PNC Financial Services Group Inc. Has $131,000 Stock Position in The Wendy’s Company $WEN

PNC Financial Services Group Inc. lowered its stake in The Wendy’s Company (NASDAQ:WEN) by 54.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,961 shares of the restaurant operator’s stock after selling 10,562 shares during the period. PNC Financial Services Group Inc.’s holdings in Wendy’s were worth $131,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Wendy’s by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,033,560 shares of the restaurant operator’s stock worth $65,747,000 after purchasing an additional 43,805 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Wendy’s by 3.0% during the fourth quarter. Janus Henderson Group PLC now owns 3,133,832 shares of the restaurant operator’s stock worth $51,081,000 after purchasing an additional 90,380 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Wendy’s by 5.9% during the first quarter. Bank of New York Mellon Corp now owns 2,577,359 shares of the restaurant operator’s stock worth $37,707,000 after purchasing an additional 142,500 shares during the period. Northern Trust Corp lifted its holdings in shares of Wendy’s by 24.3% during the fourth quarter. Northern Trust Corp now owns 1,575,420 shares of the restaurant operator’s stock worth $25,679,000 after purchasing an additional 308,142 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Wendy’s by 3,249.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 1,568,348 shares of the restaurant operator’s stock worth $25,564,000 after purchasing an additional 1,521,527 shares during the period. Institutional investors and hedge funds own 85.96% of the company’s stock.

Insider Activity

In other Wendy’s news, CMO Lindsay J. Radkoski bought 5,050 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was purchased at an average cost of $11.68 per share, with a total value of $58,984.00. Following the transaction, the chief marketing officer directly owned 28,956 shares in the company, valued at $338,206.08. This trade represents a 21.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.00% of the stock is currently owned by corporate insiders.

Wendy’s Trading Down 0.9%

WEN opened at $10.58 on Wednesday. The Wendy’s Company has a 1-year low of $9.74 and a 1-year high of $20.60. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 28.74. The company has a market cap of $2.02 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.31. The company has a fifty day moving average price of $10.92 and a two-hundred day moving average price of $12.63.

Wendy’s (NASDAQ:WEN) last posted its earnings results on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $560.93 million during the quarter, compared to the consensus estimate of $558.95 million. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. Analysts predict that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.56 annualized dividend and a dividend yield of 5.3%. Wendy’s’s dividend payout ratio (DPR) is currently 58.33%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Wendy’s from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. TD Securities lowered their target price on shares of Wendy’s from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 2nd. Sanford C. Bernstein set a $13.00 target price on shares of Wendy’s in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on shares of Wendy’s from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday, August 11th. Finally, Stifel Nicolaus set a $12.00 target price on shares of Wendy’s in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.76.

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.