California State Teachers Retirement System grew its holdings in shares of Wendys Co (NASDAQ:WEN) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 303,607 shares of the restaurant operator’s stock after purchasing an additional 6,039 shares during the period. California State Teachers Retirement System owned approximately 0.13% of Wendys worth $4,739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WEN. Oregon Public Employees Retirement Fund increased its position in Wendys by 1,553.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,163,242 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 1,092,875 shares during the period. Canada Pension Plan Investment Board increased its position in Wendys by 114.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,450,116 shares of the restaurant operator’s stock worth $24,855,000 after purchasing an additional 775,116 shares during the period. BlackRock Inc. increased its position in Wendys by 4.2% during the 3rd quarter. BlackRock Inc. now owns 16,211,392 shares of the restaurant operator’s stock worth $277,863,000 after purchasing an additional 652,622 shares during the period. Man Group plc boosted its stake in shares of Wendys by 172.6% during the 3rd quarter. Man Group plc now owns 753,546 shares of the restaurant operator’s stock worth $12,916,000 after acquiring an additional 477,110 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of Wendys during the 3rd quarter worth approximately $5,999,000. Institutional investors own 76.22% of the company’s stock.

In other Wendys news, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $17.11, for a total transaction of $51,330,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Abigail E. Pringle sold 8,897 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $17.35, for a total value of $154,362.95. Following the transaction, the insider now directly owns 100,917 shares in the company, valued at approximately $1,750,909.95. The disclosure for this sale can be found here. 23.10% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently commented on WEN shares. Stifel Nicolaus lowered Wendys from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. Oppenheimer raised Wendys from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Wednesday, January 9th. Wedbush lowered Wendys from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $17.50 in a research note on Wednesday, January 9th. ValuEngine lowered Wendys from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, Mizuho lowered Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Wednesday, March 20th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.73.

WEN stock opened at $17.30 on Thursday. Wendys Co has a 1 year low of $14.96 and a 1 year high of $18.68. The company has a debt-to-equity ratio of 4.25, a quick ratio of 2.33 and a current ratio of 2.34. The company has a market capitalization of $4.02 billion, a P/E ratio of 29.32, a P/E/G ratio of 2.06 and a beta of 0.77.

Wendys (NASDAQ:WEN) last posted its earnings results on Thursday, February 21st. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Wendys had a return on equity of 24.68% and a net margin of 28.94%. The firm had revenue of $397.82 million for the quarter, compared to analyst estimates of $399.89 million. During the same quarter in the prior year, the company earned $0.09 EPS. Wendys’s revenue was up 28.6% on a year-over-year basis. Analysts expect that Wendys Co will post 0.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.31%. This is a positive change from Wendys’s previous quarterly dividend of $0.09. Wendys’s dividend payout ratio is presently 67.80%.

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Wendys Company Profile

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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