Wendys Co (WEN) Holdings Reduced by OxFORD Asset Management LLP
OxFORD Asset Management LLP trimmed its position in shares of Wendys Co (NASDAQ:WEN) by 72.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,107 shares of the restaurant operator’s stock after selling 257,412 shares during the quarter. OxFORD Asset Management LLP’s holdings in Wendys were worth $1,515,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WFG Advisors LP boosted its stake in shares of Wendys by 50.2% during the second quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 2,344 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Wendys by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 692 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Wendys by 75.7% during the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after purchasing an additional 4,012 shares during the period. Sigma Planning Corp boosted its stake in shares of Wendys by 0.5% during the second quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock valued at $174,000 after purchasing an additional 51 shares during the period. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Wendys during the second quarter valued at $219,000. 76.42% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Wendys in a research note on Monday, October 2nd. They set a “buy” rating and a $18.00 target price for the company. SunTrust Banks reissued a “buy” rating and set a $18.00 target price on shares of Wendys in a research note on Monday, October 2nd. BidaskClub raised shares of Wendys from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Longbow Research raised shares of Wendys from a “neutral” rating to a “buy” rating and boosted their target price for the company from $15.23 to $18.00 in a research note on Friday, September 15th. Finally, Nomura lowered their target price on shares of Wendys from $15.00 to $14.50 and set a “neutral” rating for the company in a research note on Thursday, November 9th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.21.
Wendys (NASDAQ:WEN) last released its quarterly earnings data 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 return on equity of 20.35% and a net margin of 5.20%. The business had revenue of $308.00 million during the quarter. During the same period in the previous year, the business posted $0.11 earnings per share. Wendys’s revenue for the quarter was down 15.4% compared to the same quarter last year. analysts anticipate that Wendys Co will post 0.44 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, November 30th. Wendys’s dividend payout ratio (DPR) is presently 112.00%.
In other news, insider Scott A. Weisberg bought 10,000 shares of Wendys stock in a transaction on Monday, November 13th. The stock was acquired at an average cost of $14.29 per share, for a total transaction of $142,900.00. Following the completion of the acquisition, the insider now owns 199,014 shares of the company’s stock, valued at approximately $2,843,910.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider E.J. Wunsch sold 3,548 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total transaction of $54,745.64. The disclosure for this sale can be found here. 26.50% of the stock is owned by corporate insiders.
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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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