Bokf Na Has $2.56 Million Stake in Wendys Co (WEN)
Bokf Na reduced its stake in Wendys Co (NASDAQ:WEN) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 164,277 shares of the restaurant operator’s stock after selling 18,638 shares during the period. Bokf Na owned approximately 0.07% of Wendys worth $2,564,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in Wendys by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,917,851 shares of the restaurant operator’s stock valued at $29,937,000 after buying an additional 113,514 shares during the period. California State Teachers Retirement System raised its holdings in Wendys by 2.0% in the 4th quarter. California State Teachers Retirement System now owns 303,607 shares of the restaurant operator’s stock valued at $4,739,000 after buying an additional 6,039 shares during the period. Prudential PLC purchased a new stake in Wendys in the 4th quarter valued at about $229,000. Natixis Advisors L.P. raised its holdings in Wendys by 4.3% in the 4th quarter. Natixis Advisors L.P. now owns 101,412 shares of the restaurant operator’s stock valued at $1,583,000 after buying an additional 4,223 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in Wendys by 6.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 111,378 shares of the restaurant operator’s stock valued at $1,613,000 after buying an additional 7,093 shares during the period. Hedge funds and other institutional investors own 74.72% of the company’s stock.
In other news, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $17.11, for a total transaction of $51,330,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Abigail E. Pringle sold 8,897 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $17.35, for a total value of $154,362.95. Following the transaction, the insider now directly owns 100,917 shares of the company’s stock, valued at $1,750,909.95. The disclosure for this sale can be found here. Insiders own 23.10% of the company’s stock.
NASDAQ WEN opened at $16.80 on Friday. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.00 and a beta of 0.77. The company has a debt-to-equity ratio of 4.25, a current ratio of 2.34 and a quick ratio of 2.33. Wendys Co has a 1-year low of $14.96 and a 1-year high of $18.68.
Wendys (NASDAQ:WEN) last released its earnings results on Thursday, February 21st. The restaurant operator reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Wendys had a return on equity of 24.68% and a net margin of 28.94%. The company had revenue of $397.82 million during the quarter, compared to the consensus estimate of $399.89 million. During the same period in the previous year, the company posted $0.09 EPS. Wendys’s revenue was up 28.6% compared to the same quarter last year. On average, sell-side analysts forecast that Wendys Co will post 0.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 28th. This is an increase from Wendys’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.38%. Wendys’s payout ratio is currently 67.80%.
Wendys Company Profile
The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.
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