Paloma Partners Management Co Lowers Position in Wendy’s Company (The) (WEN)

Paloma Partners Management Co reduced its stake in shares of Wendy’s Company (The) (NASDAQ:WEN) by 82.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,014 shares of the restaurant operator’s stock after selling 64,698 shares during the period. Paloma Partners Management Co’s holdings in Wendy’s Company (The) were worth $191,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tyers Asset Management LLC raised its stake in Wendy’s Company (The) by 1.3% in the first quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 96 shares during the period. Elkfork Partners LLC raised its stake in Wendy’s Company (The) by 1.3% in the first quarter. Elkfork Partners LLC now owns 10,406 shares of the restaurant operator’s stock valued at $142,000 after buying an additional 132 shares during the period. Weiss Asset Management LP purchased a new stake in Wendy’s Company (The) during the first quarter valued at approximately $150,000. Private Advisor Group LLC purchased a new stake in Wendy’s Company (The) during the first quarter valued at approximately $174,000. Finally, World Asset Management Inc raised its stake in Wendy’s Company (The) by 4.3% in the first quarter. World Asset Management Inc now owns 13,100 shares of the restaurant operator’s stock valued at $178,000 after buying an additional 540 shares during the period. Hedge funds and other institutional investors own 77.76% of the company’s stock.

Shares of Wendy’s Company (NASDAQ WEN) opened at 15.39 on Friday. The company has a market capitalization of $3.75 billion, a P/E ratio of 39.97 and a beta of 0.97. Wendy’s Company has a 12-month low of $9.82 and a 12-month high of $16.66. The stock’s 50 day moving average is $15.56 and its 200-day moving average is $14.73.

Wendy’s Company (The) (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $320.34 million during the quarter, compared to analysts’ expectations of $298.72 million. Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. The company’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. Analysts anticipate that Wendy’s Company will post $0.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.07 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.82%. Wendy’s Company (The)’s dividend payout ratio (DPR) is presently 75.68%.

ILLEGAL ACTIVITY WARNING: This piece was first published by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/08/13/paloma-partners-management-co-sells-64698-shares-of-wendys-company-the-wen-updated-updated.html.

Several brokerages have recently issued reports on WEN. BMO Capital Markets restated a “buy” rating on shares of Wendy’s Company (The) in a research note on Friday. Zacks Investment Research lowered shares of Wendy’s Company (The) from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank Of Canada reiterated a “hold” rating and issued a $16.00 price objective on shares of Wendy’s Company (The) in a research note on Friday. UBS AG reiterated a “sell” rating and issued a $13.00 price objective (up from $12.00) on shares of Wendy’s Company (The) in a research note on Thursday. Finally, Wedbush reiterated a “hold” rating on shares of Wendy’s Company (The) in a research note on Wednesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $15.56.

In other news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $15.97, for a total value of $87,835,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 26.50% of the company’s stock.

Wendy’s Company (The) Company Profile

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.

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

Receive News & Ratings for Wendy's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply