Wendy’s Company (The) (WEN) Plans $0.07 Quarterly Dividend
Wendy’s Company (The) (NASDAQ:WEN) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Stockholders of record on Friday, December 1st will be paid a dividend of 0.07 per share by the restaurant operator on Friday, December 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.84%.
Wendy’s Company (The) (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%.
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In other Wendy’s Company (The) news, insider E.J. Wunsch sold 3,548 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total value of $54,745.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.50% of the company’s stock.
Several brokerages recently issued reports on WEN. BMO Capital Markets reiterated a “buy” rating on shares of Wendy’s Company (The) in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Wendy’s Company (The) from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. BidaskClub lowered shares of Wendy’s Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Wedbush reiterated a “hold” rating on shares of Wendy’s Company (The) in a research note on Wednesday, August 9th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $16.00 price objective on shares of Wendy’s Company (The) in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.05.
Wendy’s Company (The) Company 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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