DekaBank Deutsche Girozentrale Lowers Stock Holdings in The Wendy’s Company $WEN

DekaBank Deutsche Girozentrale lowered its stake in shares of The Wendy’s Company (NASDAQ:WEN) by 18.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,920 shares of the restaurant operator’s stock after selling 1,303 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Wendy’s were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FSM Wealth Advisors LLC grew its holdings in shares of Wendy’s by 5.5% during the first quarter. FSM Wealth Advisors LLC now owns 16,207 shares of the restaurant operator’s stock worth $237,000 after buying an additional 842 shares during the last quarter. Signaturefd LLC boosted its holdings in Wendy’s by 27.4% in the 1st quarter. Signaturefd LLC now owns 4,262 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 917 shares in the last quarter. Trivium Point Advisory LLC boosted its holdings in Wendy’s by 7.9% in the 1st quarter. Trivium Point Advisory LLC now owns 13,618 shares of the restaurant operator’s stock valued at $199,000 after purchasing an additional 1,002 shares in the last quarter. Covestor Ltd boosted its holdings in Wendy’s by 25.8% in the 1st quarter. Covestor Ltd now owns 5,069 shares of the restaurant operator’s stock valued at $74,000 after purchasing an additional 1,038 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Wendy’s by 17.6% in the 2nd quarter. IFP Advisors Inc now owns 7,641 shares of the restaurant operator’s stock valued at $87,000 after purchasing an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Wendy’s Trading Down 0.6%

Shares of Wendy’s stock opened at $8.93 on Tuesday. The company has a debt-to-equity ratio of 28.74, a current ratio of 1.45 and a quick ratio of 1.43. The Wendy’s Company has a 1 year low of $8.55 and a 1 year high of $20.60. The company has a market capitalization of $1.70 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.70 and a beta of 0.38. The business has a 50 day moving average price of $9.58 and a 200 day moving average price of $10.82.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $558.95 million. During the same period in the previous year, the firm posted $0.27 EPS. The company’s quarterly revenue 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. Sell-side analysts anticipate that The Wendy’s Company will post 0.99 EPS for the current fiscal year.

Wendy’s Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have weighed in on WEN. TD Cowen lowered their price objective on Wendy’s from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, August 8th. Stephens reaffirmed an “equal weight” rating on shares of Wendy’s in a report on Monday, August 11th. Mizuho set a $8.00 price objective on Wendy’s in a report on Monday. Northcoast Research lowered Wendy’s from a “neutral” rating to a “sell” rating and set a $7.00 price objective on the stock. in a report on Thursday, September 25th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.45.

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.