Several hedge funds have changed their investments in Wendy’s (WEN). AQR Capital raised its stake by 76.8%, now holding 6.8 million shares valued at $115.6 million. Point72 Asset Management initiated a new investment worth $42.1 million. Squarepoint Ops increased its stake by 113.6%, owning 3.5 million shares worth $59.2 million. Vanguard Group raised its position by 6.4%, now holding 21.1 million shares valued at $397.5 million. Capital Research also acquired a new stake valued at about $20.6 million. Overall, institutional investors own 85.96% of Wendy’s stock.
Wendys Stock Performance
Wendy’s stock opened at $17.38. Over the past year, the stock hit a low of $15.61 and a high of $20.65. The company has a market cap of $3.57 billion, a P/E ratio of 17.56, and a current ratio of 2.17.
Recent Earnings
Wendys reported quarterly earnings on August 1st, posting an EPS of $0.27, slightly below the expected $0.28, with revenues of $570.7 million, missing projections of $577.1 million.
Dividend Announcement
Wendys declared a quarterly dividend of $0.25, paid on September 17th, with an annual yield of 5.75%.
Insider Activity
Director Matthew H. Peltz sold 1 million shares at $17.18 each, totaling $17.2 million. He retains about 14.9 million shares.
Analyst Ratings
Analysts have mixed ratings on Wendys. Morgan Stanley lowered its target price to $19, while JPMorgan increased theirs to $22. Wendys average rating is Hold with a target price of $20.24.
Company Overview
The Wendy’s Company operates quick-service restaurants globally, specializing in hamburgers.
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