Comerica Bank trimmed its holdings in shares of Wendy’s Company (The) (NASDAQ:WEN) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,948 shares of the restaurant operator’s stock after selling 5,296 shares during the quarter. Comerica Bank’s holdings in Wendy’s were worth $1,748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC bought a new position in shares of Wendy’s in the first quarter worth approximately $969,000. Teachers Advisors LLC boosted its position in shares of Wendy’s by 90.2% in the first quarter. Teachers Advisors LLC now owns 390,756 shares of the restaurant operator’s stock worth $5,318,000 after purchasing an additional 185,334 shares during the period. Bank of Montreal Can boosted its position in shares of Wendy’s by 317.9% in the second quarter. Bank of Montreal Can now owns 56,410 shares of the restaurant operator’s stock worth $875,000 after purchasing an additional 42,913 shares during the period. LS Investment Advisors LLC boosted its position in shares of Wendy’s by 12.3% in the second quarter. LS Investment Advisors LLC now owns 19,873 shares of the restaurant operator’s stock worth $308,000 after purchasing an additional 2,179 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Wendy’s by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 49,900 shares of the restaurant operator’s stock worth $774,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 76.43% of the company’s stock.

A number of equities analysts have weighed in on the stock. TheStreet lowered shares of Wendy’s from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. BMO Capital Markets dropped their price target on shares of Wendy’s from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. Credit Suisse Group dropped their price target on shares of Wendy’s from $15.75 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, November 9th. Nomura dropped their price target on shares of Wendy’s from $15.00 to $14.50 and set a “neutral” rating for the company in a research report on Thursday, November 9th. Finally, Morgan Stanley upped their price target on shares of Wendy’s from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, November 9th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.21.

Wendy’s Company (NASDAQ WEN) opened at $14.82 on Friday. Wendy’s Company has a 1-year low of $12.52 and a 1-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. The company has a market cap of $3,606.31, a price-to-earnings ratio of 36.32, a PEG ratio of 2.62 and a beta of 0.93.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, November 30th. Wendy’s’s payout ratio is 112.00%.

In related news, insider E.J. Wunsch sold 3,548 shares of the company’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 filing with the SEC, which is accessible through this hyperlink. Also, insider Scott A. Weisberg purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $14.29 per share, for a total transaction of $142,900.00. Following the purchase, the insider now owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The disclosure for this purchase can be found here. 26.50% of the stock is owned by corporate insiders.

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Wendy’s 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 (NASDAQ:WEN)

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