S.A. Mason LLC Sells 1,800 Shares of The Wendy’s Company (NASDAQ:WEN)

S.A. Mason LLC lessened its position in shares of The Wendy’s Company (NASDAQ:WENFree Report) by 26.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,000 shares of the restaurant operator’s stock after selling 1,800 shares during the period. S.A. Mason LLC’s holdings in Wendy’s were worth $88,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WEN. Strategic Investment Solutions Inc. IL bought a new position in Wendy’s during the second quarter worth about $27,000. Salomon & Ludwin LLC boosted its stake 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 buying an additional 1,240 shares during the period. Quarry LP acquired a new stake in shares of Wendy’s during the 2nd quarter worth $30,000. International Assets Investment Management LLC acquired a new position in Wendy’s during the second quarter valued at approximately $33,000. Finally, Bessemer Group Inc. lifted its position in shares of Wendy’s by 483.2% during the 1st quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator’s stock worth $35,000 after buying an additional 1,551 shares during the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.

Insider Activity

In other Wendy’s news, Director Matthew H. Peltz sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $17.18, for a total value of $17,180,000.00. Following the transaction, the director now directly owns 14,943,466 shares in the company, valued at $256,728,745.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 17.10% of the company’s stock.

Wall Street Analyst Weigh In

WEN has been the subject of a number of research reports. Piper Sandler dropped their target price on shares of Wendy’s from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Wolfe Research upgraded Wendy’s to a “strong-buy” rating in a research report on Friday, September 13th. Morgan Stanley lowered their price objective on Wendy’s from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. BMO Capital Markets reduced their target price on shares of Wendy’s from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. Finally, Barclays dropped their price target on shares of Wendy’s from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.22.

View Our Latest Stock Report on Wendy’s

Wendy’s Trading Up 0.1 %

Shares of WEN stock opened at $20.31 on Thursday. The company has a debt-to-equity ratio of 12.01, a quick ratio of 2.15 and a current ratio of 2.17. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.47 and a beta of 0.80. The Wendy’s Company has a 52-week low of $15.61 and a 52-week high of $20.65. The company has a 50-day simple moving average of $17.92 and a two-hundred day simple moving average of $17.71.

Wendy’s (NASDAQ:WENGet Free Report) last released its earnings results on Thursday, August 1st. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $570.73 million during the quarter, compared to the consensus estimate of $577.15 million. Wendy’s had a net margin of 9.18% and a return on equity of 67.74%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Research analysts anticipate that The Wendy’s Company will post 0.98 EPS for the current fiscal year.

Wendy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.92%. Wendy’s’s dividend payout ratio (DPR) is presently 101.01%.

Wendy’s 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.

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Institutional Ownership by Quarter for Wendy's (NASDAQ:WEN)

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