US Bancorp DE Has $212,000 Stock Holdings in The Wendy’s Company (NASDAQ:WEN)

US Bancorp DE decreased its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 20.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,500 shares of the restaurant operator’s stock after selling 3,817 shares during the quarter. US Bancorp DE’s holdings in Wendy’s were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Colonial Trust Co SC bought a new position in Wendy’s during the 4th quarter worth $31,000. Farther Finance Advisors LLC increased its position in Wendy’s by 1,111.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,133 shares of the restaurant operator’s stock worth $31,000 after buying an additional 1,957 shares during the period. Signaturefd LLC increased its position in Wendy’s by 27.4% during the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator’s stock worth $62,000 after buying an additional 917 shares during the period. GAMMA Investing LLC increased its position in Wendy’s by 91.0% during the 1st quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator’s stock worth $62,000 after buying an additional 2,033 shares during the period. Finally, Sterling Capital Management LLC increased its position in Wendy’s by 35.7% during the 4th quarter. Sterling Capital Management LLC now owns 6,625 shares of the restaurant operator’s stock worth $108,000 after buying an additional 1,742 shares during the period. Institutional investors and hedge funds own 85.96% of the company’s stock.

Wendy’s Stock Performance

Shares of WEN stock opened at $10.57 on Friday. The business’s 50-day moving average price is $10.95 and its 200-day moving average price is $12.70. The Wendy’s Company has a 12 month low of $9.74 and a 12 month high of $20.60. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.99 and a beta of 0.31. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%. The firm had revenue of $560.93 million for the quarter, compared to analyst estimates of $558.95 million. During the same period last year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. Wendy’s’s dividend payout ratio (DPR) is presently 58.33%.

Analyst Upgrades and Downgrades

WEN has been the topic of a number of recent analyst reports. Morgan Stanley restated an “underweight” rating on shares of Wendy’s in a research report on Friday, August 8th. JPMorgan Chase & Co. decreased their price target on Wendy’s from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, August 11th. TD Securities decreased their price target on Wendy’s from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, May 2nd. TD Cowen decreased their price target on Wendy’s from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. Finally, Sanford C. Bernstein set a $13.00 price target on Wendy’s in a research report on Monday, May 5th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.76.

Insider Activity at Wendy’s

In related news, CMO Lindsay J. Radkoski acquired 5,050 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average cost 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 17.00% of the company’s stock.

About Wendy’s

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.