Dimensional Fund Advisors LP Decreases Holdings in Wendys Co (WEN)

Dimensional Fund Advisors LP reduced its stake in shares of Wendys Co (NASDAQ:WEN) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,032,489 shares of the restaurant operator’s stock after selling 284,957 shares during the quarter. Dimensional Fund Advisors LP owned 2.90% of Wendys worth $109,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its holdings in shares of Wendys by 2.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 16,544 shares of the restaurant operator’s stock worth $257,000 after purchasing an additional 414 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Wendys by 0.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 103,851 shares of the restaurant operator’s stock worth $1,611,000 after purchasing an additional 423 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Wendys by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 80,700 shares of the restaurant operator’s stock worth $1,252,000 after purchasing an additional 600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Wendys by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 692 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Wendys by 1.9% during the 2nd quarter. Voya Investment Management LLC now owns 71,040 shares of the restaurant operator’s stock worth $1,102,000 after purchasing an additional 1,304 shares in the last quarter. 76.42% of the stock is currently owned by institutional investors.

In related news, insider Scott A. Weisberg acquired 10,000 shares of the stock in a transaction dated Monday, November 13th. The stock was bought at an average cost of $14.29 per share, for a total transaction of $142,900.00. Following the completion of the transaction, the insider now directly owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider E.J. Wunsch sold 3,548 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total value of $54,745.64. The disclosure for this sale can be found here. 26.50% of the stock is currently owned by company insiders.

Wendys Co (NASDAQ:WEN) opened at $15.79 on Tuesday. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.80 and a quick ratio of 1.78. The company has a market capitalization of $3,756.48, a PE ratio of 37.83, a price-to-earnings-growth ratio of 2.73 and a beta of 0.93. Wendys Co has a 1 year low of $13.03 and a 1 year high of $16.66.

Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $308.00 million during the quarter. Wendys had a net margin of 5.20% and a return on equity of 20.35%. The company’s revenue was down 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. equities research analysts anticipate that Wendys Co will post 0.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.07 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 1.77%. Wendys’s dividend payout ratio is presently 112.00%.

Several analysts recently weighed in on WEN shares. SunTrust Banks restated a “buy” rating and set a $18.00 price objective on shares of Wendys in a research report on Monday, October 2nd. Zacks Investment Research upgraded Wendys from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Royal Bank of Canada restated a “hold” rating and set a $16.00 price objective on shares of Wendys in a research report on Tuesday, November 7th. BidaskClub upgraded Wendys from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Nomura dropped their price objective on Wendys from $15.00 to $14.50 and set a “neutral” rating for the company in a research report on Thursday, November 9th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $16.21.

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Wendys 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.

Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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