The Wendy’s Company (NASDAQ:WEN) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in The Wendy’s Company (NASDAQ:WEN) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,529 shares of the restaurant operator’s stock after purchasing an additional 717 shares during the quarter. Pacer Advisors Inc.’s holdings in Wendy’s were worth $416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Wendy’s by 670.3% in the fourth quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 1,220 shares in the last quarter. GAMMA Investing LLC grew its position in Wendy’s by 168.1% during the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 1,400 shares during the last quarter. AM Squared Ltd acquired a new position in Wendy’s during the 3rd quarter valued at approximately $49,000. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Wendy’s by 46.4% in 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 lifted its stake in shares of 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 period. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

Wendy’s Stock Up 0.3 %

Wendy’s stock opened at $15.08 on Wednesday. The stock has a market cap of $3.07 billion, a PE ratio of 15.87, a P/E/G ratio of 2.25 and a beta of 0.77. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.10 and a quick ratio of 2.08. The stock’s fifty day moving average is $16.11 and its two-hundred day moving average is $17.25. The Wendy’s Company has a 1-year low of $13.98 and a 1-year high of $20.65.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WEN. Citigroup increased their price objective on shares of Wendy’s from $18.00 to $18.75 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Morgan Stanley reiterated an “underweight” rating and issued a $14.00 price objective (down from $22.00) on shares of Wendy’s in a report on Tuesday, January 21st. TD Cowen raised their target price on Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Wedbush reiterated a “neutral” rating and set a $20.00 price target on shares of Wendy’s in a research report on Friday, November 1st. Finally, Truist Financial raised their price objective on Wendy’s from $21.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.71.

Wendy’s 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.