The Wendy’s Company (NASDAQ:WEN) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in shares of The Wendy’s Company (NASDAQ:WEN) by 84.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,530 shares of the restaurant operator’s stock after acquiring an additional 10,302 shares during the period. Nisa Investment Advisors LLC’s holdings in Wendy’s were worth $439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WEN. Advisor Resource Council purchased a new position in shares of Wendy’s during the 4th quarter worth approximately $372,000. Highlander Capital Management LLC raised its stake in shares of Wendy’s by 250.0% during the 4th quarter. Highlander Capital Management LLC now owns 1,400 shares of the restaurant operator’s stock worth $27,000 after buying an additional 1,000 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Wendy’s by 193.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,277,958 shares of the restaurant operator’s stock worth $26,083,000 after buying an additional 842,856 shares in the last quarter. Citigroup Inc. raised its stake in shares of Wendy’s by 484.0% during the 3rd quarter. Citigroup Inc. now owns 209,718 shares of the restaurant operator’s stock worth $4,280,000 after buying an additional 173,805 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Wendy’s by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 20,248,412 shares of the restaurant operator’s stock worth $413,270,000 after buying an additional 1,162,540 shares in the last quarter. 85.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WEN. JPMorgan Chase & Co. downgraded Wendy’s from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $19.00 in a research note on Wednesday, February 21st. Truist Financial cut their target price on Wendy’s from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, February 20th. BMO Capital Markets reduced their price objective on Wendy’s from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, February 16th. Stephens started coverage on Wendy’s in a report on Friday, April 12th. They set an “equal weight” rating and a $20.00 price objective for the company. Finally, Gordon Haskett downgraded Wendy’s from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a research report on Tuesday, January 16th. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.47.

Insider Buying and Selling at Wendy’s

In other Wendy’s news, Director Kenneth W. Gilbert sold 4,500 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was 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 document filed with the SEC, which is available through this hyperlink. 17.10% of the stock is owned by company insiders.

Wendy’s Price Performance

Shares of NASDAQ:WEN opened at $19.02 on Thursday. The company has a market cap of $3.91 billion, a P/E ratio of 19.41, a P/E/G ratio of 1.83 and a beta of 0.82. The company has a quick ratio of 2.18, a current ratio of 2.19 and a debt-to-equity ratio of 10.66. The Wendy’s Company has a 52 week low of $17.64 and a 52 week high of $23.90. The business has a fifty day simple moving average of $18.54 and a 200-day simple moving average of $18.99.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $540.65 million during the quarter, compared to analysts’ expectations of $546.47 million. Wendy’s had a net margin of 9.37% and a return on equity of 56.24%. Wendy’s’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. Equities research analysts forecast that The Wendy’s Company will post 0.99 EPS for the current year.

Wendy’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend was Thursday, February 29th. Wendy’s’s dividend payout ratio (DPR) is presently 102.04%.

Wendy’s Company 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.