M&T Bank Corp Has $171,000 Holdings in The Wendy’s Company (NASDAQ:WEN)

M&T Bank Corp trimmed its position in shares of The Wendy’s Company (NASDAQ:WEN) by 11.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,514 shares of the restaurant operator’s stock after selling 1,375 shares during the period. M&T Bank Corp’s holdings in Wendy’s were worth $171,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. grew its stake in Wendy’s by 159.6% during the third quarter. Point72 Asset Management L.P. now owns 6,440,880 shares of the restaurant operator’s stock worth $112,844,000 after buying an additional 3,959,480 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Wendy’s by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,303,279 shares of the restaurant operator’s stock worth $102,743,000 after buying an additional 458,106 shares in the last quarter. State Street Corp grew its stake in Wendy’s by 0.7% during the third quarter. State Street Corp now owns 5,187,593 shares of the restaurant operator’s stock worth $90,887,000 after buying an additional 37,801 shares in the last quarter. Geode Capital Management LLC grew its stake in Wendy’s by 3.9% during the third quarter. Geode Capital Management LLC now owns 3,097,836 shares of the restaurant operator’s stock worth $54,287,000 after buying an additional 115,875 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Wendy’s by 93.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,591,281 shares of the restaurant operator’s stock worth $25,938,000 after buying an additional 766,910 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Wendy’s from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Stephens restated an “equal weight” rating and issued a $15.00 price target on shares of Wendy’s in a research note on Thursday, March 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $17.00 price target (down from $20.00) on shares of Wendy’s in a research note on Wednesday, February 26th. Stifel Nicolaus reduced their price target on shares of Wendy’s from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Finally, UBS Group raised their price target on shares of Wendy’s from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Wendy’s currently has a consensus rating of “Hold” and an average target price of $18.08.

Wendy’s Stock Up 0.7 %

Shares of NASDAQ WEN opened at $15.35 on Friday. The company has a market capitalization of $3.08 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73. The Wendy’s Company has a 52-week low of $13.72 and a 52-week high of $20.65. The company has a debt-to-equity ratio of 12.48, a quick ratio of 1.83 and a current ratio of 1.85. The company’s 50 day moving average price is $14.98 and its 200-day moving average price is $16.88.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings results on Thursday, February 13th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $574.27 million for the quarter, compared to the consensus estimate of $564.17 million. Wendy’s had a net margin of 8.65% and a return on equity of 75.56%. Equities analysts forecast that The Wendy’s Company will post 0.99 earnings per share for the current year.

Wendy’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 6.51%. Wendy’s’s dividend payout ratio (DPR) is presently 105.26%.

Wendy’s Company Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.