Hsbc Holdings PLC Makes New Investment in The Wendy’s Company (NASDAQ:WEN)

Hsbc Holdings PLC purchased a new position in shares of The Wendy’s Company (NASDAQ:WENFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 130,493 shares of the restaurant operator’s stock, valued at approximately $2,533,000. Hsbc Holdings PLC owned about 0.06% of Wendy’s at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WEN. Highlander Capital Management LLC lifted its holdings in shares of Wendy’s by 250.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,400 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 1,000 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Wendy’s by 203.2% in the 3rd quarter. Spire Wealth Management now owns 1,516 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 1,016 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Wendy’s by 145.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,116 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 1,255 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Wendy’s in the 3rd quarter valued at about $42,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Wendy’s by 58.0% in the 4th quarter. Fifth Third Bancorp now owns 2,352 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 863 shares during the last quarter. 85.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CMO Juan Carlos Loredo sold 44,806 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $19.50, for a total value of $873,717.00. Following the sale, the chief marketing officer now owns 27,586 shares in the company, valued at approximately $537,927. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 17.10% of the company’s stock.

Wendy’s Stock Performance

NASDAQ WEN opened at $17.04 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.02 and a debt-to-equity ratio of 11.21. The business’s 50 day moving average is $18.66 and its two-hundred day moving average is $18.90. The Wendy’s Company has a 12-month low of $16.65 and a 12-month high of $22.59. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.74 and a beta of 0.77.

Wendy’s (NASDAQ:WENGet Free Report) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $534.80 million for the quarter, compared to analysts’ expectations of $540.84 million. Wendy’s had a return on equity of 62.68% and a net margin of 9.44%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. Research analysts expect that The Wendy’s Company will post 1 EPS for the current year.

Wendy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date is Monday, June 3rd. Wendy’s’s dividend payout ratio is currently 101.01%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Sanford C. Bernstein downgraded Wendy’s from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $24.00 to $20.00 in a report on Thursday, February 22nd. Wedbush upped their price objective on Wendy’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Stephens reaffirmed an “equal weight” rating and set a $20.00 price objective on shares of Wendy’s in a research note on Thursday, May 2nd. Royal Bank of Canada reduced their price objective on Wendy’s from $22.00 to $20.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 20th. Finally, BMO Capital Markets upped their price objective on Wendy’s from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Fourteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Wendy’s currently has an average rating of “Hold” and a consensus target price of $22.11.

Check Out Our Latest Report on Wendy’s

About Wendy’s

(Free Report)

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.

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Institutional Ownership by Quarter for Wendy's (NASDAQ:WEN)

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