The Wendy’s Company (NASDAQ:WEN) Position Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of The Wendy’s Company (NASDAQ:WENGet Rating) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,825,603 shares of the restaurant operator’s stock after selling 17,044 shares during the period. Dimensional Fund Advisors LP owned 1.73% of Wendy’s worth $91,241,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ahrens Investment Partners LLC bought a new stake in Wendy’s during the fourth quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Wendy’s in the fourth quarter valued at $34,000. Spire Wealth Management increased its holdings in shares of Wendy’s by 210.0% in the fourth quarter. Spire Wealth Management now owns 3,100 shares of the restaurant operator’s stock valued at $74,000 after buying an additional 2,100 shares in the last quarter. CWM LLC bought a new position in shares of Wendy’s in the fourth quarter valued at $81,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Wendy’s by 40.4% in the third quarter. Rockefeller Capital Management L.P. now owns 4,498 shares of the restaurant operator’s stock valued at $97,000 after buying an additional 1,295 shares in the last quarter. 69.97% of the stock is currently owned by hedge funds and other institutional investors.

WEN stock opened at $17.33 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 6.68. The Wendy’s Company has a 1 year low of $15.77 and a 1 year high of $29.46. The company has a fifty day simple moving average of $20.61 and a 200 day simple moving average of $21.89. The firm has a market cap of $3.73 billion, a PE ratio of 19.69, a PEG ratio of 1.71 and a beta of 0.95.

Wendy’s (NASDAQ:WENGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Wendy’s had a net margin of 10.56% and a return on equity of 35.44%. During the same quarter last year, the business posted $0.20 earnings per share. As a group, analysts forecast that The Wendy’s Company will post 0.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Tuesday, May 31st. Wendy’s’s payout ratio is presently 56.82%.

Several research analysts have issued reports on the company. Evercore ISI reaffirmed a “buy” rating and issued a $27.00 price target on shares of Wendy’s in a report on Friday, February 25th. StockNews.com initiated coverage on Wendy’s in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley lowered their price objective on shares of Wendy’s from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 14th. BMO Capital Markets cut shares of Wendy’s from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $28.00 to $22.00 in a research report on Monday, April 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wendy’s from $26.00 to $20.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $26.12.

Wendy’s Profile (Get Rating)

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.

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Institutional Ownership by Quarter for Wendy's (NASDAQ:WEN)

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