The Wendy’s Company (NASDAQ:WEN – Get Free Report) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.25 per share by the restaurant operator on Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.10%.
Wendy’s has increased its dividend by an average of 51.1% annually over the last three years. Wendy’s has a payout ratio of 94.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Wendy’s to earn $1.05 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 95.2%.
Wendy’s Stock Performance
Shares of WEN opened at $19.62 on Thursday. The company has a current ratio of 2.17, a quick ratio of 2.15 and a debt-to-equity ratio of 12.01. Wendy’s has a 12 month low of $15.61 and a 12 month high of $20.65. The firm has a fifty day simple moving average of $17.92 and a 200 day simple moving average of $17.71. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.47 and a beta of 0.80.
Insiders Place Their Bets
In other Wendy’s news, Director Matthew H. Peltz sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $17.18, for a total transaction of $17,180,000.00. Following the transaction, the director now owns 14,943,466 shares in the company, valued at $256,728,745.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 17.10% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on WEN shares. Deutsche Bank Aktiengesellschaft decreased their price target on Wendy’s from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. Citigroup increased their price target on shares of Wendy’s from $18.00 to $18.75 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Stephens reiterated an “equal weight” rating and issued a $19.00 target price on shares of Wendy’s in a research note on Thursday. Wedbush restated a “neutral” rating and issued a $19.50 price objective on shares of Wendy’s in a research note on Thursday, August 1st. Finally, Tigress Financial restated a “buy” rating and issued a $29.00 price target on shares of Wendy’s in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.22.
Read Our Latest Research Report on Wendy’s
About Wendy’s
The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.
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