Wells Fargo & Company MN Buys 37,221 Shares of Wendys Co (WEN)

Wells Fargo & Company MN grew its stake in Wendys Co (NASDAQ:WEN) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,875,077 shares of the restaurant operator’s stock after acquiring an additional 37,221 shares during the quarter. Wells Fargo & Company MN owned about 4.17% of Wendys worth $169,259,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Engineers Gate Manager LP grew its stake in shares of Wendys by 249.2% in the third quarter. Engineers Gate Manager LP now owns 302,408 shares of the restaurant operator’s stock valued at $5,183,000 after buying an additional 215,797 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Wendys by 2,200.0% in the third quarter. Valeo Financial Advisors LLC now owns 6,900 shares of the restaurant operator’s stock valued at $118,000 after buying an additional 6,600 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Wendys by 6.7% in the third quarter. Arizona State Retirement System now owns 132,938 shares of the restaurant operator’s stock valued at $2,279,000 after buying an additional 8,378 shares in the last quarter. Mesirow Financial Investment Management Equity Management grew its stake in shares of Wendys by 10.9% in the third quarter. Mesirow Financial Investment Management Equity Management now owns 970,765 shares of the restaurant operator’s stock valued at $16,637,000 after buying an additional 95,670 shares in the last quarter. Finally, State Treasurer State of Michigan grew its stake in shares of Wendys by 4.8% in the third quarter. State Treasurer State of Michigan now owns 69,243 shares of the restaurant operator’s stock valued at $1,187,000 after buying an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 77.65% of the company’s stock.

Shares of NASDAQ WEN opened at $17.42 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.52 and a debt-to-equity ratio of 3.52. Wendys Co has a fifty-two week low of $13.67 and a fifty-two week high of $18.68. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.37 and a beta of 0.53.

Wendys (NASDAQ:WEN) last released its earnings results on Tuesday, November 6th. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Wendys had a return on equity of 23.36% and a net margin of 40.00%. The company had revenue of $400.55 million for the quarter, compared to the consensus estimate of $406.39 million. During the same quarter last year, the business posted $0.09 EPS. Wendys’s quarterly revenue was up 30.0% compared to the same quarter last year. Equities analysts expect that Wendys Co will post 0.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, November 30th. Wendys’s dividend payout ratio is presently 79.07%.

A number of research firms have recently issued reports on WEN. BidaskClub lowered Wendys from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. ValuEngine upgraded Wendys from a “hold” rating to a “buy” rating in a research note on Saturday. Mizuho set a $20.00 price objective on Wendys and gave the company a “buy” rating in a research note on Thursday. Wedbush restated a “buy” rating and set a $20.00 price objective on shares of Wendys in a research note on Wednesday. Finally, Gordon Haskett assumed coverage on Wendys in a research note on Thursday, October 18th. They set a “buy” rating and a $20.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Wendys has a consensus rating of “Buy” and an average price target of $19.56.

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Wendys 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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Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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