CIBC Private Wealth Group LLC Has $267,000 Holdings in The Wendy’s Company (NASDAQ:WEN)

CIBC Private Wealth Group LLC cut its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,590 shares of the restaurant operator’s stock after selling 2,349 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Wendy’s were worth $267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised 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 valued at $25,000 after acquiring an additional 1,220 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Wendy’s in the fourth quarter valued at about $30,000. GAMMA Investing LLC lifted its position in Wendy’s by 168.1% during the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 1,400 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Wendy’s during the fourth quarter worth about $46,000. Finally, Bartlett & CO. Wealth Management LLC increased 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 valued at $51,000 after buying an additional 985 shares during the period. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WEN has been the subject of a number of recent analyst reports. Truist Financial cut their price target on shares of Wendy’s from $22.00 to $19.00 and set a “buy” rating for the company in a report on Friday, February 14th. UBS Group raised their target price on Wendy’s from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, March 7th. The Goldman Sachs Group decreased their price target on Wendy’s from $17.00 to $15.00 and set a “sell” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price objective on shares of Wendy’s in a research report on Tuesday, March 4th. Finally, Stephens reissued an “equal weight” rating and set a $15.00 target price on shares of Wendy’s in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.08.

Wendy’s Stock Down 5.5 %

Wendy’s stock opened at $13.30 on Friday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 2.00 and a beta of 0.61. The Wendy’s Company has a 52-week low of $13.22 and a 52-week high of $20.65. The company has a debt-to-equity ratio of 12.48, a quick ratio of 1.83 and a current ratio of 1.85. The firm has a 50 day moving average price of $14.97 and a two-hundred day moving average price of $16.65.

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 the consensus estimate of $0.24 by $0.01. Wendy’s had a net margin of 8.65% and a return on equity of 75.56%. The business had revenue of $574.27 million for the quarter, compared to analyst estimates of $564.17 million. Equities analysts predict that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 7.52%. Wendy’s’s payout ratio is currently 105.26%.

Wendy’s Company Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.