The Wendy’s Company (NASDAQ:WEN) Position Boosted by AMG National Trust Bank

AMG National Trust Bank increased its holdings in The Wendy’s Company (NASDAQ:WEN) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,645 shares of the restaurant operator’s stock after buying an additional 13,369 shares during the quarter. AMG National Trust Bank’s holdings in Wendy’s were worth $1,230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Wendy’s by 670.3% in the 4th quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock worth $25,000 after buying an additional 1,220 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Wendy’s in the 4th quarter worth approximately $30,000. GAMMA Investing LLC grew its holdings in Wendy’s by 168.1% in the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after buying an additional 1,400 shares in the last quarter. AM Squared Ltd bought a new position in Wendy’s in the 3rd quarter worth approximately $49,000. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in Wendy’s by 46.4% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock worth $51,000 after buying an additional 985 shares in the last quarter. 85.96% of the stock is owned by institutional investors.

Wendy’s Price Performance

WEN opened at $15.53 on Friday. The stock has a fifty day moving average of $15.08 and a 200-day moving average of $16.94. The firm has a market capitalization of $3.11 billion, a P/E ratio of 16.35, a PEG ratio of 2.00 and a beta of 0.77. The Wendy’s Company has a 12-month low of $13.72 and a 12-month high of $20.65. The company has a quick ratio of 1.83, a current ratio of 1.85 and a debt-to-equity ratio of 12.48.

Wendy’s (NASDAQ:WEN) last released its earnings results on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $574.27 million during the quarter, compared to analyst estimates of $564.17 million. Wendy’s had a return on equity of 75.56% and a net margin of 8.65%. Equities analysts forecast that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.44%. Wendy’s’s payout ratio is currently 105.26%.

Wall Street Analyst Weigh In

WEN has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 price target on shares of Wendy’s in a research note on Tuesday. Wedbush reaffirmed a “neutral” rating and set a $16.00 price target on shares of Wendy’s in a research note on Friday. Barclays increased their price target on Wendy’s from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday. Argus raised Wendy’s to a “strong-buy” rating in a research note on Tuesday, February 18th. Finally, Truist Financial decreased their price target on Wendy’s from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.08.

Wendy’s Company Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.