AHL Partners LLP Boosts Holdings in Wendy’s Company (The) (WEN)

AHL Partners LLP grew its stake in shares of Wendy’s Company (The) (NASDAQ:WEN) by 119.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 130,759 shares of the restaurant operator’s stock after buying an additional 71,103 shares during the quarter. AHL Partners LLP owned approximately 0.05% of Wendy’s Company (The) worth $2,028,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Wendy’s Company (The) by 3.9% during the first quarter. Vanguard Group Inc. now owns 15,666,000 shares of the restaurant operator’s stock worth $213,214,000 after buying an additional 592,868 shares during the last quarter. BlackRock Inc. grew its stake in shares of Wendy’s Company (The) by 0.3% during the second quarter. BlackRock Inc. now owns 15,432,711 shares of the restaurant operator’s stock worth $239,362,000 after buying an additional 41,702 shares during the last quarter. Janus Capital Management LLC grew its stake in shares of Wendy’s Company (The) by 0.6% during the first quarter. Janus Capital Management LLC now owns 13,582,736 shares of the restaurant operator’s stock worth $184,861,000 after buying an additional 85,084 shares during the last quarter. State Street Corp grew its stake in shares of Wendy’s Company (The) by 3.5% during the first quarter. State Street Corp now owns 5,707,374 shares of the restaurant operator’s stock worth $77,678,000 after buying an additional 194,240 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Wendy’s Company (The) by 11.0% during the second quarter. Goldman Sachs Group Inc. now owns 2,095,403 shares of the restaurant operator’s stock worth $32,500,000 after buying an additional 207,563 shares during the last quarter. 76.50% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts have weighed in on WEN shares. Zacks Investment Research raised shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, July 20th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $16.00 target price on shares of Wendy’s Company (The) in a research note on Thursday, June 22nd. Longbow Research raised shares of Wendy’s Company (The) from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $15.23 to $18.00 in a research note on Friday, September 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $16.00 price objective on shares of Wendy’s Company (The) in a research note on Tuesday, July 25th. Finally, BidaskClub cut shares of Wendy’s Company (The) from a “hold” rating to a “sell” rating in a research note on Saturday, September 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.05.

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 shares were 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 available at the SEC website. 26.50% of the stock is owned by company insiders.

Wendy’s Company (WEN) opened at 15.41 on Friday. The company has a 50-day moving average of $15.17 and a 200 day moving average of $15.19. Wendy’s Company has a 12-month low of $10.51 and a 12-month high of $16.66. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 40.03 and a beta of 0.99.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. Equities analysts expect that Wendy’s Company will post $0.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Wednesday, August 30th. Wendy’s Company (The)’s dividend payout ratio (DPR) is presently 75.68%.

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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Institutional Ownership by Quarter for Wendy`s Company (The) (NASDAQ:WEN)

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