Rhumbline Advisers reduced its position in shares of Wendy’s Company (The) (NASDAQ:WEN) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,689 shares of the restaurant operator’s stock after selling 19,116 shares during the period. Rhumbline Advisers owned 0.15% of Wendy’s Company (The) worth $5,889,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Wendy’s Company (The) by 11,068.4% in the first quarter. BlackRock Inc. now owns 15,391,009 shares of the restaurant operator’s stock worth $209,472,000 after buying an additional 15,253,200 shares during the period. Victory Capital Management Inc. raised its position in Wendy’s Company (The) by 81.5% in the first quarter. Victory Capital Management Inc. now owns 7,825,768 shares of the restaurant operator’s stock worth $106,509,000 after buying an additional 3,512,866 shares during the period. Canada Pension Plan Investment Board purchased a new position in Wendy’s Company (The) during the second quarter worth approximately $11,560,000. Goldman Sachs Group Inc. raised its position in Wendy’s Company (The) by 49.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,887,840 shares of the restaurant operator’s stock worth $25,694,000 after buying an additional 622,019 shares during the period. Finally, Vanguard Group Inc. raised its position in Wendy’s Company (The) by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,666,000 shares of the restaurant operator’s stock worth $213,214,000 after buying an additional 592,868 shares during the period. Institutional investors own 76.46% of the company’s stock.

Wendy’s Company (WEN) opened at 14.66 on Wednesday. The stock has a market capitalization of $3.57 billion, a P/E ratio of 38.08 and a beta of 0.97. Wendy’s Company has a 1-year low of $9.82 and a 1-year high of $16.66. The firm’s 50 day moving average is $15.47 and its 200 day moving average is $14.83.

Wendy’s Company (The) (NASDAQ:WEN) last released its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The company had revenue of $320.34 million for the quarter. Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. The business’s quarterly revenue was down 16.3% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. On average, equities research analysts anticipate that Wendy’s Company will post $0.47 earnings per share for the current year.

The business 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. This represents a $0.28 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, August 30th. Wendy’s Company (The)’s dividend payout ratio (DPR) is currently 75.68%.

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WEN has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on shares of Wendy’s Company (The) from $11.00 to $15.00 and gave the company a “sector perform” rating in a research report on Thursday, May 11th. Stephens raised their price objective on shares of Wendy’s Company (The) from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, May 11th. Zacks Investment Research upgraded shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, July 20th. Instinet restated a “neutral” rating and issued a $15.00 price objective (up from $11.00) on shares of Wendy’s Company (The) in a research report on Thursday, May 11th. Finally, Vetr lowered shares of 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. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.64.

In other Wendy’s Company (The) news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 26.50% of the company’s stock.

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.

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

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