Gateway Investment Advisers LLC Increases Stake in Wendy’s Company (The) (WEN)

Gateway Investment Advisers LLC boosted its position in shares of Wendy’s Company (The) (NASDAQ:WEN) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 615,105 shares of the restaurant operator’s stock after buying an additional 1,416 shares during the period. Gateway Investment Advisers LLC owned 0.25% of Wendy’s Company (The) worth $9,540,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WEN. Tyers Asset Management LLC increased its stake in shares of Wendy’s Company (The) by 1.3% in the first quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock worth $103,000 after buying an additional 96 shares during the last quarter. Elkfork Partners LLC increased its stake in shares of Wendy’s Company (The) by 1.3% in the first quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock worth $142,000 after buying an additional 132 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in shares of Wendy’s Company (The) by 1.3% in the first quarter. Meadow Creek Investment Management LLC now owns 13,244 shares of the restaurant operator’s stock worth $180,000 after buying an additional 168 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Wendy’s Company (The) by 1.3% in the first quarter. Glen Harbor Capital Management LLC now owns 16,082 shares of the restaurant operator’s stock worth $219,000 after buying an additional 204 shares during the last quarter. Finally, World Asset Management Inc increased its stake in shares of Wendy’s Company (The) by 4.3% in the first quarter. World Asset Management Inc now owns 13,100 shares of the restaurant operator’s stock worth $178,000 after buying an additional 540 shares during the last quarter. 77.76% of the stock is currently owned by institutional investors.

Shares of Wendy’s Company (NASDAQ WEN) traded down 1.62% on Tuesday, hitting $15.22. The company had a trading volume of 5,572,182 shares. The stock has a market capitalization of $3.74 billion, a PE ratio of 30.87 and a beta of 0.97. Wendy’s Company has a 52 week low of $9.39 and a 52 week high of $16.66. The firm’s 50 day moving average price is $15.54 and its 200-day moving average price is $14.66.

Wendy’s Company (The) (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.05. Wendy’s Company (The) had a net margin of 9.43% and a return on equity of 16.31%. Analysts forecast that Wendy’s Company will post $0.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, August 30th. Wendy’s Company (The)’s dividend payout ratio (DPR) is presently 58.33%.

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A number of equities research analysts have weighed in on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $16.00 target price on shares of Wendy’s Company (The) in a report on Tuesday, July 25th. SunTrust Banks, Inc. set a $18.00 target price on Wendy’s Company (The) and gave the stock a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research upgraded Wendy’s Company (The) from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Vetr downgraded Wendy’s Company (The) from a “buy” rating to a “hold” rating and set a $16.92 price objective for the company. in a report on Wednesday, May 24th. Finally, BidaskClub downgraded Wendy’s Company (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Wendy’s Company (The) presently has an average rating of “Buy” and a consensus price target of $15.73.

In other Wendy’s Company (The) news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of Wendy’s Company (The) stock in a transaction on Monday, June 5th. The stock was sold at an average price of $15.97, for a total value of $87,835,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 26.50% of the stock is currently owned by company insiders.

Wendy’s Company (The) 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 Wendy`s Company (The) (NASDAQ:WEN)

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