Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of The Wendy’s Company (NASDAQ:WEN – Free Report) during the first quarter, Holdings Channel reports. The firm purchased 3,750,000 shares of the restaurant operator’s stock, valued at approximately $26,062,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new stake in Wendy’s in the fourth quarter valued at approximately $30,000. Fifth Third Bancorp grew its position in shares of Wendy’s by 161.0% during the fourth quarter. Fifth Third Bancorp now owns 3,829 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 2,362 shares during the last quarter. Gen Wealth Partners Inc purchased a new position in shares of Wendy’s during the fourth quarter worth approximately $33,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Wendy’s in the 1st quarter valued at $30,000. Finally, SJS Investment Consulting Inc. purchased a new stake in Wendy’s in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 85.96% of the company’s stock.
Wendy’s Price Performance
Shares of NASDAQ WEN opened at $6.99 on Monday. The stock has a fifty day moving average price of $7.43 and a 200 day moving average price of $7.46. The Wendy’s Company has a 1-year low of $6.07 and a 1-year high of $10.84. The company has a debt-to-equity ratio of 29.25, a current ratio of 1.83 and a quick ratio of 1.81. The company has a market cap of $1.33 billion, a PE ratio of 8.96, a P/E/G ratio of 0.51 and a beta of 0.36.
Wendy’s Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Monday, June 1st. Wendy’s’s payout ratio is 71.79%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. TD Cowen reiterated a “hold” rating and set a $6.00 price target on shares of Wendy’s in a research note on Tuesday, May 12th. BMO Capital Markets restated a “market perform” rating on shares of Wendy’s in a research note on Wednesday, June 10th. Wall Street Zen raised shares of Wendy’s from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. KeyCorp reiterated a “sector weight” rating on shares of Wendy’s in a research note on Wednesday, June 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Wendy’s in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $8.06.
View Our Latest Stock Analysis on WEN
About Wendy’s
The Wendy’s Company (NASDAQ:WEN) operates as a global quick-service restaurant chain, best known for its square-shaped beef patties, fresh ingredient sourcing and signature Frosty dessert. The company’s menu features a variety of hamburgers, chicken sandwiches, salads, breakfast sandwiches, sides and beverages, designed to appeal to a broad customer base seeking both classic and contemporary fast-food options. Wendy’s has placed particular emphasis on product innovation, introducing limited-time offerings and revamped core menu items to maintain customer interest and respond to evolving dining trends.
Founded in 1969 by entrepreneur Dave Thomas in Columbus, Ohio, Wendy’s expanded rapidly through both company-owned and franchised outlets.
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