Wendy’s Company (The) (WEN) Shares Sold by IFP Advisors Inc

IFP Advisors Inc decreased its stake in Wendy’s Company (The) (NASDAQ:WEN) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,097 shares of the restaurant operator’s stock after selling 3,547 shares during the quarter. IFP Advisors Inc’s holdings in Wendy’s Company (The) were worth $576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Engineers Gate Manager LP grew its position in shares of Wendy’s Company (The) by 24.0% in the second quarter. Engineers Gate Manager LP now owns 309,979 shares of the restaurant operator’s stock valued at $4,808,000 after purchasing an additional 60,061 shares during the period. BlackRock Inc. grew its position in shares of Wendy’s Company (The) by 11,068.4% in the first quarter. BlackRock Inc. now owns 15,391,009 shares of the restaurant operator’s stock valued at $209,472,000 after purchasing an additional 15,253,200 shares during the period. Morgan Stanley grew its position in shares of Wendy’s Company (The) by 75.4% in the first quarter. Morgan Stanley now owns 860,013 shares of the restaurant operator’s stock valued at $11,705,000 after purchasing an additional 369,666 shares during the period. Neuberger Berman Group LLC grew its position in shares of Wendy’s Company (The) by 3.4% in the second quarter. Neuberger Berman Group LLC now owns 626,854 shares of the restaurant operator’s stock valued at $9,723,000 after purchasing an additional 20,402 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Wendy’s Company (The) by 4.7% in the first quarter. Geode Capital Management LLC now owns 1,602,853 shares of the restaurant operator’s stock valued at $21,814,000 after purchasing an additional 71,581 shares during the period. Institutional investors and hedge funds own 76.55% of the company’s stock.

In other news, insider E.J. Wunsch sold 3,548 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total value of $54,745.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 26.50% of the stock is currently owned by insiders.

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Wendy’s Company (NASDAQ WEN) opened at $15.02 on Monday. The company has a market cap of $3,656.71, a PE ratio of 34.93, a price-to-earnings-growth ratio of 2.43 and a beta of 0.94. Wendy’s Company has a 52 week low of $10.73 and a 52 week high of $16.66. The company has a debt-to-equity ratio of 5.54, a quick ratio of 1.91 and a current ratio of 1.92.

Wendy’s Company (The) (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. equities analysts predict that Wendy’s Company will post 0.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, November 30th. Wendy’s Company (The)’s dividend payout ratio (DPR) is 75.68%.

WEN has been the topic of several research reports. Longbow Research raised shares of Wendy’s Company (The) from a “neutral” rating to a “buy” rating and raised their price target for the stock from $15.23 to $18.00 in a research note on Friday, September 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $16.00 price target on shares of Wendy’s Company (The) in a research note on Tuesday, July 25th. UBS AG reissued a “sell” rating and issued a $13.00 price target (up from $12.00) on shares of Wendy’s Company (The) in a research note on Thursday, August 10th. Stifel Nicolaus initiated coverage on shares of Wendy’s Company (The) in a research note on Monday, October 2nd. They issued a “buy” rating and a $18.00 price target on the stock. Finally, BidaskClub downgraded shares of Wendy’s Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.05.

Wendy’s Company (The) Company Profile

The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.

Institutional Ownership by Quarter for Wendy`s Company (The) (NASDAQ:WEN)

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