Several hedge funds and institutional investors have changed their holdings in Wendy’s (WEN). AQR Capital Management increased its stake by 76.8%, owning 6.8 million shares worth about $115.6 million. Point72 Asset Management acquired shares valued at $42 million. Squarepoint Ops raised its stake by 113.6%, holding 3.5 million shares worth around $59.2 million. Vanguard Group increased its holdings to 21.1 million shares valued at $397.5 million, marking a 6.4% increase. Capital Research bought a new stake valued at $20.6 million. Institutional investors now hold 85.96% of the company.
Wendys Stock Performance
Wendys stock opened at $17.38. It has ranged from a low of $15.61 to a high of $20.65 in the last year. Key financial metrics include a current ratio of 2.17, a quick ratio of 2.15, and a high debt-to-equity ratio of 12.01. The market cap is $3.57 billion, with a price-to-earnings ratio of 17.56.
Wendy’s reported earnings on August 1, revealing $0.27 EPS, a bit below the expected $0.28. Revenue was $570.7 million, slightly under analysts’ expectations of $577.2 million, but up 1.6% from the previous year. Analysts predict an EPS of 0.98 for the current year.
Dividend Announcement
Wendy’s recently paid a $0.25 quarterly dividend on September 17 to investors who held shares on September 3. This amounts to an annual dividend of $1.00, offering a yield of 5.75% and a payout ratio of 101.01%.
Insider Activity
Director Matthew H. Peltz sold 1 million shares on August 8 for $17.18 each, totaling $17.2 million. He still holds 14.9 million shares valued at about $256.7 million. Company insiders own 17.10% of the shares.
Analyst Ratings
Recent analyst reviews indicate mixed opinions on Wendy’s stock. Morgan Stanley reduced its price target from $20 to $19. Truist Financial cut its target from $22 to $21 but maintains a “buy” rating. Other firms have adjusted their targets but the consensus rating is “Hold” with an average price target of $20.24.
Check Out Our Latest Stock Report on Wendys
Company Profile
The Wendy’s Company operates quick-service restaurants in the U.S. and internationally, focusing on hamburger sandwiches.
Featured Stories
- Five stocks we like better than Wendys
- How to Use High Beta Stocks to Maximize Your Investing Profits
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- The 3 Best Retail Stocks to Shop for in August
- Nikes Post-Earnings Drop Presents a Buying Opportunity
- Retail Stocks Investing, Explained
- Microsofts Targeted Upside Might Be Too Good to Ignore
Want to see what other hedge funds are holding WEN? Visit HoldingsChannel.com for the latest filings and insider trades of The Wendy’s Company (NASDAQ:WEN).
Receive Daily News & Ratings for Wendy’s – Enter your email address to get a concise daily summary of the latest news and analyst ratings for Wendy’s with MarketBeat.com’s FREE daily email newsletter.
`
