Hsbc Holdings PLC Purchases New Shares in The Wendy’s Company $WEN

Hsbc Holdings PLC purchased a new stake in The Wendy’s Company (NASDAQ:WEN) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,723 shares of the restaurant operator’s stock, valued at approximately $171,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Wendy’s by 7.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,767,723 shares of the restaurant operator’s stock valued at $99,012,000 after purchasing an additional 464,444 shares during the last quarter. Bank of New York Mellon Corp raised its position in Wendy’s by 5.9% in the 1st quarter. Bank of New York Mellon Corp now owns 2,577,359 shares of the restaurant operator’s stock valued at $37,707,000 after purchasing an additional 142,500 shares during the last quarter. CWM LLC raised its position in Wendy’s by 22.6% in the 1st quarter. CWM LLC now owns 200,375 shares of the restaurant operator’s stock valued at $2,931,000 after purchasing an additional 36,954 shares during the last quarter. XTX Topco Ltd purchased a new stake in Wendy’s in the 1st quarter valued at $1,084,000. Finally, Sivia Capital Partners LLC purchased a new stake in Wendy’s in the 1st quarter valued at $326,000. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Wendy’s Stock Up 1.6%

Shares of Wendy’s stock opened at $10.33 on Friday. The company has a market cap of $1.97 billion, a P/E ratio of 10.76, a PEG ratio of 1.91 and a beta of 0.37. The company has a debt-to-equity ratio of 28.74, a quick ratio of 1.43 and a current ratio of 1.45. The Wendy’s Company has a one year low of $9.74 and a one year high of $20.60. The firm has a fifty day moving average of $10.60 and a two-hundred day moving average of $12.26.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings results on Friday, August 8th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The business 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 business’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. On average, analysts forecast that The Wendy’s Company will post 0.99 earnings per share for the current year.

Wendy’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Tuesday, September 2nd. Wendy’s’s dividend payout ratio (DPR) is currently 58.33%.

Analysts Set New Price Targets

Several analysts recently commented on WEN shares. TD Cowen reduced their price target on shares of Wendy’s from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, August 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 price target (down previously from $15.00) on shares of Wendy’s in a research report on Friday, August 8th. Piper Sandler restated an “overweight” rating and set a $13.00 price objective on shares of Wendy’s in a research report on Friday, August 8th. Morgan Stanley restated an “underweight” rating on shares of Wendy’s in a research report on Friday, August 8th. Finally, Loop Capital cut their price objective on shares of Wendy’s from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.97.

Wendy’s 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.