Schwab Charles Investment Management Inc. cut its holdings in Wendy’s Company (The) (NASDAQ:WEN) by 40.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 676,405 shares of the restaurant operator’s stock after selling 462,964 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.28% of Wendy’s Company (The) worth $10,492,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new stake in shares of Wendy’s Company (The) during the first quarter worth $174,000. Sei Investments Co. grew its holdings in shares of Wendy’s Company (The) by 401.9% during the first quarter. Sei Investments Co. now owns 27,806 shares of the restaurant operator’s stock valued at $378,000 after buying an additional 22,266 shares during the last quarter. BlackRock Inc. increased its position in shares of Wendy’s Company (The) by 11,068.4% in the 1st quarter. BlackRock Inc. now owns 15,391,009 shares of the restaurant operator’s stock valued at $209,472,000 after acquiring an additional 15,253,200 shares during the period. Morgan Stanley increased its position in shares of Wendy’s Company (The) by 75.4% in the 1st quarter. Morgan Stanley now owns 860,013 shares of the restaurant operator’s stock valued at $11,705,000 after acquiring an additional 369,666 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Wendy’s Company (The) by 18.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 15,004 shares of the restaurant operator’s stock valued at $204,000 after acquiring an additional 2,313 shares during the period. Institutional investors own 76.50% of the company’s stock.

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A number of brokerages recently issued reports on WEN. SunTrust Banks, Inc. restated a “buy” rating and issued a $18.00 target price on shares of Wendy’s Company (The) in a research note on Monday. BidaskClub raised Wendy’s Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Longbow Research upgraded Wendy’s Company (The) from a “neutral” rating to a “buy” rating and boosted their price target for the company from $15.23 to $18.00 in a research note on Friday, September 15th. Bank of America Corporation reiterated a “neutral” rating and set a $17.00 price target on shares of Wendy’s Company (The) in a research note on Monday, August 14th. Finally, Zacks Investment Research lowered Wendy’s Company (The) from a “buy” rating to a “hold” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.77.

Wendy’s Company (WEN) opened at 15.53 on Monday. Wendy’s Company has a 1-year low of $10.47 and a 1-year high of $16.66. The company has a 50 day moving average of $15.12 and a 200 day moving average of $14.96. The firm has a market capitalization of $3.78 billion, a PE ratio of 40.34 and a beta of 1.00.

Wendy’s Company (The) (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. The company had revenue of $320.34 million for the quarter. During the same period in the prior year, the firm earned $0.10 earnings per share. Wendy’s Company (The)’s revenue was down 16.3% compared to the same quarter last year. Analysts forecast that Wendy’s Company will post $0.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Wednesday, August 30th. Wendy’s Company (The)’s dividend payout ratio is presently 75.68%.

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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