US Bancorp DE raised its holdings in shares of Wendys Co (NASDAQ:WEN) by 12.0% in the second quarter, HoldingsChannel.com reports. The firm owned 269,381 shares of the restaurant operator’s stock after buying an additional 28,826 shares during the period. US Bancorp DE’s holdings in Wendys were worth $5,274,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. HighTower Advisors LLC increased its stake in Wendys by 5.2% during the 2nd quarter. HighTower Advisors LLC now owns 32,303 shares of the restaurant operator’s stock valued at $631,000 after purchasing an additional 1,610 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in Wendys by 10.4% during the 2nd quarter. United Capital Financial Advisers LLC now owns 11,542 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 1,086 shares in the last quarter. Castleark Management LLC bought a new stake in Wendys during the 2nd quarter valued at $10,360,000. Parametric Portfolio Associates LLC grew its stake in shares of Wendys by 10.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 953,265 shares of the restaurant operator’s stock worth $18,665,000 after acquiring an additional 88,626 shares in the last quarter. Finally, Toronto Dominion Bank bought a new stake in shares of Wendys in the 2nd quarter worth $111,000. Institutional investors and hedge funds own 76.56% of the company’s stock.

Several analysts have recently issued reports on WEN shares. MKM Partners set a $20.00 target price on shares of Wendys and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Evercore ISI set a $20.00 target price on shares of Wendys and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Longbow Research set a $25.00 target price on shares of Wendys and gave the stock a “buy” rating in a research note on Friday, September 13th. Stephens set a $22.00 target price on shares of Wendys and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, SunTrust Banks upped their target price on shares of Wendys from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.07.

In related news, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.90, for a total value of $9,452,500.00. Following the transaction, the insider now directly owns 5,444,270 shares of the company’s stock, valued at approximately $108,340,973. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew H. Peltz sold 2,000,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $19.97, for a total transaction of $39,940,000.00. Following the completion of the transaction, the director now directly owns 5,444,270 shares in the company, valued at $108,722,071.90. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by insiders.

Shares of NASDAQ:WEN traded up $0.31 during midday trading on Thursday, reaching $20.42. The company had a trading volume of 139,448 shares, compared to its average volume of 3,543,379. The company’s 50 day moving average price is $20.35 and its 200 day moving average price is $18.99. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 5.67. The stock has a market cap of $4.64 billion, a P/E ratio of 34.66, a P/E/G ratio of 2.35 and a beta of 0.66. Wendys Co has a 52-week low of $14.96 and a 52-week high of $22.84.

Wendys (NASDAQ:WEN) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $435.30 million for the quarter, compared to the consensus estimate of $439.64 million. Wendys had a net margin of 28.88% and a return on equity of 23.16%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. Research analysts forecast that Wendys Co will post 0.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, August 30th. Wendys’s dividend payout ratio (DPR) is currently 67.80%.

Wendys Profile

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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