64,196 Shares in Wendys Co (WEN) Purchased by Aspiriant LLC

Aspiriant LLC purchased a new position in shares of Wendys Co (NASDAQ:WEN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 64,196 shares of the restaurant operator’s stock, valued at approximately $1,148,000.

Several other institutional investors have also recently modified their holdings of the company. Enlightenment Research LLC purchased a new stake in Wendys during the fourth quarter worth about $28,000. Clarfeld Financial Advisors LLC purchased a new stake in Wendys during the fourth quarter worth about $94,000. Valeo Financial Advisors LLC boosted its holdings in Wendys by 42.4% during the first quarter. Valeo Financial Advisors LLC now owns 9,829 shares of the restaurant operator’s stock worth $176,000 after buying an additional 2,929 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in Wendys during the first quarter worth about $182,000. Finally, OLD Mission Capital LLC purchased a new stake in Wendys during the fourth quarter worth about $164,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Shares of NASDAQ WEN opened at $18.85 on Friday. Wendys Co has a 12-month low of $14.96 and a 12-month high of $19.45. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.29 and a beta of 0.77. The company has a current ratio of 2.05, a quick ratio of 2.33 and a debt-to-equity ratio of 5.80.

Wendys (NASDAQ:WEN) last announced its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Wendys had a net margin of 29.16% and a return on equity of 23.85%. The company had revenue of $408.60 million for the quarter, compared to the consensus estimate of $398.58 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Wendys Co will post 0.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, May 31st. Wendys’s dividend payout ratio (DPR) is presently 67.80%.

WEN has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Wendys from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Wedbush reissued a “hold” rating and set a $20.00 price objective on shares of Wendys in a report on Wednesday. ValuEngine raised shares of Wendys from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Stephens boosted their price objective on shares of Wendys to $22.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of Wendys from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.15.

In related news, insider Abigail E. Pringle sold 8,897 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $17.35, for a total transaction of $154,362.95. Following the transaction, the insider now owns 100,917 shares of the company’s stock, valued at $1,750,909.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $17.11, for a total transaction of $51,330,000.00. The disclosure for this sale can be found here. Corporate insiders own 20.90% of the company’s stock.

WARNING: “64,196 Shares in Wendys Co (WEN) Purchased by Aspiriant LLC” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2019/05/12/64196-shares-in-wendys-co-wen-purchased-by-aspiriant-llc.html.

About Wendys

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.

Further Reading: How to Track your Portfolio in Google Finance

Want to see what other hedge funds are holding WEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wendys Co (NASDAQ:WEN).

Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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



Leave a Reply