Amalgamated Bank boosted its stake in Wendy’s Company (The) (NASDAQ:WEN) by 19.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,062 shares of the restaurant operator’s stock after purchasing an additional 6,391 shares during the quarter. Amalgamated Bank’s holdings in Wendy’s Company (The) were worth $606,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in shares of Wendy’s Company (The) in the first quarter worth about $174,000. Sei Investments Co. boosted its holdings in shares of Wendy’s Company (The) by 401.9% in 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 period. Engineers Gate Manager LP boosted its holdings in shares of Wendy’s Company (The) by 24.0% in the second quarter. Engineers Gate Manager LP now owns 309,979 shares of the restaurant operator’s stock valued at $4,808,000 after buying an additional 60,061 shares during the period. BlackRock Inc. boosted its holdings in shares of Wendy’s Company (The) by 11,068.4% in the first quarter. BlackRock Inc. now owns 15,391,009 shares of the restaurant operator’s stock valued at $209,472,000 after buying an additional 15,253,200 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Wendy’s Company (The) by 75.4% in the first quarter. Morgan Stanley now owns 860,013 shares of the restaurant operator’s stock valued at $11,705,000 after buying an additional 369,666 shares during the period. Institutional investors and hedge funds own 76.50% of the company’s stock.

A number of analysts have recently commented on the company. BidaskClub lowered Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada reissued a “hold” rating and issued a $16.00 target price on shares of Wendy’s Company (The) in a research report on Thursday, June 22nd. Zacks Investment Research upgraded Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, July 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $16.00 target price on shares of Wendy’s Company (The) in a research note on Tuesday, July 25th. Finally, Wedbush reaffirmed a “hold” rating on shares of Wendy’s Company (The) in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.77.

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Shares of Wendy’s Company (NASDAQ WEN) opened at 15.29 on Tuesday. The company’s 50-day moving average is $15.08 and its 200 day moving average is $15.09. Wendy’s Company has a 52-week low of $10.47 and a 52-week high of $16.66. The company has a market cap of $3.72 billion, a PE ratio of 39.71 and a beta of 0.99.

Wendy’s Company (The) (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $320.34 million for the quarter. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company’s quarterly revenue was down 16.3% on a year-over-year basis. On average, analysts anticipate that Wendy’s Company will post $0.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.28 annualized dividend and a yield of 1.83%. Wendy’s Company (The)’s dividend payout ratio is currently 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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