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.

Several brokerages recently weighed in on WEN. SunTrust Banks reaffirmed a “buy” rating and issued a $18.00 price target on shares of Wendys in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Wendys from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Royal Bank Of Canada reissued a “hold” rating and set a $16.00 target price on shares of Wendys in a research report on Tuesday, November 7th. BidaskClub raised shares of Wendys from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Wedbush reissued a “hold” rating on shares of Wendys in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.21.

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%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/06/engineers-gate-manager-lp-sells-71436-shares-of-wendys-co-wen.html.

Wendys 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 Wendys (NASDAQ:WEN)

Receive News & Stock Ratings for Wendys Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendys Co and related stocks with our FREE daily email newsletter.