Handelsinvest Investeringsforvaltning Has $165,000 Holdings in The Wendy’s Company (NASDAQ:WEN)

Handelsinvest Investeringsforvaltning trimmed its stake in The Wendy’s Company (NASDAQ:WEN) by 34.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,780 shares of the restaurant operator’s stock after selling 4,558 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Wendy’s were worth $165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WEN. Norges Bank bought a new position in shares of Wendy’s during the 4th quarter worth about $27,627,000. Vanguard Group Inc. lifted its holdings in shares of Wendy’s by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 20,248,412 shares of the restaurant operator’s stock worth $413,270,000 after acquiring an additional 1,162,540 shares during the period. Capital Research Global Investors bought a new position in shares of Wendy’s during the 4th quarter worth about $20,574,000. AQR Capital Management LLC lifted its holdings in shares of Wendy’s by 193.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,277,958 shares of the restaurant operator’s stock worth $26,083,000 after acquiring an additional 842,856 shares during the period. Finally, Savoir Faire Capital Management L.P. bought a new position in Wendy’s during the 3rd quarter valued at about $4,297,000. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WEN has been the subject of several analyst reports. Piper Sandler lifted their price target on shares of Wendy’s from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. TD Cowen reissued a “hold” rating and set a $19.00 price target on shares of Wendy’s in a report on Thursday, June 13th. BMO Capital Markets lifted their price target on shares of Wendy’s from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Wedbush lifted their price target on shares of Wendy’s from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Citigroup lifted their price target on shares of Wendy’s from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.79.

Insider Transactions at Wendy’s

In other news, CMO Juan Carlos Loredo sold 44,806 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $19.50, for a total value of $873,717.00. Following the completion of the transaction, the chief marketing officer now owns 27,586 shares of the company’s stock, valued at $537,927. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 17.10% of the company’s stock.

Wendy’s Stock Down 0.1 %

Wendy’s stock opened at $16.28 on Thursday. The stock has a market capitalization of $3.34 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.70 and a beta of 0.76. The Wendy’s Company has a twelve month low of $16.13 and a twelve month high of $22.42. The company has a quick ratio of 2.02, a current ratio of 2.04 and a debt-to-equity ratio of 11.21. The company has a 50 day moving average of $17.77 and a 200-day moving average of $18.52.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. Wendy’s had a net margin of 9.44% and a return on equity of 62.68%. The firm had revenue of $534.80 million for the quarter, compared to analyst estimates of $540.84 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Wendy’s Company will post 1 EPS for the current fiscal year.

Wendy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 6.14%. Wendy’s’s payout ratio is 101.01%.

Wendy’s Profile

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.