Public Employees Retirement Association of Colorado Has $675,000 Stake in Wendys Co (WEN)

Public Employees Retirement Association of Colorado Has $675,000 Stake in Wendys Co (WEN)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Wendys Co (NASDAQ:WEN) by 15.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,729 shares of the restaurant operator’s stock after selling 6,792 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Wendys were worth $675,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Janus Henderson Group PLC raised its position in Wendys by 1.8% during the first quarter. Janus Henderson Group PLC now owns 5,419,827 shares of the restaurant operator’s stock worth $96,961,000 after acquiring an additional 98,309 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Wendys by 58.1% during the first quarter. Janney Montgomery Scott LLC now owns 99,029 shares of the restaurant operator’s stock worth $1,772,000 after acquiring an additional 36,382 shares in the last quarter. Dupont Capital Management Corp raised its position in Wendys by 45.9% during the first quarter. Dupont Capital Management Corp now owns 18,664 shares of the restaurant operator’s stock worth $334,000 after acquiring an additional 5,873 shares in the last quarter. MAI Capital Management raised its position in Wendys by 6.3% during the first quarter. MAI Capital Management now owns 18,816 shares of the restaurant operator’s stock worth $337,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Wendys by 9.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,322 shares of the restaurant operator’s stock worth $220,000 after acquiring an additional 1,074 shares in the last quarter. Institutional investors own 78.70% of the company’s stock.

Several equities analysts have commented on WEN shares. Wedbush reiterated a “hold” rating and issued a $17.50 price objective on shares of Wendys in a report on Monday, February 11th. ValuEngine downgraded shares of Wendys from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Mizuho downgraded shares of Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Wednesday, March 20th. BidaskClub upgraded shares of Wendys from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Finally, Cowen started coverage on shares of Wendys in a report on Wednesday, April 10th. They issued an “outperform” rating and a $21.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Wendys currently has an average rating of “Buy” and a consensus price target of $20.42.

In other Wendys news, COO Robert D. Wright sold 109,110 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.58, for a total transaction of $2,027,263.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Abigail E. Pringle sold 8,897 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $17.35, for a total transaction of $154,362.95. Following the sale, the insider now owns 100,917 shares in the company, valued at $1,750,909.95. The disclosure for this sale can be found here. Insiders have sold 3,244,636 shares of company stock worth $55,884,654 over the last quarter. Corporate insiders own 20.90% of the company’s stock.

Shares of Wendys stock opened at $18.50 on Thursday. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 2.06 and a beta of 0.77. The company has a debt-to-equity ratio of 5.80, a quick ratio of 2.04 and a current ratio of 2.05. Wendys Co has a 12-month low of $14.96 and a 12-month high of $19.45.

Wendys (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $408.60 million for the quarter, compared to the consensus estimate of $398.58 million. Wendys had a net margin of 29.16% and a return on equity of 23.85%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. On average, analysts predict that Wendys Co will post 0.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 2.16%. Wendys’s payout ratio is 67.80%.

Wendys Profile

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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