Abich Financial Wealth Management LLC Acquires New Shares in The Wendy’s Company (NASDAQ:WEN)

Abich Financial Wealth Management LLC bought a new stake in The Wendy’s Company (NASDAQ:WEN) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,359 shares of the restaurant operator’s stock, valued at approximately $44,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Highlander Capital Management LLC boosted its holdings in shares of Wendy’s by 250.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,400 shares of the restaurant operator’s stock worth $27,000 after buying an additional 1,000 shares during the period. Salomon & Ludwin LLC raised its holdings in Wendy’s by 378.0% in the 1st quarter. Salomon & Ludwin LLC now owns 1,568 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 1,240 shares during the period. Quarry LP acquired a new stake in shares of Wendy’s in the fourth quarter worth $34,000. Bessemer Group Inc. raised its holdings in Wendy’s by 483.2% in the 1st quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 1,551 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Wendy’s by 145.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,116 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 1,255 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Wendy’s Stock Performance

NASDAQ WEN traded down $0.08 during trading on Friday, reaching $16.88. The company’s stock had a trading volume of 5,202,240 shares, compared to its average volume of 4,425,962. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.88 and a beta of 0.76. The Wendy’s Company has a 12 month low of $15.61 and a 12 month high of $22.42. The company has a current ratio of 2.17, a quick ratio of 2.02 and a debt-to-equity ratio of 12.01. The firm has a 50 day moving average price of $16.86 and a 200 day moving average price of $18.12.

Wendy’s (NASDAQ:WEN) last released its earnings results on Thursday, August 1st. The restaurant operator reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $570.73 million for the quarter, compared to the consensus estimate of $577.15 million. Wendy’s had a net margin of 9.18% and a return on equity of 67.74%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. As a group, equities analysts anticipate that The Wendy’s Company will post 1 EPS for the current fiscal year.

Wendy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 5.92%. Wendy’s’s dividend payout ratio is currently 101.01%.

Insider Activity

In other news, CMO Juan Carlos Loredo sold 44,806 shares of Wendy’s stock in a transaction dated Thursday, May 9th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on WEN shares. Stifel Nicolaus lowered their price target on Wendy’s from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Friday. TD Cowen cut their price objective on Wendy’s from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Barclays decreased their target price on Wendy’s from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday. UBS Group upped their price target on shares of Wendy’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, Loop Capital restated a “buy” rating and issued a $26.00 price objective on shares of Wendy’s in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.28.

Wendy’s Company Profile

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.