New York State Teachers Retirement System Sells 5,400 Shares of The Wendy’s Company (NASDAQ:WEN)

New York State Teachers Retirement System lowered its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 217,591 shares of the restaurant operator’s stock after selling 5,400 shares during the period. New York State Teachers Retirement System owned about 0.11% of Wendy’s worth $3,547,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WEN. Blue Trust Inc. raised its stake in Wendy’s by 670.3% during the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock worth $25,000 after buying an additional 1,220 shares during the last quarter. GAMMA Investing LLC raised its stake in Wendy’s by 168.1% during the fourth quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after buying an additional 1,400 shares during the last quarter. AM Squared Ltd bought a new position in Wendy’s during the third quarter worth $49,000. Bartlett & CO. Wealth Management LLC raised its stake in Wendy’s by 46.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock worth $51,000 after buying an additional 985 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Wendy’s by 39.6% during the third quarter. Signaturefd LLC now owns 3,690 shares of the restaurant operator’s stock worth $65,000 after buying an additional 1,046 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.

Analyst Ratings Changes

WEN has been the subject of a number of analyst reports. Argus raised shares of Wendy’s to a “strong-buy” rating in a research note on Tuesday. Stifel Nicolaus decreased their price target on shares of Wendy’s from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday. Truist Financial decreased their price target on shares of Wendy’s from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group decreased their price target on shares of Wendy’s from $17.00 to $15.00 and set a “sell” rating for the company in a research note on Thursday, February 6th. Finally, BMO Capital Markets lifted their price target on shares of Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.81.

Wendy’s Stock Down 0.2 %

Wendy’s stock opened at $15.21 on Friday. The Wendy’s Company has a fifty-two week low of $13.72 and a fifty-two week high of $20.65. The stock has a market cap of $3.10 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.04 and a beta of 0.77. The firm’s 50-day simple moving average is $15.32 and its 200 day simple moving average is $17.05. The company has a debt-to-equity ratio of 12.48, a quick ratio of 1.83 and a current ratio of 1.85.

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

Wendy’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.57%. The ex-dividend date is Monday, March 3rd. 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.