Sei Investments Co. Has $918,000 Stake in Wendys Co (WEN)
Sei Investments Co. lifted its position in shares of Wendys Co (NASDAQ:WEN) by 15.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,081 shares of the restaurant operator’s stock after purchasing an additional 7,986 shares during the period. Sei Investments Co.’s holdings in Wendys were worth $918,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of WEN. Bank of Montreal Can boosted its holdings in shares of Wendys by 317.9% during the second quarter. Bank of Montreal Can now owns 56,410 shares of the restaurant operator’s stock worth $875,000 after purchasing an additional 42,913 shares during the period. Aperio Group LLC boosted its holdings in shares of Wendys by 10.1% during the second quarter. Aperio Group LLC now owns 29,354 shares of the restaurant operator’s stock worth $455,000 after purchasing an additional 2,703 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Wendys by 3.2% during the second quarter. Great West Life Assurance Co. Can now owns 120,505 shares of the restaurant operator’s stock worth $1,868,000 after purchasing an additional 3,752 shares during the period. World Asset Management Inc boosted its holdings in shares of Wendys by 15.4% during the second quarter. World Asset Management Inc now owns 15,112 shares of the restaurant operator’s stock worth $234,000 after purchasing an additional 2,012 shares during the period. Finally, Trexquant Investment LP bought a new position in Wendys in the second quarter worth about $357,000. Institutional investors own 76.42% of the company’s stock.
In other news, insider E.J. Wunsch sold 3,548 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total transaction of $54,745.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott A. Weisberg purchased 10,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $14.29 per share, for a total transaction of $142,900.00. Following the acquisition, the insider now owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The disclosure for this purchase can be found here. 26.50% of the stock is currently owned by company insiders.
Wendys Co (WEN) opened at $15.25 on Friday. Wendys Co has a one year low of $13.03 and a one year high of $16.66. The firm has a market cap of $3,650.00, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 2.65 and a beta of 0.93. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83.
Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). Wendys had a net margin of 5.20% and a return on equity of 20.35%. The business had revenue of $308.00 million for the quarter. During the same period last year, the company earned $0.11 earnings per share. The business’s quarterly revenue was down 15.4% on a year-over-year basis. equities research analysts expect that Wendys Co will post 0.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, November 30th. Wendys’s dividend payout ratio is 112.00%.
A number of research firms recently issued reports on WEN. Zacks Investment Research downgraded shares of Wendys from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. BMO Capital Markets reissued a “buy” rating on shares of Wendys in a research note on Friday, August 11th. SunTrust Banks reissued a “buy” rating and issued a $18.00 price target on shares of Wendys in a research note on Monday, October 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $16.00 price target on shares of Wendys in a research note on Friday, August 11th. Finally, Bank of America reissued a “neutral” rating and issued a $17.00 price target on shares of Wendys in a research note on Monday, August 14th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.21.
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Wendys Company Profile
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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