Smithfield Trust Co. continued to hold its position in Wendy’s Company (The) (NASDAQ:WEN) during the second quarter, Holdings Channel reports. The firm owned 6,650 shares of the restaurant operator’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Wendy’s Company (The) were worth $103,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of Wendy’s Company (The) by 83.8% in the second quarter. Sei Investments Co. now owns 51,095 shares of the restaurant operator’s stock worth $792,000 after buying an additional 23,289 shares during the period. World Asset Management Inc boosted its position in shares of Wendy’s Company (The) by 15.4% in the second quarter. World Asset Management Inc now owns 15,112 shares of the restaurant operator’s stock worth $234,000 after buying an additional 2,012 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Wendy’s Company (The) by 3.2% in the second quarter. Great West Life Assurance Co. Can now owns 120,505 shares of the restaurant operator’s stock worth $1,868,000 after buying an additional 3,752 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Wendy’s Company (The) by 74.4% in the second quarter. Janney Montgomery Scott LLC now owns 94,819 shares of the restaurant operator’s stock worth $1,471,000 after buying an additional 40,460 shares during the period. Finally, ING Groep NV bought a new position in shares of Wendy’s Company (The) during the second quarter worth about $361,000. Institutional investors and hedge funds own 77.76% of the company’s stock.

Shares of Wendy’s Company (NASDAQ WEN) opened at 15.81 on Thursday. Wendy’s Company has a 52-week low of $9.80 and a 52-week high of $16.66. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 32.07 and a beta of 0.97. The stock’s 50 day moving average price is $15.55 and its 200-day moving average price is $14.72.

Wendy’s Company (The) (NASDAQ:WEN) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Wendy’s Company (The) had a return on equity of 16.31% and a net margin of 9.43%. The company had revenue of $320.34 million for the quarter, compared to analyst estimates of $301.40 million. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s revenue for the quarter was down 16.3% compared to the same quarter last year. On average, analysts forecast that Wendy’s Company will post $0.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.77%. Wendy’s Company (The)’s payout ratio is 58.33%.

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A number of brokerages have issued reports on WEN. Wedbush restated a “hold” rating on shares of Wendy’s Company (The) in a report on Wednesday. Sanford C. Bernstein restated a “market perform” rating and set a $16.00 target price on shares of Wendy’s Company (The) in a report on Tuesday, July 25th. SunTrust Banks, Inc. set a $18.00 target price on Wendy’s Company (The) and gave the stock a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research upgraded Wendy’s Company (The) from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Finally, Vetr cut Wendy’s Company (The) from a “buy” rating to a “hold” rating and set a $16.92 target price on the stock. in a report on Wednesday, May 24th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.73.

In related news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $15.97, for a total transaction of $87,835,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 26.50% of the stock is owned by corporate 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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