Several institutional investors have changed their stakes in Wendy’s (WEN). AQR Capital Management increased its share by 76.8%, now owning 6.8 million shares worth $115.5 million after buying 2.96 million more. Point72 Asset Management purchased a new stake valued at $42 million, while Squarepoint Ops boosted its position by 113.6%, owning 3.49 million shares now valued at $59.2 million. Vanguard Group also increased its holdings by 6.4%, owning 21.1 million shares valued at $397.5 million. Institutional investors own 85.96% of the stock.
Wendy’s Stock Performance
Wendy’s stock opened at $17.38, with a 12-month 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 50-day moving average of $17.09. They reported $0.27 EPS for the last quarter, slightly missing expectations.
Dividend Announcement
Wendy’s declared a quarterly dividend of $0.25, paid on September 17, representing an annual yield of 5.75%.
Insider Activity
Director Matthew H. Peltz sold 1 million shares at $17.18, totaling $17.18 million. He now owns about 14.9 million shares.
Analyst Ratings
Analysts have mixed views on WEN stock. Morgan Stanley lowered its target from $20 to $19, while JPMorgan raised it from $20 to $22. Currently, the consensus rating for Wendy’s is “Hold,” with an average price target of $20.24.
Company Overview
The Wendy’s Company operates quick-service restaurants focusing on hamburger sandwiches across the U.S. and internationally.
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