BlackRock Inc. raised its stake in Wendy’s Company (The) (NASDAQ:WEN) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,883 shares of the company’s stock after buying an additional 2,584 shares during the period. BlackRock Inc. owned about 0.05% of Wendy’s Company (The) worth $1,542,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Capstone Asset Management Co. increased its stake in Wendy’s Company (The) by 13.8% in the second quarter. Capstone Asset Management Co. now owns 31,218 shares of the company’s stock worth $300,000 after buying an additional 3,775 shares during the period. IBM Retirement Fund increased its stake in Wendy’s Company (The) by 3.1% in the second quarter. IBM Retirement Fund now owns 21,175 shares of the company’s stock worth $204,000 after buying an additional 645 shares during the period. LS Investment Advisors LLC increased its stake in Wendy’s Company (The) by 67.1% in the second quarter. LS Investment Advisors LLC now owns 13,324 shares of the company’s stock worth $128,000 after buying an additional 5,350 shares during the period. RS Investment Management Co. LLC increased its stake in Wendy’s Company (The) by 87.2% in the second quarter. RS Investment Management Co. LLC now owns 3,276,030 shares of the company’s stock worth $31,515,000 after buying an additional 1,526,300 shares during the period. Finally, Huntington National Bank increased its stake in Wendy’s Company (The) by 35.0% in the second quarter. Huntington National Bank now owns 30,245 shares of the company’s stock worth $291,000 after buying an additional 7,841 shares during the period. Institutional investors and hedge funds own 83.58% of the company’s stock.

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

Shares of Wendy’s Company (NASDAQ:WEN) opened at 13.89 on Friday. The company has a 50-day moving average of $13.35 and a 200-day moving average of $11.05. Wendy’s Company has a one year low of $8.89 and a one year high of $14.07. The company has a market capitalization of $3.57 billion, a PE ratio of 20.19 and a beta of 0.86.

Wendy’s Company (The) (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $364 million for the quarter, compared to analysts’ expectations of $350.35 million. Wendy’s Company (The) had a net margin of 11.74% and a return on equity of 16.62%. The business’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. On average, analysts anticipate that Wendy’s Company will post $0.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.87%. This is a boost from Wendy’s Company (The)’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 29th. Wendy’s Company (The)’s dividend payout ratio (DPR) is currently 38.24%.

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A number of equities research analysts have weighed in on the company. Stephens restated an “overweight” rating and issued a $15.00 target price on shares of Wendy’s Company (The) in a research report on Monday, December 19th. Longbow Research cut Wendy’s Company (The) from a “buy” rating to a “neutral” rating in a report on Friday, January 6th. RBC Capital Markets reaffirmed a “hold” rating and issued a $13.00 price target on shares of Wendy’s Company (The) in a report on Friday, January 6th. Zacks Investment Research cut Wendy’s Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Goldman Sachs Group, Inc. (The) cut Wendy’s Company (The) from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a report on Monday, November 28th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Wendy’s Company (The) has a consensus rating of “Hold” and a consensus price target of $12.55.

In other news, major shareholder Edward P. Garden purchased 3,743,384 shares of Wendy’s Company (The) stock in a transaction dated Tuesday, December 6th. The shares were bought at an average cost of $12.79 per share, with a total value of $47,877,881.36. Following the completion of the transaction, the insider now directly owns 240,365 shares in the company, valued at approximately $3,074,268.35. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 22.70% of the company’s stock.

About Wendy’s Company (The)

The Wendy’s Company is the parent company of its 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 the restaurant company specializing in the hamburger sandwich segment.

5 Day Chart for NASDAQ:WEN

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