The Wendy’s Company $WEN Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp grew its holdings in shares of The Wendy’s Company (NASDAQ:WEN) by 27.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 387,111 shares of the restaurant operator’s stock after buying an additional 82,236 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Wendy’s were worth $4,421,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of Wendy’s by 30.1% in the 2nd quarter. AQR Capital Management LLC now owns 13,843,438 shares of the restaurant operator’s stock valued at $158,092,000 after acquiring an additional 3,205,269 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Wendy’s by 61.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,041,012 shares of the restaurant operator’s stock valued at $57,568,000 after purchasing an additional 1,915,465 shares in the last quarter. Northern Trust Corp raised its position in Wendy’s by 89.6% in the first quarter. Northern Trust Corp now owns 2,987,332 shares of the restaurant operator’s stock valued at $43,705,000 after purchasing an additional 1,411,912 shares during the period. Invesco Ltd. lifted its stake in shares of Wendy’s by 3.8% during the first quarter. Invesco Ltd. now owns 1,953,963 shares of the restaurant operator’s stock worth $28,586,000 after purchasing an additional 71,134 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Wendy’s in the second quarter worth about $18,929,000. Institutional investors and hedge funds own 85.96% of the company’s stock.

Wendy’s Stock Up 1.7%

WEN stock opened at $8.49 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 26.89. The firm has a 50 day simple moving average of $8.60 and a 200-day simple moving average of $9.86. The company has a market capitalization of $1.62 billion, a P/E ratio of 9.03, a PEG ratio of 1.56 and a beta of 0.39. The Wendy’s Company has a twelve month low of $7.83 and a twelve month high of $17.20.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings results on Friday, November 7th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. The firm had revenue of $442.50 million for the quarter, compared to analysts’ expectations of $535.75 million. Wendy’s had a net margin of 8.43% and a return on equity of 125.74%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. Wendy’s has set its FY 2025 guidance at 0.820-0.890 EPS. On average, equities research analysts predict that The Wendy’s Company will post 0.99 earnings per share for the current fiscal year.

Wendy’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Monday, December 1st. Wendy’s’s dividend payout ratio (DPR) is 59.57%.

Analysts Set New Price Targets

Several equities research analysts recently commented on WEN shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Wendy’s in a report on Wednesday, October 8th. Stifel Nicolaus lowered their price objective on shares of Wendy’s from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada dropped their price objective on shares of Wendy’s from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. Jefferies Financial Group decreased their target price on shares of Wendy’s from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Finally, Morgan Stanley set a $9.00 price target on shares of Wendy’s in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.59.

Wendy’s Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.