Caitong International Asset Management Co. Ltd Has $3.04 Million Stock Holdings in The Wendy’s Company $WEN

Caitong International Asset Management Co. Ltd boosted its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 4,834.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 366,309 shares of the restaurant operator’s stock after acquiring an additional 358,885 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Wendy’s were worth $3,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new position in Wendy’s in the fourth quarter valued at about $30,000. Fifth Third Bancorp raised its holdings in Wendy’s by 161.0% during the fourth quarter. Fifth Third Bancorp now owns 3,829 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 2,362 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in shares of Wendy’s in the fourth quarter worth about $33,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Wendy’s in the first quarter worth about $30,000. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of Wendy’s in the first quarter worth about $32,000. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Wendy’s

Here are the key news stories impacting Wendy’s this week:

• Positive Sentiment: Reports that Nelson Peltz and an investor group may launch a go-private offer for Wendy’s fueled strong buying interest. Investors may anticipate a takeover premium and see potential for Peltz to improve the struggling restaurant chain’s operations outside the public markets. Wendy’s jumps on report investor Nelson Peltz preparing bid Wendy’s shares jump 15% as Nelson Peltz prepares bid to take struggling chain private
• Positive Sentiment: Commentary suggests the potential transaction reflects investor confidence that Wendy’s turnaround efforts could create more value under activist ownership. The takeover discussion follows a period of weak sentiment toward the chain, making the possibility of strategic changes a positive catalyst for WEN. Wendy’s Takeover: Peltz May See What Public Markets Cannot

Wendy’s Price Performance

Shares of Wendy’s stock opened at $8.64 on Friday. The company has a debt-to-equity ratio of 27.95, a current ratio of 1.90 and a quick ratio of 1.88. The company has a market cap of $1.65 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 0.69 and a beta of 0.37. The firm has a fifty day moving average price of $7.51 and a two-hundred day moving average price of $7.40. The Wendy’s Company has a fifty-two week low of $6.07 and a fifty-two week high of $10.84.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings data on Friday, August 7th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $570.57 million for the quarter, compared to the consensus estimate of $557.13 million. Wendy’s had a net margin of 5.72% and a return on equity of 115.31%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. Analysts expect that The Wendy’s Company will post 0.53 EPS for the current year.

Wendy’s Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.28 dividend on an annualized basis and a yield of 3.2%. Wendy’s’s dividend payout ratio (DPR) is 84.85%.

Analysts Set New Price Targets

A number of research analysts have recently commented on WEN shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Wendy’s in a report on Friday, July 17th. TD Cowen restated a “hold” rating and issued a $6.00 target price on shares of Wendy’s in a report on Tuesday, May 12th. UBS Group reaffirmed a “neutral” rating and set a $8.00 target price on shares of Wendy’s in a research report on Monday, August 10th. Stephens reiterated an “equal weight” rating and set a $8.00 price target on shares of Wendy’s in a report on Tuesday, June 23rd. Finally, Mizuho set a $6.00 price target on shares of Wendy’s in a research report on Friday, May 1st. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $7.76.

About Wendy’s

The Wendy’s Company (NASDAQ:WEN) operates as a global quick-service restaurant chain, best known for its square-shaped beef patties, fresh ingredient sourcing and signature Frosty dessert. The company’s menu features a variety of hamburgers, chicken sandwiches, salads, breakfast sandwiches, sides and beverages, designed to appeal to a broad customer base seeking both classic and contemporary fast-food options. Wendy’s has placed particular emphasis on product innovation, introducing limited-time offerings and revamped core menu items to maintain customer interest and respond to evolving dining trends.

Founded in 1969 by entrepreneur Dave Thomas in Columbus, Ohio, Wendy’s expanded rapidly through both company-owned and franchised outlets.