The Wendy’s Company (NASDAQ:WEN) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 12.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,155 shares of the restaurant operator’s stock after selling 4,053 shares during the period. Corient Private Wealth LLC’s holdings in Wendy’s were worth $475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WEN. Blue Trust Inc. grew its holdings in Wendy’s by 670.3% in the 4th quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 1,220 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Wendy’s in the fourth quarter valued at about $30,000. GAMMA Investing LLC increased its position in Wendy’s by 168.1% during the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 1,400 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its position in Wendy’s by 46.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 985 shares during the last quarter. Finally, Transcendent Capital Group LLC raised its stake in Wendy’s by 2,334.5% during the fourth quarter. Transcendent Capital Group LLC now owns 4,869 shares of the restaurant operator’s stock worth $79,000 after purchasing an additional 4,669 shares during the period. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on WEN shares. TD Securities restated a “hold” rating and set a $16.00 price target on shares of Wendy’s in a report on Friday, March 7th. Citigroup increased their price objective on Wendy’s from $15.50 to $16.50 and gave the stock a “neutral” rating in a research report on Friday, March 7th. Truist Financial reduced their target price on Wendy’s from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus lowered their price target on Wendy’s from $17.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $17.00 price objective (down from $20.00) on shares of Wendy’s in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Wendy’s presently has a consensus rating of “Hold” and an average price target of $18.08.

Wendy’s Price Performance

Shares of WEN opened at $14.63 on Friday. The company has a market cap of $2.93 billion, a P/E ratio of 15.40, a PEG ratio of 2.00 and a beta of 0.73. The Wendy’s Company has a fifty-two week low of $13.72 and a fifty-two week high of $20.65. The company has a quick ratio of 1.83, a current ratio of 1.85 and a debt-to-equity ratio of 12.48. The firm’s 50 day moving average price is $14.97 and its 200 day moving average price is $16.76.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Wendy’s had a return on equity of 75.56% and a net margin of 8.65%. The business had revenue of $574.27 million for the quarter, compared to analysts’ expectations of $564.17 million. On average, research analysts forecast that The Wendy’s Company will post 0.99 earnings per share for the current fiscal year.

Wendy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date was Monday, March 3rd. Wendy’s’s dividend payout ratio is presently 105.26%.

Wendy’s Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.