Mutual of America Capital Management LLC Cuts Holdings in The Wendy’s Company $WEN

Mutual of America Capital Management LLC reduced its position in shares of The Wendy’s Company (NASDAQ:WEN) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,217 shares of the restaurant operator’s stock after selling 7,907 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Wendy’s were worth $916,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Wendy’s by 91.0% in the first quarter. GAMMA Investing LLC now owns 4,266 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 2,033 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Wendy’s by 295.4% in the first quarter. Janney Montgomery Scott LLC now owns 39,844 shares of the restaurant operator’s stock valued at $583,000 after buying an additional 29,768 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Wendy’s by 12.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 139,538 shares of the restaurant operator’s stock worth $2,041,000 after buying an additional 15,970 shares in the last quarter. KBC Group NV lifted its stake in shares of Wendy’s by 41.9% in the first quarter. KBC Group NV now owns 8,657 shares of the restaurant operator’s stock worth $127,000 after buying an additional 2,555 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in Wendy’s by 110.5% during the first quarter. Summit Trail Advisors LLC now owns 39,444 shares of the restaurant operator’s stock worth $577,000 after acquiring an additional 20,704 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Northcoast Research downgraded shares of Wendy’s from a “neutral” rating to a “sell” rating and set a $7.00 price objective for the company. in a report on Thursday, September 25th. Mizuho set a $8.00 price target on Wendy’s in a research report on Monday. Citigroup raised Wendy’s from a “hold” rating to a “strong-buy” rating in a report on Friday, August 8th. The Goldman Sachs Group lowered their price objective on Wendy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a research note on Monday, October 20th. Finally, Piper Sandler restated an “overweight” rating and issued a $13.00 target price on shares of Wendy’s in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.45.

Wendy’s Trading Down 0.6%

Shares of NASDAQ WEN opened at $8.93 on Tuesday. 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 capitalization of $1.70 billion, a PE ratio of 9.30, a PEG ratio of 1.70 and a beta of 0.38. The stock has a fifty day simple moving average of $9.58 and a 200-day simple moving average of $10.82. The Wendy’s Company has a twelve month low of $8.55 and a twelve month high of $20.60.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings data on Friday, August 8th. The restaurant operator reported $0.29 EPS for the quarter, beating 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 business had revenue of $560.93 million during the quarter, compared to analyst estimates of $558.95 million. During the same quarter last year, the firm posted $0.27 earnings per share. The business’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. On average, equities analysts forecast that The Wendy’s Company will post 0.99 earnings per share for the current year.

Wendy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.14 dividend. 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 dividend payout ratio (DPR) is presently 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.