Poinciana Advisors Group LLC Invests $284,000 in The Wendy’s Company (NASDAQ:WEN)

Poinciana Advisors Group LLC bought a new position in shares of The Wendy’s Company (NASDAQ:WEN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,444 shares of the restaurant operator’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Point72 Asset Management L.P. increased its position in shares of Wendy’s by 159.6% during the third quarter. Point72 Asset Management L.P. now owns 6,440,880 shares of the restaurant operator’s stock worth $112,844,000 after acquiring an additional 3,959,480 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Wendy’s by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,303,279 shares of the restaurant operator’s stock valued at $102,743,000 after buying an additional 458,106 shares during the last quarter. State Street Corp increased its holdings in Wendy’s by 0.7% in the third quarter. State Street Corp now owns 5,187,593 shares of the restaurant operator’s stock valued at $90,887,000 after buying an additional 37,801 shares during the last quarter. Geode Capital Management LLC increased its holdings in Wendy’s by 3.9% in the third quarter. Geode Capital Management LLC now owns 3,097,836 shares of the restaurant operator’s stock valued at $54,287,000 after buying an additional 115,875 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Wendy’s by 93.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,591,281 shares of the restaurant operator’s stock valued at $25,938,000 after buying an additional 766,910 shares during the last quarter. 85.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Truist Financial lowered their price objective on Wendy’s from $22.00 to $19.00 and set a “buy” rating for the company in a report on Friday, February 14th. Stifel Nicolaus lowered their price objective on Wendy’s from $17.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Morgan Stanley reissued an “underweight” rating and issued a $14.00 price objective (down from $22.00) on shares of Wendy’s in a report on Tuesday, January 21st. Barclays upped their target price on Wendy’s from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, March 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 target price on shares of Wendy’s in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.08.

Wendy’s Stock Performance

Shares of NASDAQ WEN opened at $15.35 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.83 and a debt-to-equity ratio of 12.48. The stock has a 50 day simple moving average of $14.99 and a 200-day simple moving average of $16.89. The company has a market cap of $3.08 billion, a PE ratio of 16.16, a P/E/G ratio of 2.00 and a beta of 0.73. The Wendy’s Company has a 12-month low of $13.72 and a 12-month high of $20.65.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $574.27 million during the quarter, compared to the consensus estimate of $564.17 million. Wendy’s had a return on equity of 75.56% and a net margin of 8.65%. On average, equities research analysts forecast that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 6.51%. Wendy’s’s dividend payout ratio (DPR) is 105.26%.

Wendy’s 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.