Teachers Advisors LLC Has $6.80 Million Stake in Wendys Co (WEN)

Teachers Advisors LLC decreased its position in shares of Wendys Co (NASDAQ:WEN) by 41.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 414,400 shares of the restaurant operator’s stock after selling 292,627 shares during the quarter. Teachers Advisors LLC’s holdings in Wendys were worth $6,804,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Wendys by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,248 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 3,753 shares in the last quarter. Boston Advisors LLC bought a new stake in shares of Wendys during the fourth quarter valued at about $199,000. State of Alaska Department of Revenue bought a new stake in shares of Wendys during the fourth quarter valued at about $220,000. Oppenheimer & Co. Inc. bought a new stake in shares of Wendys during the fourth quarter valued at about $234,000. Finally, Virtu Financial LLC bought a new stake in shares of Wendys during the fourth quarter valued at about $247,000. 80.55% of the stock is owned by institutional investors.

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Shares of Wendys stock opened at $17.02 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 4.75. Wendys Co has a 52 week low of $13.38 and a 52 week high of $17.70. The stock has a market capitalization of $4,149.05, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 1.62 and a beta of 0.75.

Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The company had revenue of $309.25 million for the quarter. Wendys had a return on equity of 21.24% and a net margin of 15.86%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. analysts predict that Wendys Co will post 0.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from Wendys’s previous quarterly dividend of $0.07. Wendys’s payout ratio is presently 79.07%.

Wendys announced that its board has initiated a stock buyback program on Thursday, February 15th that authorizes the company to buyback $175.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

WEN has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Wendys from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Wedbush upgraded shares of Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Wednesday, December 20th. Royal Bank of Canada restated a “hold” rating and set a $18.00 price objective on shares of Wendys in a research note on Friday, December 22nd. TheStreet upgraded shares of Wendys from a “c+” rating to a “b-” rating in a research note on Thursday, December 28th. Finally, SunTrust Banks lifted their price objective on shares of Wendys to $22.00 in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.48.

In related news, CFO Gunther Plosch acquired 5,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were purchased at an average price of $16.62 per share, for a total transaction of $83,100.00. Following the acquisition, the chief financial officer now owns 25,000 shares in the company, valued at $415,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Trian Partners Parallel Fund I sold 5,000,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $16.50, for a total value of $82,500,000.00. Following the sale, the insider now owns 5,409,971 shares in the company, valued at approximately $89,264,521.50. The disclosure for this sale can be found here. 26.50% of the stock is currently owned by insiders.

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About Wendys

The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.

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Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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