Paladin Wealth LLC Invests $144,000 in The Wendy’s Company (NASDAQ:WEN)

Paladin Wealth LLC purchased a new position in shares of The Wendy’s Company (NASDAQ:WEN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,211 shares of the restaurant operator’s stock, valued at approximately $144,000.

Several other large investors have also modified their holdings of the stock. Quarry LP acquired a new stake in Wendy’s during the fourth quarter valued at approximately $34,000. Richardson Financial Services Inc. acquired a new stake in shares of Wendy’s during the 4th quarter valued at approximately $99,000. CWM LLC lifted its stake in Wendy’s by 15.6% during the first quarter. CWM LLC now owns 11,993 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 1,621 shares during the last quarter. Mather Group LLC. acquired a new position in Wendy’s in the first quarter worth $44,000. Finally, Fort Pitt Capital Group LLC increased its stake in Wendy’s by 15.5% during the first quarter. Fort Pitt Capital Group LLC now owns 199,981 shares of the restaurant operator’s stock valued at $3,768,000 after purchasing an additional 26,889 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.

Wendy’s Stock Up 4.2 %

WEN stock opened at $19.40 on Tuesday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.32 and a beta of 0.80. The Wendy’s Company has a twelve month low of $15.61 and a twelve month high of $20.65. The business has a 50 day moving average price of $17.27 and a two-hundred day moving average price of $17.61. The company has a quick ratio of 2.15, a current ratio of 2.17 and a debt-to-equity ratio of 12.01.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Wendy’s had a net margin of 9.18% and a return on equity of 67.74%. The business had revenue of $570.73 million during the quarter, compared to analyst estimates of $577.15 million. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts anticipate that The Wendy’s Company will post 0.98 EPS for the current fiscal year.

Wendy’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Tuesday, September 3rd. Wendy’s’s dividend payout ratio (DPR) is presently 101.01%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Tigress Financial restated a “buy” rating and issued a $29.00 price target on shares of Wendy’s in a research report on Wednesday, September 4th. Wedbush reaffirmed a “neutral” rating and set a $19.50 target price on shares of Wendy’s in a report on Thursday, August 1st. TD Cowen reissued a “hold” rating and set a $17.00 price target on shares of Wendy’s in a report on Monday, September 9th. BMO Capital Markets dropped their price objective on shares of Wendy’s from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Wendy’s from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.12.

Insider Activity

In related news, Director Matthew H. Peltz sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $17.18, for a total value of $17,180,000.00. Following the completion of the transaction, the director now owns 14,943,466 shares of the company’s stock, valued at $256,728,745.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.10% of the company’s stock.

About Wendy’s

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.