Jupiter Asset Management Ltd. Makes New Investment in The Wendy’s Company (NASDAQ:WEN)

Jupiter Asset Management Ltd. bought a new position in The Wendy’s Company (NASDAQ:WEN) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 435,625 shares of the restaurant operator’s stock, valued at approximately $8,821,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vectors Research Management LLC increased its stake in The Wendy’s by 154.5% in the 4th quarter. Vectors Research Management LLC now owns 1,652 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 1,003 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in The Wendy’s in the 4th quarter worth about $60,000. Bedel Financial Consulting Inc. increased its stake in The Wendy’s by 212,500.0% in the 1st quarter. Bedel Financial Consulting Inc. now owns 4,252 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 4,250 shares during the last quarter. International Assets Investment Management LLC increased its stake in The Wendy’s by 91.6% in the 1st quarter. International Assets Investment Management LLC now owns 4,604 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 2,201 shares during the last quarter. Finally, CI Investments Inc. increased its stake in The Wendy’s by 22.3% in the 4th quarter. CI Investments Inc. now owns 4,628 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 844 shares during the last quarter. Institutional investors and hedge funds own 72.33% of the company’s stock.

In other news, CEO Todd Allan Penegor sold 649,626 shares of the stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $26.72, for a total value of $17,358,006.72. Following the completion of the transaction, the chief executive officer now owns 1,258,191 shares of the company’s stock, valued at approximately $33,618,863.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gunther Plosch sold 142,039 shares of the stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $27.29, for a total value of $3,876,244.31. Following the completion of the transaction, the chief financial officer now directly owns 115,281 shares of the company’s stock, valued at approximately $3,146,018.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 945,551 shares of company stock valued at $25,472,271. Company insiders own 21.20% of the company’s stock.

A number of brokerages have weighed in on WEN. Wedbush upped their target price on The Wendy’s from $27.00 to $28.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 12th. Northcoast Research lowered The Wendy’s from a “buy” rating to a “neutral” rating in a research report on Wednesday. Zacks Investment Research lowered The Wendy’s from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating on shares of The Wendy’s in a research report on Thursday, March 4th. Finally, Argus upgraded The Wendy’s from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Thursday, May 20th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $25.84.

NASDAQ WEN opened at $24.42 on Friday. The Wendy’s Company has a fifty-two week low of $18.86 and a fifty-two week high of $29.46. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 5.20. The stock has a 50 day simple moving average of $22.82. The stock has a market cap of $5.41 billion, a PE ratio of 38.76, a P/E/G ratio of 2.27 and a beta of 0.95.

The Wendy’s (NASDAQ:WEN) last released its quarterly earnings data on Wednesday, May 12th. The restaurant operator reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. The Wendy’s had a return on equity of 29.74% and a net margin of 8.09%. The business had revenue of $460.20 million during the quarter, compared to analysts’ expectations of $443.02 million. During the same quarter last year, the business posted $0.09 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Equities analysts forecast that The Wendy’s Company will post 0.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be issued a $0.10 dividend. The ex-dividend date is Friday, May 28th. This represents a $0.40 annualized dividend and a yield of 1.64%. This is a boost from The Wendy’s’s previous quarterly dividend of $0.09. The Wendy’s’s dividend payout ratio (DPR) is 70.18%.

The Wendy’s Profile

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.

Further Reading: Commodities

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

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