IFP Advisors Inc lowered its position in shares of Wendy’s Company (The) (NASDAQ:WEN) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,644 shares of the restaurant operator’s stock after selling 905 shares during the period. IFP Advisors Inc’s holdings in Wendy’s Company (The) were worth $630,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in WEN. Tyers Asset Management LLC raised its position in Wendy’s Company (The) by 1.3% in the first quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock worth $103,000 after buying an additional 96 shares during the period. Elkfork Partners LLC raised its position in Wendy’s Company (The) by 1.3% in the first quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock worth $142,000 after buying an additional 132 shares during the period. Meadow Creek Investment Management LLC raised its position in Wendy’s Company (The) by 1.3% in the first quarter. Meadow Creek Investment Management LLC now owns 13,244 shares of the restaurant operator’s stock worth $180,000 after buying an additional 168 shares during the period. Glen Harbor Capital Management LLC raised its position in Wendy’s Company (The) by 1.3% in the first quarter. Glen Harbor Capital Management LLC now owns 16,082 shares of the restaurant operator’s stock worth $219,000 after buying an additional 204 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Wendy’s Company (The) by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 71,111 shares of the restaurant operator’s stock worth $1,103,000 after buying an additional 341 shares during the period. 77.76% of the stock is owned by institutional investors and hedge funds.

Shares of Wendy’s Company (WEN) opened at 15.39 on Friday. The company has a market capitalization of $3.76 billion, a P/E ratio of 39.97 and a beta of 0.97. The stock’s 50 day moving average price is $15.56 and its 200 day moving average price is $14.73. Wendy’s Company has a 52-week low of $9.82 and a 52-week high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last issued its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $320.34 million during the quarter, compared to analysts’ expectations of $298.72 million. Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. The firm’s quarterly revenue was down 16.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS. On average, equities research analysts forecast that Wendy’s Company will post $0.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, August 30th. Wendy’s Company (The)’s payout ratio is currently 75.68%.

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A number of research analysts recently weighed in on the stock. Stephens raised their target price on shares of Wendy’s Company (The) from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, May 11th. BMO Capital Markets assumed coverage on shares of Wendy’s Company (The) in a report on Friday, April 21st. They issued an “outperform” rating and a $17.00 target price for the company. Royal Bank Of Canada raised their target price on shares of Wendy’s Company (The) from $11.00 to $15.00 and gave the company a “sector perform” rating in a report on Thursday, May 11th. Vetr lowered shares of Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating and set a $16.92 target price for the company. in a report on Monday, May 8th. Finally, BidaskClub lowered shares of Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. Wendy’s Company (The) presently has a consensus rating of “Hold” and a consensus price target of $15.56.

In other news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 26.50% of the stock is owned by corporate insiders.

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

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