Xponance Inc. Sells 991 Shares of The Wendy’s Company (NASDAQ:WEN)

Xponance Inc. decreased its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,350 shares of the restaurant operator’s stock after selling 991 shares during the period. Xponance Inc.’s holdings in Wendy’s were worth $728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. CWM LLC lifted its stake in shares of Wendy’s by 81.4% during the 3rd quarter. CWM LLC now owns 8,538 shares of the restaurant operator’s stock valued at $174,000 after buying an additional 3,830 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Wendy’s during the 3rd quarter valued at $108,000. Private Trust Co. NA purchased a new position in shares of Wendy’s during the 3rd quarter valued at $43,000. My Legacy Advisors LLC lifted its stake in shares of Wendy’s by 13.5% during the 3rd quarter. My Legacy Advisors LLC now owns 17,750 shares of the restaurant operator’s stock valued at $342,000 after buying an additional 2,114 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Wendy’s by 2.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 86,969 shares of the restaurant operator’s stock valued at $1,775,000 after buying an additional 1,723 shares in the last quarter. Institutional investors own 85.96% of the company’s stock.

Insider Activity at Wendy’s

In related news, Director Kenneth W. Gilbert sold 4,500 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $18.07, for a total transaction of $81,315.00. Following the completion of the sale, the director now owns 31,304 shares of the company’s stock, valued at $565,663.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.10% of the stock is currently owned by corporate insiders.

Wendy’s Price Performance

Shares of WEN stock opened at $20.14 on Friday. The company has a debt-to-equity ratio of 10.66, a current ratio of 2.19 and a quick ratio of 2.18. The company has a market capitalization of $4.14 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.99 and a beta of 0.82. The company’s 50-day simple moving average is $18.59 and its two-hundred day simple moving average is $19.00. The Wendy’s Company has a one year low of $17.64 and a one year high of $23.90.

Wendy’s (NASDAQ:WEN) last issued its earnings results on Thursday, February 15th. The restaurant operator reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Wendy’s had a return on equity of 56.24% and a net margin of 9.37%. The company had revenue of $540.65 million during the quarter, compared to the consensus estimate of $546.47 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. Wendy’s’s revenue was up .8% on a year-over-year basis. As a group, equities analysts anticipate that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.00 dividend on an annualized basis and a yield of 4.97%. Wendy’s’s payout ratio is 102.04%.

Wall Street Analyst Weigh In

WEN has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on shares of Wendy’s from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday, February 16th. Wedbush boosted their price target on shares of Wendy’s from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday. Truist Financial decreased their price target on shares of Wendy’s from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 20th. JPMorgan Chase & Co. cut shares of Wendy’s from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $22.00 to $19.00 in a research note on Wednesday, February 21st. Finally, Barclays cut shares of Wendy’s from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $23.00 to $21.00 in a research note on Wednesday, January 3rd. Thirteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.53.

Wendy’s Profile

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