Engineers Gate Manager LP Sells 71,436 Shares of Wendys Co (WEN)
Engineers Gate Manager LP decreased its holdings in Wendys Co (NASDAQ:WEN) by 23.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 238,543 shares of the restaurant operator’s stock after selling 71,436 shares during the quarter. Engineers Gate Manager LP owned 0.10% of Wendys worth $3,705,000 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 WEN. Janus Henderson Group PLC bought a new position in Wendys in the 2nd quarter valued at about $189,448,000. Castleark Management LLC bought a new position in Wendys in the 2nd quarter valued at about $14,085,000. Renaissance Technologies LLC lifted its position in Wendys by 208.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,208,522 shares of the restaurant operator’s stock valued at $18,744,000 after acquiring an additional 817,040 shares in the last quarter. Marshall Wace North America L.P. lifted its position in Wendys by 1,466.4% in the 2nd quarter. Marshall Wace North America L.P. now owns 803,766 shares of the restaurant operator’s stock valued at $12,860,000 after acquiring an additional 752,454 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Wendys in the 2nd quarter valued at about $11,560,000. 76.42% of the stock is currently owned by institutional investors and hedge funds.
In other Wendys news, insider Scott A. Weisberg acquired 10,000 shares of Wendys stock in a transaction that occurred on Monday, November 13th. The stock was 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider E.J. Wunsch sold 3,548 shares of Wendys stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total transaction of $54,745.64. The disclosure for this sale can be found here. Insiders own 26.50% of the company’s stock.
Shares of Wendys Co (NASDAQ WEN) opened at $15.37 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 5.83. The company has a market cap of $3,717.72, a P/E ratio of 37.44, a P/E/G ratio of 2.70 and a beta of 0.93. Wendys Co has a 1-year low of $12.85 and a 1-year high of $16.66.
Wendys (NASDAQ:WEN) last posted its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The company had revenue of $308.00 million during the quarter. Wendys had a return on equity of 20.35% and a net margin of 5.20%. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. analysts expect that Wendys Co will post 0.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.07 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.82%. Wendys’s dividend payout ratio (DPR) is presently 112.00%.
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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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