Several hedge funds and investors have changed their stakes in Wendy’s (WEN). AQR Capital increased its investment by 76.8%, now owning 6.81 million shares worth $115.56 million. Point72 Asset Management bought $42.08 million in shares, while Squarepoint Ops raised its stake by 113.6%, owning 3.49 million shares valued at $59.21 million. Vanguard Group also increased its holding by 6.4% to 21.1 million shares worth $397.47 million. Overall, institutional investors own 85.96% of WEN stock.
Wendys Stock Performance
Wendys stock opened at $17.38. The company’s 12-month low is $15.61, and the high is $20.65. Its current ratio is 2.17, quick ratio is 2.15, and debt-to-equity ratio stands at 12.01. Wendys has a market cap of $3.57 billion and operates with a P/E ratio of 17.56.
Wendy’s reported its quarterly earnings on August 1, with an EPS of $0.27, missing estimates by $0.01, and revenue of $570.73 million, below the expected $577.15 million. The company anticipates an annual EPS of $0.98.
Dividend Announcement
Wendy’s recently paid a quarterly dividend of $0.25, with an annualized dividend of $1.00, representing a yield of 5.75%. The payout ratio is 101.01%.
Insider Trading
Director Matthew H. Peltz sold 1 million shares on August 8 for $17.18 each, totaling $17.18 million. He now owns around 14.94 million shares valued at approximately $256.73 million. Insiders hold 17.10% of the stock.
Analyst Ratings
Recent analyst comments on WEN include Morgan Stanley, which lowered its target from $20 to $19. Truist Financial reduced its target from $22 to $21, while JPMorgan raised its target from $20 to $22. Currently, WEN has an average rating of “Hold” with a target price of $20.24.
Check Out Our Latest Stock Report on Wendys
Wendys Company Overview
(Free Report) Wendy’s operates quick-service restaurants in the U.S. and internationally, focusing on hamburger sandwiches.
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Interested in which hedge funds hold WEN? Visit HoldingsChannel.com for the latest filings and trades related to Wendys (NASDAQ:WEN Free Report).
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