Dimensional Fund Advisors LP trimmed its holdings in Wendy’s Company (The) (NASDAQ:WEN) by 21.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,317,446 shares of the restaurant operator’s stock after selling 2,026,849 shares during the period. Dimensional Fund Advisors LP owned 2.98% of Wendy’s Company (The) worth $113,491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WEN. Vanguard Group Inc. increased its holdings in shares of Wendy’s Company (The) by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 15,666,000 shares of the restaurant operator’s stock worth $213,214,000 after acquiring an additional 592,868 shares during the last quarter. BlackRock Inc. raised its stake in Wendy’s Company (The) by 0.3% in the 2nd quarter. BlackRock Inc. now owns 15,432,711 shares of the restaurant operator’s stock valued at $239,362,000 after acquiring an additional 41,702 shares during the period. Janus Capital Management LLC raised its stake in Wendy’s Company (The) by 0.6% in the 1st quarter. Janus Capital Management LLC now owns 13,582,736 shares of the restaurant operator’s stock valued at $184,861,000 after acquiring an additional 85,084 shares during the period. State Street Corp raised its stake in Wendy’s Company (The) by 3.5% in the 1st quarter. State Street Corp now owns 5,707,374 shares of the restaurant operator’s stock valued at $77,678,000 after acquiring an additional 194,240 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Wendy’s Company (The) by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,761,913 shares of the restaurant operator’s stock valued at $37,590,000 after acquiring an additional 65,727 shares during the period. 76.50% of the stock is owned by institutional investors.

Shares of Wendy’s Company (WEN) opened at 15.53 on Monday. The company’s 50-day moving average price is $15.12 and its 200-day moving average price is $14.96. The firm has a market cap of $3.78 billion, a P/E ratio of 40.34 and a beta of 0.99. Wendy’s Company has a 12 month low of $10.47 and a 12 month high of $16.66.

Wendy’s Company (The) (NASDAQ:WEN) last released its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $320.34 million during the quarter. Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. Wendy’s Company (The)’s revenue was down 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. On average, analysts predict 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. Investors of record on Friday, September 1st were issued 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 of this dividend was Wednesday, August 30th. Wendy’s Company (The)’s dividend payout ratio (DPR) is presently 75.68%.

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Several equities research analysts have issued reports on the company. Zacks Investment Research raised Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, July 20th. BMO Capital Markets reiterated a “buy” rating on shares of Wendy’s Company (The) in a report on Friday, August 11th. BidaskClub downgraded shares of Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Longbow Research raised shares of Wendy’s Company (The) from a “neutral” rating to a “buy” rating and increased their price objective for the company from $15.23 to $18.00 in a research report on Friday, September 15th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $18.00 price objective on shares of Wendy’s Company (The) in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.77.

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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