Catalyst Capital Advisors LLC decreased its position in Wendy’s Company (The) (NASDAQ:WEN) by 17.8% during the second quarter, Holdings Channel reports. The institutional investor owned 149,900 shares of the restaurant operator’s stock after selling 32,500 shares during the period. Catalyst Capital Advisors LLC’s holdings in Wendy’s Company (The) were worth $2,325,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tyers Asset Management LLC boosted its stake in Wendy’s Company (The) by 1.3% in the first quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock worth $103,000 after buying an additional 96 shares during the period. Elkfork Partners LLC boosted its stake in Wendy’s Company (The) by 1.3% in the first quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock worth $142,000 after buying an additional 132 shares during the period. Weiss Asset Management LP acquired a new stake in Wendy’s Company (The) during the first quarter worth $150,000. Sigma Planning Corp boosted its stake in Wendy’s Company (The) by 0.5% in the second quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock worth $174,000 after buying an additional 51 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in Wendy’s Company (The) during the first quarter worth $174,000. Institutional investors own 77.76% of the company’s stock.

Wendy’s Company (NASDAQ WEN) opened at 15.39 on Friday. The firm has a 50-day moving average price of $15.56 and a 200-day moving average price of $14.73. Wendy’s Company has a one year low of $9.82 and a one year high of $16.66. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 39.97 and a beta of 0.97.

Wendy’s Company (The) (NASDAQ:WEN) last issued its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $320.34 million for the quarter, compared to analyst estimates of $298.72 million. Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. The business’s revenue was down 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. Analysts expect that Wendy’s Company will post $0.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.07 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.82%. Wendy’s Company (The)’s payout ratio is presently 75.68%.

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A number of equities research analysts recently 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 issued an “outperform” rating and a $17.00 price target on the stock. Vetr cut Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating and set a $16.92 price target on the stock. in a research note on Monday, May 8th. Barclays PLC increased their price target on 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 cut Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.56.

In other Wendy’s Company (The) news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the business’s stock in a transaction 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 can be accessed through this hyperlink. Insiders own 26.50% of the company’s stock.

About Wendy’s Company (The)

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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