Nationwide Fund Advisors lowered its stake in shares of Wendy’s Company (The) (NASDAQ:WEN) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 324,254 shares of the restaurant operator’s stock after selling 20,018 shares during the quarter. Nationwide Fund Advisors owned 0.13% of Wendy’s Company (The) worth $5,029,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position 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 valued at $213,214,000 after buying an additional 592,868 shares in the last quarter. BlackRock Inc. raised its position in shares of Wendy’s Company (The) by 11,068.4% during the 1st 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 in the last quarter. Janus Capital Management LLC raised its position in shares of Wendy’s Company (The) by 0.6% during 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 buying an additional 85,084 shares in the last quarter. State Street Corp raised its position in shares of Wendy’s Company (The) by 3.5% during the 1st quarter. State Street Corp now owns 5,707,374 shares of the restaurant operator’s stock valued at $77,678,000 after buying an additional 194,240 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Wendy’s Company (The) by 49.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,887,840 shares of the restaurant operator’s stock valued at $25,694,000 after buying an additional 622,019 shares in the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.

In other Wendy’s Company (The) news, insider E.J. Wunsch sold 3,548 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total transaction of $54,745.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 26.50% of the company’s stock.

WEN has been the topic of several recent research reports. Zacks Investment Research raised shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, July 20th. BMO Capital Markets reaffirmed a “buy” rating on shares of Wendy’s Company (The) in a report on Friday, August 11th. BidaskClub lowered 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 target price for the company from $15.23 to $18.00 in a report on Friday, September 15th. Finally, Stifel Nicolaus initiated coverage on shares of Wendy’s Company (The) in a report on Monday. They set a “buy” rating and a $18.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Wendy’s Company (The) currently has a consensus rating of “Hold” and a consensus price target of $16.05.

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Shares of Wendy’s Company (NASDAQ:WEN) opened at 15.63 on Friday. The firm has a 50-day moving average of $15.10 and a 200-day moving average of $15.11. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 40.60 and a beta of 0.99. Wendy’s Company has a one year low of $10.51 and a one year high of $16.66.

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

The company also recently disclosed 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 1.79%. The ex-dividend date of this dividend was Wednesday, August 30th. Wendy’s Company (The)’s dividend payout ratio (DPR) is 75.68%.

Wendy’s Company (The) 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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