KBC Group NV Holds Holdings in Wendys Co (WEN)

KBC Group NV maintained its stake in Wendys Co (NASDAQ:WEN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,916 shares of the restaurant operator’s stock at the close of the 2nd quarter. KBC Group NV’s holdings in Wendys were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sigma Planning Corp increased its holdings in Wendys by 0.5% during the 2nd quarter. Sigma Planning Corp now owns 11,222 shares of the restaurant operator’s stock worth $174,000 after purchasing an additional 51 shares in the last quarter. Tyers Asset Management LLC increased its holdings in Wendys by 1.3% during the 1st quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 96 shares in the last quarter. Elkfork Partners LLC increased its holdings in Wendys by 1.3% during the 1st quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock worth $142,000 after purchasing an additional 132 shares in the last quarter. Meadow Creek Investment Management LLC increased its holdings in Wendys by 1.3% during the 1st quarter. Meadow Creek Investment Management LLC now owns 13,244 shares of the restaurant operator’s stock worth $180,000 after purchasing an additional 168 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its holdings in Wendys by 1.3% during the 1st quarter. Glen Harbor Capital Management LLC now owns 16,082 shares of the restaurant operator’s stock worth $219,000 after purchasing an additional 204 shares in the last quarter. 76.46% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. BidaskClub lowered Wendys from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America Corporation reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Wendys in a report on Monday, August 14th. Zacks Investment Research lowered Wendys from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $16.00 target price on shares of Wendys in a report on Friday, August 11th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Wendys in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Wendys presently has a consensus rating of “Hold” and a consensus target price of $15.64.

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Wendys Co (NASDAQ:WEN) opened at 14.81 on Tuesday. The company has a 50-day moving average price of $15.20 and a 200 day moving average price of $14.89. The stock has a market cap of $3.61 billion, a P/E ratio of 38.47 and a beta of 1.00. Wendys Co has a 1-year low of $10.31 and a 1-year high of $16.66.

Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Wendys had a negative net margin of 0.58% and a negative return on equity of 1.46%. The business had revenue of $320.34 million during the quarter. During the same period last year, the firm posted $0.10 EPS. The company’s revenue for the quarter was down 16.3% on a year-over-year basis. Equities analysts expect that Wendys Co will post $0.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, August 30th. Wendys’s dividend payout ratio (DPR) is presently 75.68%.

Wendys 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 Wendys (NASDAQ:WEN)

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