IFP Advisors Inc Has $108,000 Position in The Wendy’s Company (NASDAQ:WEN)

IFP Advisors Inc raised its stake in shares of The Wendy’s Company (NASDAQ:WEN) by 54.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,597 shares of the restaurant operator’s stock after buying an additional 2,338 shares during the period. IFP Advisors Inc’s holdings in Wendy’s were worth $108,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Wendy’s by 670.3% in the 4th quarter. Blue Trust Inc. now owns 1,402 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 1,220 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Wendy’s by 168.1% in the 4th quarter. GAMMA Investing LLC now owns 2,233 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 1,400 shares during the last quarter. AM Squared Ltd acquired a new stake in shares of Wendy’s in the 3rd quarter valued at $49,000. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Wendy’s by 46.4% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,107 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 985 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Wendy’s in the 3rd quarter valued at $101,000. Institutional investors and hedge funds own 85.96% of the company’s stock.

Analyst Ratings Changes

WEN has been the subject of several analyst reports. Truist Financial reduced their price objective 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. Wedbush lifted their price objective on shares of Wendy’s from $15.50 to $16.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Barclays reduced their price objective on shares of Wendy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. UBS Group cut their target price on shares of Wendy’s from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Morgan Stanley reissued an “underweight” rating and set a $14.00 target price (down previously from $22.00) on shares of Wendy’s in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.34.

Wendy’s Stock Performance

NASDAQ:WEN opened at $14.92 on Wednesday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 2.00 and a beta of 0.77. The firm’s 50-day moving average is $15.18 and its 200-day moving average is $16.98. 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.

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

Wendy’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 6.70%. Wendy’s’s payout ratio is currently 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.