Eminence Capital, LP

revealed that they own a 5.2% stake in Wendy’s Company (The) (NASDAQ:WEN) in a Form 13G disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, November 24th. The investor owns 12,539,078 shares of the stock valued at approximately $173,791,621. The reporting parties listed on the disclosure included Eminence Capital, LP, Eminence GP, LLC and Ricky C Sandler. The disclosure is available through Edgar at this link.

Several other hedge funds have also recently made changes to their positions in WEN. Sigma Planning Corp lifted its position in shares of Wendy’s Company (The) by 0.5% during the 2nd quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock worth $174,000 after buying an additional 51 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Wendy’s Company (The) by 0.5% during the 2nd 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. Teacher Retirement System of Texas lifted its position in shares of Wendy’s Company (The) by 2.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 16,544 shares of the restaurant operator’s stock worth $257,000 after buying an additional 414 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Wendy’s Company (The) by 0.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 103,851 shares of the restaurant operator’s stock worth $1,611,000 after buying an additional 423 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Wendy’s Company (The) by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 80,700 shares of the restaurant operator’s stock worth $1,252,000 after buying an additional 600 shares during the period. Institutional investors own 77.07% of the company’s stock.

In related news, insider Scott A. Weisberg acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $14.29 per share, with a total value of $142,900.00. Following the completion of the purchase, the insider now directly owns 199,014 shares in the company, valued at $2,843,910.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider E.J. Wunsch sold 3,548 shares of Wendy’s Company (The) stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total value of $54,745.64. The disclosure for this sale can be found here. 26.50% of the stock is currently owned by company insiders.

WEN has been the subject of several research analyst reports. Longbow Research upgraded Wendy’s Company (The) from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $15.23 to $18.00 in a research report on Friday, September 15th. BMO Capital Markets reiterated a “buy” rating on shares of Wendy’s Company (The) in a research report on Friday, August 11th. Stifel Nicolaus initiated coverage on Wendy’s Company (The) in a research report on Monday, October 2nd. They issued a “buy” rating and a $18.00 price objective for the company. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $18.00 price objective on shares of Wendy’s Company (The) in a research report on Monday, October 2nd. Finally, TheStreet downgraded Wendy’s Company (The) from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.97.

Wendy’s Company (NASDAQ WEN) traded down $0.09 during midday trading on Friday, hitting $13.86. The stock had a trading volume of 1,564,551 shares, compared to its average volume of 2,882,634. The firm has a market cap of $3,378.64, a PE ratio of 34.02, a P/E/G ratio of 2.46 and a beta of 0.94. Wendy’s Company has a one year low of $12.40 and a one year high of $16.66. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.80 and a quick ratio of 1.78.

Wendy’s Company (The) (NASDAQ:WEN) last released its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The firm had revenue of $308.00 million during the quarter. Wendy’s Company (The) had a net margin of 5.20% and a return on equity of 20.35%. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share. equities research analysts forecast that Wendy’s Company will post 0.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 2.02%. Wendy’s Company (The)’s dividend payout ratio (DPR) is currently 112.00%.

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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.

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

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