Stratos Wealth Partners LTD. boosted its stake in shares of Wendy’s Company (The) (NASDAQ:WEN) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 24,252 shares of the restaurant operator’s stock after buying an additional 10 shares during the period. Stratos Wealth Partners LTD.’s holdings in Wendy’s Company (The) were worth $376,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Gateway Investment Advisers LLC increased its stake in Wendy’s Company (The) by 38.3% in the first quarter. Gateway Investment Advisers LLC now owns 613,689 shares of the restaurant operator’s stock valued at $8,352,000 after buying an additional 169,793 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in Wendy’s Company (The) during the first quarter valued at $235,000. Glen Harbor Capital Management LLC increased its stake in Wendy’s Company (The) by 1.3% in the first quarter. Glen Harbor Capital Management LLC now owns 16,082 shares of the restaurant operator’s stock valued at $219,000 after buying an additional 204 shares during the last quarter. Pecaut & CO. purchased a new stake in Wendy’s Company (The) during the first quarter valued at $461,000. Finally, IFP Advisors Inc increased its stake in Wendy’s Company (The) by 13.2% in the first quarter. IFP Advisors Inc now owns 41,549 shares of the restaurant operator’s stock valued at $565,000 after buying an additional 4,852 shares during the last quarter. Institutional investors and hedge funds own 77.76% of the company’s stock.

Wendy’s Company (WEN) opened at 15.22 on Wednesday. Wendy’s Company has a 12 month low of $9.39 and a 12 month high of $16.66. The stock has a market cap of $3.74 billion, a P/E ratio of 30.87 and a beta of 0.97. The firm’s 50-day moving average price is $15.54 and its 200-day moving average price is $14.66.

Wendy’s Company (The) (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.05. Wendy’s Company (The) had a net margin of 9.43% and a return on equity of 16.31%. On average, analysts predict that Wendy’s Company will post $0.46 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.07 dividend. 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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Several analysts have weighed in on WEN shares. Zacks Investment Research upgraded Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, April 19th. BMO Capital Markets started coverage on Wendy’s Company (The) in a research note on Friday, April 21st. They set an “outperform” rating and a $17.00 price target on the stock. Vetr upgraded Wendy’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $16.92 price target on the stock in a research note on Wednesday, April 26th. Stephens boosted their price target on Wendy’s Company (The) from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, May 11th. Finally, SunTrust Banks, Inc. set a $18.00 price target on Wendy’s Company (The) and gave the company a “buy” rating in a research note on Thursday, May 11th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Wendy’s Company (The) 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 Wendy’s Company (The) stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $15.97, for a total value of $87,835,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 26.50% of the stock is currently owned by insiders.

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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