Municipal Employees Retirement System of Michigan reduced its stake in shares of Wendy’s Company (The) (NASDAQ:WEN) by 21.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,320 shares of the restaurant operator’s stock after selling 19,590 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Wendy’s Company (The) were worth $1,137,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in WEN. Raymond James Financial Services Advisors Inc. increased its position in shares of Wendy’s Company (The) by 409.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 103,428 shares of the restaurant operator’s stock worth $1,408,000 after buying an additional 83,136 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Wendy’s Company (The) during the first quarter worth approximately $174,000. Sei Investments Co. increased its position in shares of Wendy’s Company (The) by 401.9% in the first quarter. Sei Investments Co. now owns 27,806 shares of the restaurant operator’s stock worth $378,000 after buying an additional 22,266 shares in the last quarter. AMG National Trust Bank increased its position in shares of Wendy’s Company (The) by 12.2% in the first quarter. AMG National Trust Bank now owns 41,360 shares of the restaurant operator’s stock worth $563,000 after buying an additional 4,483 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Wendy’s Company (The) by 24.5% in the first quarter. LS Investment Advisors LLC now owns 17,694 shares of the restaurant operator’s stock worth $241,000 after buying an additional 3,483 shares in the last quarter. 77.76% of the stock is owned by institutional investors.

Shares of Wendy’s Company (NASDAQ WEN) opened at 15.81 on Thursday. The company’s 50-day moving average price is $15.55 and its 200 day moving average price is $14.72. Wendy’s Company has a 1-year low of $9.80 and a 1-year high of $16.66. The stock has a market cap of $3.88 billion, a PE ratio of 32.07 and a beta of 0.97.

Wendy’s Company (The) (NASDAQ:WEN) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Wendy’s Company (The) had a return on equity of 16.31% and a net margin of 9.43%. The firm had revenue of $320.34 million during the quarter, compared to analyst estimates of $301.40 million. During the same quarter last year, the firm earned $0.10 EPS. Wendy’s Company (The)’s quarterly revenue was down 16.3% on a year-over-year basis. Equities analysts forecast that Wendy’s Company will post $0.46 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.77%. Wendy’s Company (The)’s dividend payout ratio (DPR) is presently 58.33%.

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WEN has been the subject of a number of analyst reports. Zacks Investment Research raised Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, April 19th. BMO Capital Markets initiated coverage on Wendy’s Company (The) in a research report on Friday, April 21st. They set an “outperform” rating and a $17.00 price objective for the company. Vetr downgraded Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating and set a $16.92 price objective for the company. in a research report on Monday, May 8th. Barclays PLC boosted their price objective on Wendy’s Company (The) from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 31st. Finally, BidaskClub downgraded Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $15.73.

In other Wendy’s Company (The) news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $15.97, for a total transaction of $87,835,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 26.50% of the stock is owned by company insiders.

About Wendy’s Company (The)

The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.

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Institutional Ownership by Quarter for Wendy`s Company (The) (NASDAQ:WEN)

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