ING Groep NV purchased a new position in Wendy’s Company (The) (NASDAQ:WEN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,295 shares of the restaurant operator’s stock, valued at approximately $361,000.

A number of other large investors have also recently made changes to their positions in WEN. Vanguard Group Inc. raised its stake in shares of Wendy’s Company (The) by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,666,000 shares of the restaurant operator’s stock worth $213,214,000 after buying an additional 592,868 shares during the period. BlackRock Inc. raised its stake 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 worth $209,472,000 after buying an additional 15,253,200 shares during the last quarter. Janus Capital Management LLC raised its stake in shares of Wendy’s Company (The) by 0.6% in the first quarter. Janus Capital Management LLC now owns 13,582,736 shares of the restaurant operator’s stock worth $184,861,000 after buying an additional 85,084 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Wendy’s Company (The) by 81.5% in the first quarter. Victory Capital Management Inc. now owns 7,825,768 shares of the restaurant operator’s stock worth $106,509,000 after buying an additional 3,512,866 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Wendy’s Company (The) by 3.5% in the first quarter. State Street Corp now owns 5,707,374 shares of the restaurant operator’s stock worth $77,678,000 after buying an additional 194,240 shares during the last quarter. 77.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wendy’s Company (NASDAQ:WEN) traded up 2.9258% during mid-day trading on Wednesday, reaching $15.6653. 3,663,734 shares of the company traded hands. Wendy’s Company has a 52 week low of $9.39 and a 52 week high of $16.66. The firm has a 50-day moving average price of $15.54 and a 200 day moving average price of $14.66. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 31.7755 and a beta of 0.97.

Wendy’s Company (The) (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $320.34 million during the quarter. Wendy’s Company (The) had a net margin of 9.43% and a return on equity of 16.31%. The business’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. On average, analysts anticipate that Wendy’s Company will post $0.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, August 30th. Wendy’s Company (The)’s dividend payout ratio is presently 58.33%.

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WEN has been the topic of a number of research reports. Zacks Investment Research raised shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, April 19th. BMO Capital Markets initiated coverage on shares of Wendy’s Company (The) in a research note on Friday, April 21st. They set an “outperform” rating and a $17.00 target price on the stock. Vetr lowered shares of Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating and set a $16.92 target price on the stock. in a research note on Monday, May 8th. Barclays PLC lifted their target price on shares of Wendy’s Company (The) from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, May 31st. Finally, BidaskClub lowered shares of Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.73.

In other Wendy’s Company (The) news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $15.97, for a total transaction of $87,835,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 26.50% of the company’s stock.

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.

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

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