Janus Henderson Group PLC Decreases Position in Wendys Co (WEN)
Janus Henderson Group PLC cut its stake in Wendys Co (NASDAQ:WEN) by 50.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,112,117 shares of the restaurant operator’s stock after selling 6,102,526 shares during the quarter. Janus Henderson Group PLC owned approximately 2.52% of Wendys worth $94,921,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of WEN. Jane Street Group LLC acquired a new stake in Wendys in the 3rd quarter valued at about $926,000. Boothbay Fund Management LLC raised its holdings in Wendys by 44.5% in the 3rd quarter. Boothbay Fund Management LLC now owns 60,706 shares of the restaurant operator’s stock valued at $943,000 after acquiring an additional 18,688 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Wendys by 67.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 988,592 shares of the restaurant operator’s stock valued at $15,353,000 after acquiring an additional 399,664 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Wendys by 2.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 695,775 shares of the restaurant operator’s stock valued at $10,806,000 after acquiring an additional 19,370 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Wendys by 4.3% in the 3rd quarter. Wells Fargo & Company MN now owns 7,960,038 shares of the restaurant operator’s stock valued at $123,620,000 after acquiring an additional 329,659 shares during the last quarter. 76.42% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Scott A. Weisberg bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $14.29 per share, for a total transaction of $142,900.00. Following the acquisition, the insider now owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider E.J. Wunsch sold 3,548 shares of Wendys stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total transaction of $54,745.64. The disclosure for this sale can be found here. 26.50% of the stock is currently owned by company insiders.
Shares of Wendys Co (NASDAQ:WEN) opened at $15.36 on Friday. The stock has a market cap of $3,740.00, a P/E ratio of 37.54, a PEG ratio of 2.71 and a beta of 0.93. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83. Wendys Co has a 1-year low of $13.03 and a 1-year high of $16.66.
Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Wendys had a net margin of 5.20% and a return on equity of 20.35%. The company had revenue of $308.00 million during the quarter. During the same period in the previous year, the business earned $0.11 EPS. The business’s revenue was down 15.4% compared to the same quarter last year. research analysts forecast that Wendys Co will post 0.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.07 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 1.82%. Wendys’s dividend payout ratio (DPR) is presently 112.00%.
A number of analysts have commented on WEN shares. BidaskClub downgraded shares of Wendys from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. Longbow Research upgraded shares of Wendys from a “neutral” rating to a “buy” rating and increased their price objective for the company from $15.23 to $18.00 in a report on Friday, September 15th. SunTrust Banks reiterated a “buy” rating and issued a $18.00 price objective on shares of Wendys in a report on Monday, October 2nd. Stifel Nicolaus started coverage on shares of Wendys in a report on Monday, October 2nd. They set a “buy” rating and a $18.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Wendys from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Wendys currently has a consensus rating of “Hold” and a consensus price target of $16.21.
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Wendys 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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