The Wendy’s Company $WEN Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,907 shares of the restaurant operator’s stock after selling 1,936 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Wendy’s were worth $627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Wendy’s by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 21,634,226 shares of the restaurant operator’s stock worth $316,509,000 after purchasing an additional 536,071 shares during the last quarter. AQR Capital Management LLC lifted its stake in Wendy’s by 2.1% in the first quarter. AQR Capital Management LLC now owns 10,638,169 shares of the restaurant operator’s stock valued at $154,998,000 after buying an additional 217,055 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Wendy’s by 7.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,767,723 shares of the restaurant operator’s stock valued at $99,012,000 after acquiring an additional 464,444 shares during the period. Northern Trust Corp grew its position in shares of Wendy’s by 89.6% during the first quarter. Northern Trust Corp now owns 2,987,332 shares of the restaurant operator’s stock worth $43,705,000 after acquiring an additional 1,411,912 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 worth $37,707,000 after acquiring an additional 142,500 shares during the period. Institutional investors and hedge funds own 85.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on WEN. Cowen restated a “hold” rating on shares of Wendy’s in a research report on Friday, August 8th. Bank of America reduced their price target on Wendy’s from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Loop Capital lowered their price target on Wendy’s from $21.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Wendy’s in a report on Friday, August 8th. Finally, Argus reissued a “hold” rating on shares of Wendy’s in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.66.

Wendy’s Price Performance

NASDAQ WEN opened at $9.55 on Monday. The Wendy’s Company has a 1 year low of $9.01 and a 1 year high of $20.60. The stock’s 50-day moving average price is $9.96 and its two-hundred day moving average price is $11.39. The company has a market cap of $1.82 billion, a PE ratio of 9.95, a PEG ratio of 1.80 and a beta of 0.38. 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 released 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 for the quarter, compared to analyst estimates 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 was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. On average, analysts predict that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Wendy’s’s dividend payout ratio (DPR) is 58.33%.

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.