Quantbot Technologies LP Has $1.10 Million Position in The Wendy’s Company (NASDAQ:WEN)

Quantbot Technologies LP cut its holdings in The Wendy’s Company (NASDAQ:WEN) by 37.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,888 shares of the restaurant operator’s stock after selling 37,667 shares during the quarter. Quantbot Technologies LP’s holdings in Wendy’s were worth $1,102,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of Wendy’s by 76.8% in the 2nd quarter. AQR Capital Management LLC now owns 6,813,786 shares of the restaurant operator’s stock valued at $115,562,000 after purchasing an additional 2,960,526 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Wendy’s by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,094,694 shares of the restaurant operator’s stock worth $69,446,000 after buying an additional 70,514 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Wendy’s by 113.6% in the second quarter. Squarepoint Ops LLC now owns 3,491,376 shares of the restaurant operator’s stock worth $59,214,000 after buying an additional 1,856,970 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Wendy’s by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,745,202 shares of the restaurant operator’s stock worth $46,559,000 after acquiring an additional 102,512 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Wendy’s during the 2nd quarter valued at about $42,085,000. 85.96% of the stock is owned by institutional investors.

Wendy’s Price Performance

Wendy’s stock opened at $18.36 on Friday. The business has a 50 day simple moving average of $18.67 and a 200 day simple moving average of $17.61. The Wendy’s Company has a one year low of $15.61 and a one year high of $20.65. The company has a market capitalization of $3.74 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.58 and a beta of 0.79. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.10 and a quick ratio of 2.08.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $560.50 million. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. On average, sell-side analysts forecast that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Monday, December 2nd. Wendy’s’s payout ratio is 105.26%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wedbush restated a “neutral” rating and issued a $20.00 target price on shares of Wendy’s in a report on Friday, November 1st. Truist Financial raised their target price on shares of Wendy’s from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup boosted their target price on shares of Wendy’s from $18.00 to $18.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. TD Cowen raised their price target on Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Wendy’s from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.36.

Wendy’s Company Profile

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.