Hexagon Capital Partners LLC Purchases 1,265 Shares of The Wendy’s Company (NASDAQ:WEN)

Hexagon Capital Partners LLC raised its position in shares of The Wendy’s Company (NASDAQ:WEN) by 44.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,108 shares of the restaurant operator’s stock after acquiring an additional 1,265 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Wendy’s were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Wendy’s during the 4th quarter worth about $27,627,000. Vanguard Group Inc. raised its holdings in shares of Wendy’s by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 20,248,412 shares of the restaurant operator’s stock worth $413,270,000 after acquiring an additional 1,162,540 shares during the last quarter. Capital Research Global Investors acquired a new stake in shares of Wendy’s in the 4th quarter worth about $20,574,000. AQR Capital Management LLC raised its holdings in shares of Wendy’s by 193.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,277,958 shares of the restaurant operator’s stock worth $26,083,000 after acquiring an additional 842,856 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. acquired a new stake in shares of Wendy’s in the 3rd quarter worth about $4,297,000. Institutional investors own 85.96% of the company’s stock.

Wendy’s Stock Performance

WEN traded down $0.53 on Monday, hitting $16.43. The company’s stock had a trading volume of 3,260,310 shares, compared to its average volume of 3,405,019. The company’s 50 day simple moving average is $17.92 and its 200-day simple moving average is $18.56. The firm has a market cap of $3.37 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.70 and a beta of 0.76. The Wendy’s Company has a 12 month low of $16.22 and a 12 month high of $22.42. The company has a quick ratio of 2.02, a current ratio of 2.04 and a debt-to-equity ratio of 11.21.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $534.80 million during the quarter, compared to the consensus estimate of $540.84 million. Wendy’s had a net margin of 9.44% and a return on equity of 62.68%. Wendy’s’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.21 EPS. Analysts forecast that The Wendy’s Company will post 1 EPS for the current year.

Wendy’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend was Monday, June 3rd. Wendy’s’s dividend payout ratio (DPR) is presently 101.01%.

Insider Buying and Selling at Wendy’s

In other Wendy’s news, CMO Juan Carlos Loredo sold 44,806 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $19.50, for a total value of $873,717.00. Following the completion of the transaction, the chief marketing officer now directly owns 27,586 shares of the company’s stock, valued at approximately $537,927. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 17.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WEN. TD Cowen restated a “hold” rating and issued a $19.00 target price on shares of Wendy’s in a report on Thursday, June 13th. Wedbush increased their price objective on shares of Wendy’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. increased their price objective on shares of Wendy’s from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. UBS Group increased their price objective on shares of Wendy’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Piper Sandler increased their price objective on shares of Wendy’s from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Wendy’s currently has a consensus rating of “Hold” and an average target price of $21.79.

About Wendy’s

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.