Point72 Hong Kong Ltd grew its position in shares of Wendys Co (NASDAQ:WEN) by 717.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,375 shares of the restaurant operator’s stock after buying an additional 12,617 shares during the period. Point72 Hong Kong Ltd’s holdings in Wendys were worth $319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its stake in Wendys by 13.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,297,923 shares of the restaurant operator’s stock worth $73,247,000 after acquiring an additional 388,858 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Wendys by 2,741.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,358,567 shares of the restaurant operator’s stock worth $47,124,000 after acquiring an additional 2,275,555 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Wendys by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,321,553 shares of the restaurant operator’s stock worth $29,352,000 after acquiring an additional 19,036 shares during the last quarter. Squarepoint Ops LLC increased its stake in Wendys by 48.5% in the 3rd quarter. Squarepoint Ops LLC now owns 1,312,868 shares of the restaurant operator’s stock worth $26,231,000 after acquiring an additional 428,815 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Wendys by 0.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 901,126 shares of the restaurant operator’s stock worth $20,014,000 after acquiring an additional 5,863 shares during the last quarter. 73.29% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. Telsey Advisory Group upped their target price on Wendys from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Longbow Research reiterated a “buy” rating and set a $25.00 price objective on shares of Wendys in a research report on Friday, December 13th. UBS Group increased their price objective on Wendys from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Wells Fargo & Co increased their price objective on Wendys from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Finally, ValuEngine lowered Wendys from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.02.

Shares of Wendys stock traded up $0.36 on Wednesday, reaching $14.42. The company’s stock had a trading volume of 10,943,904 shares, compared to its average volume of 4,077,058. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.45 and a beta of 0.84. The firm’s fifty day simple moving average is $19.17 and its two-hundred day simple moving average is $20.75. Wendys Co has a 52 week low of $6.82 and a 52 week high of $24.04. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 7.04.

Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, February 26th. The restaurant operator reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). The business had revenue of $427.20 million during the quarter, compared to the consensus estimate of $423.70 million. Wendys had a return on equity of 22.61% and a net margin of 8.01%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. As a group, research analysts predict that Wendys Co will post 0.62 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.12 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.33%. Wendys’s dividend payout ratio (DPR) is currently 81.36%.

About Wendys

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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Institutional Ownership by Quarter for Wendys (NASDAQ:WEN)

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