The firm owned 8,916 shares of the restaurant operator's stock after selling 461,808 shares during the period. Elkfork Partners LLC acquired a new stake in Wendy's Company (The) during the fourth quarter worth approximately $139,000.
Large investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA boosted its stake in Wendy's Company (The) by 1.7% in the fourth quarter. Comerica Bank now owns 249,941 shares of the restaurant operator's stock worth $3,472,000 after buying an additional 7,496 shares during the period. Sei Investments Co. increased its stake in Wendy's Company (The) by 401.9% in the first quarter. Thrivent Financial for Lutherans now owns 34,254 shares of the restaurant operator's stock worth $463,000 after buying an additional 2,230 shares during the period. Finally, Cantab Capital Partners LLP acquired a new stake in Wendy's Company (The) during the fourth quarter worth approximately $156,000. Corporate insiders own 22.70% of the company's stock.
Shares of Wendy's Company (NASDAQ:WEN) opened at 15.64 on Friday. The company's stock had a trading volume of 1,161,957 shares. The company has market cap of $3.84 billion. The company has a 50 day moving average price of $15.79 and a 200 day moving average price of $14.33. The lowest target is $9.50 while the high is $1900.
Wendy's Company (The) (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, May 10th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.08 by $0.01. The company had revenue of $285.82 million during the quarter. Wendy's Company (The) had a net margin of 9.43% and a return on equity of 16.31%. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, equities research analysts predict that Wendy's Company will post $0.46 EPS for the current fiscal year.
The company also declared a dividend for shareholders which was paid on Thursday the 15th of June 2017. Investors of record on Thursday, June 1st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.79%. Barrons.com's news article titled: "Precarious Dividends You Never Knew About" with publication date: July 14, 2017 was also an interesting one. Wendy's Company (The)'s payout ratio is presently 58.33%.
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WEN has been the subject of several recent research reports. Zacks Investment Research cut shares of Wendy's Company (The) from a "buy" rating to a "hold" rating in a research note on Monday, April 24th. Stephens raised their price objective on Wendy's Company (The) from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Thursday, May 11th. Royal Bank Of Canada restated a "hold" rating and issued a $16.00 price objective on shares of Wendy's Company (The) in a research note on Thursday, June 22nd. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock's average target of $12.63 is -19.45% below today's ($15.68) share price. Raymond James Financial Services Advisors Inc. now owns 103,428 shares of the restaurant operator's stock valued at $1,408,000 after buying an additional 83,136 shares in the last quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
The Wendy's Company is the parent company of subsidiary holding company Wendy's Restaurants, LLC (Wendy's Restaurants). Wendy's is involved in the business of operating, developing and franchising a system of restaurants serving food. Wendy's is the restaurant company specializing in the hamburger sandwich segment.