Nisa Investment Advisors LLC Sells 9,951 Shares of The Wendy’s Company (NASDAQ:WEN)

Nisa Investment Advisors LLC lowered its stake in shares of The Wendy’s Company (NASDAQ:WEN) by 77.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,914 shares of the restaurant operator’s stock after selling 9,951 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Wendy’s were worth $43,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its position in Wendy’s by 1.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 57,400 shares of the restaurant operator’s stock valued at $979,000 after acquiring an additional 797 shares during the last quarter. FSM Wealth Advisors LLC grew its position in Wendy’s by 5.5% in the 1st quarter. FSM Wealth Advisors LLC now owns 16,207 shares of the restaurant operator’s stock valued at $237,000 after acquiring an additional 842 shares during the last quarter. Natixis Advisors LLC grew its position in Wendy’s by 6.1% in the 4th quarter. Natixis Advisors LLC now owns 15,634 shares of the restaurant operator’s stock valued at $255,000 after acquiring an additional 897 shares during the last quarter. Ausdal Financial Partners Inc. grew its position in Wendy’s by 9.9% in the 4th quarter. Ausdal Financial Partners Inc. now owns 11,232 shares of the restaurant operator’s stock valued at $183,000 after acquiring an additional 1,008 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Wendy’s by 22.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 7,223 shares of the restaurant operator’s stock valued at $105,000 after acquiring an additional 1,303 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.

Insider Buying and Selling

In other Wendy’s news, CMO Lindsay J. Radkoski bought 5,050 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was bought at an average price of $11.68 per share, with a total value of $58,984.00. Following the completion of the purchase, the chief marketing officer directly owned 28,956 shares in the company, valued at $338,206.08. The trade was a 21.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Abigail E. Pringle sold 136,819 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $12.81, for a total value of $1,752,651.39. Following the sale, the insider directly owned 203,005 shares of the company’s stock, valued at approximately $2,600,494.05. This trade represents a 40.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.00% of the company’s stock.

Wendy’s Stock Performance

Shares of WEN stock opened at $10.47 on Friday. The company has a market capitalization of $2.01 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.67 and a beta of 0.34. The business’s 50 day moving average is $11.51 and its two-hundred day moving average is $13.33. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 24.88. The Wendy’s Company has a 12-month low of $10.33 and a 12-month high of $20.60.

Wendy’s (NASDAQ:WEN) last released its earnings results on Friday, May 2nd. The restaurant operator reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $523.47 million for the quarter, compared to the consensus estimate of $530.11 million. Wendy’s had a return on equity of 85.36% and a net margin of 8.57%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. Analysts expect that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.14 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 5.35%. Wendy’s’s payout ratio is 59.57%.

Analyst Ratings Changes

WEN has been the subject of several research reports. Guggenheim cut Wendy’s from a “buy” rating to a “neutral” rating in a report on Wednesday, May 14th. Morgan Stanley set a $11.00 target price on Wendy’s and gave the stock an “underweight” rating in a report on Monday, July 14th. Loop Capital lowered their target price on Wendy’s from $21.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday. Bank of America lowered their target price on Wendy’s from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday. Finally, Barclays decreased their price objective on Wendy’s from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.63.

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.