Campbell & CO Investment Adviser LLC Has $822,000 Holdings in The Wendy’s Company (NASDAQ:WEN)

Campbell & CO Investment Adviser LLC lifted its holdings in The Wendy’s Company (NASDAQ:WENFree Report) by 78.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,212 shares of the restaurant operator’s stock after purchasing an additional 18,575 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Wendy’s were worth $822,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Trian Fund Management L.P. increased its stake in Wendy’s by 60.9% during the third quarter. Trian Fund Management L.P. now owns 33,350,743 shares of the restaurant operator’s stock valued at $680,689,000 after acquiring an additional 12,618,115 shares during the period. Vanguard Group Inc. grew its stake 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 valued at $413,270,000 after purchasing an additional 1,162,540 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Wendy’s by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,706,052 shares of the restaurant operator’s stock valued at $91,674,000 after purchasing an additional 31,341 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Wendy’s by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,141,024 shares of the restaurant operator’s stock valued at $80,668,000 after purchasing an additional 63,927 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Wendy’s by 3.7% in the 3rd quarter. Royal Bank of Canada now owns 3,208,882 shares of the restaurant operator’s stock valued at $65,492,000 after purchasing an additional 113,406 shares during the period. 85.96% of the stock is currently owned by institutional investors.

Wendy’s Stock Performance

Shares of Wendy’s stock opened at $17.04 on Friday. The company has a market capitalization of $3.50 billion, a PE ratio of 17.21, a PEG ratio of 1.74 and a beta of 0.77. The Wendy’s Company has a 12 month low of $16.65 and a 12 month high of $22.59. The company has a current ratio of 2.04, a quick ratio of 2.02 and a debt-to-equity ratio of 11.21. The stock’s fifty day simple moving average is $18.66 and its 200 day simple moving average is $18.90.

Wendy’s (NASDAQ:WENGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. Wendy’s had a return on equity of 62.68% and a net margin of 9.44%. The firm had revenue of $534.80 million for the quarter, compared to the consensus estimate of $540.84 million. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts predict that The Wendy’s Company will post 1 EPS for the current year.

Wendy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.87%. The ex-dividend date of this dividend is Monday, June 3rd. Wendy’s’s dividend payout ratio is 101.01%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WEN shares. BMO Capital Markets upped their price objective on Wendy’s from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. TD Cowen reissued a “hold” rating and issued a $19.00 target price on shares of Wendy’s in a report on Friday, May 3rd. Piper Sandler boosted their target price on Wendy’s from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Royal Bank of Canada reduced their target price on Wendy’s from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 20th. Finally, Citigroup boosted their target price on Wendy’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Fourteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.11.

Read Our Latest Stock Analysis on Wendy’s

Insider Buying and Selling at Wendy’s

In other Wendy’s 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 sale, the chief marketing officer now owns 27,586 shares of the company’s stock, valued at approximately $537,927. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 17.10% of the company’s stock.

Wendy’s Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Wendy's (NASDAQ:WEN)

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