, August 8th.
The stock was sold at an average price of $17.18, for a total value of $17,180,000.00.
Following the completion of the sale, the director now owns 14,943,466 shares of the company’s stock, valued at approximately $256,728,745.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink .
17.10% of the stock is currently owned by corporate insiders. Analyst Ratings Changes View Our Latest Stock Analysis on Wendy’s Wendy’s Trading Up 0.
6 % Shares of WEN stock opened at $17.79 on Friday. The company has a quick ratio of 2.
15, a current ratio of 2.17 and a debt-to-equity ratio of 12.01.
The business has a 50-day moving average price of $17.07 and a two-hundred day moving average price of $17.66.
The Wendy’s Company has a 12-month low of $15.61 and a 12-month high of $20.65.
The firm has a market cap of $3.65 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 2.
33 and a beta of 0.80. Wendy’s ( NASDAQ:WEN – Get Free Report ) last released its earnings results on Thursday, August 1st.
The restaurant operator reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.
01). Wendy’s had a net margin of 9.18% and a return on equity of 67.
74%. The company had revenue of $570.73 million during the quarter, compared to the consensus estimate of $577.
15 million. During the same period last year, the firm posted $0.28 EPS.
The company’s revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that The Wendy’s Company will post 0.
98 EPS for the current fiscal year. Wendy’s Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.
25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.
62%. The ex-dividend date was Tuesday, September 3rd. Wendy’s’s dividend payout ratio (DPR) is presently 101.
01%. Wendy’s Company Profile ( Free Report ) The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.
S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.
Recommended Stories 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.
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