KLP Kapitalforvaltning AS Raises Holdings in The Wendy’s Company $WEN

KLP Kapitalforvaltning AS boosted its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,500 shares of the restaurant operator’s stock after buying an additional 8,300 shares during the quarter. KLP Kapitalforvaltning AS owned approximately 0.05% of Wendy’s worth $1,136,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Wendy’s by 2.5% during the first 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 in the last quarter. AQR Capital Management LLC increased its position in shares of Wendy’s by 2.1% during the first quarter. AQR Capital Management LLC now owns 10,638,169 shares of the restaurant operator’s stock worth $154,998,000 after purchasing an additional 217,055 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 worth $99,012,000 after purchasing an additional 464,444 shares in the last quarter. Northern Trust Corp grew its holdings 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 valued at $43,705,000 after buying an additional 1,411,912 shares during the last quarter. Finally, Bank of New York Mellon Corp grew 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 valued at $37,707,000 after buying an additional 142,500 shares during the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WEN has been the topic of a number of research analyst reports. UBS Group reissued a “neutral” rating and set a $11.00 price objective (down from $14.00) on shares of Wendy’s in a report on Wednesday, July 30th. BTIG Research reissued a “neutral” rating on shares of Wendy’s in a report on Monday, September 15th. Wall Street Zen raised shares of Wendy’s from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Northcoast Research downgraded shares of Wendy’s from a “neutral” rating to a “sell” rating and set a $7.00 target price for the company. in a research report on Thursday, September 25th. Finally, Piper Sandler restated an “overweight” rating and set a $13.00 target price on shares of Wendy’s in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Wendy’s has an average rating of “Hold” and an average price target of $12.43.

Wendy’s Price Performance

Wendy’s stock opened at $8.92 on Wednesday. The company has a fifty day simple moving average of $9.81 and a 200-day simple moving average of $11.13. The Wendy’s Company has a 12-month low of $8.55 and a 12-month 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 stock has a market cap of $1.70 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38.

Wendy’s (NASDAQ:WEN) last announced its quarterly 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. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. 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 business earned $0.27 EPS. Wendy’s’s revenue for the quarter was down 1.7% compared to the same quarter last year. Wendy’s has set its FY 2025 guidance at 0.820-0.89 EPS. Equities analysts expect that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 6.3%. Wendy’s’s payout ratio is currently 58.33%.

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.