SYM FINANCIAL Corp Acquires 1,894 Shares of The Wendy’s Company (NASDAQ:WEN)

SYM FINANCIAL Corp raised its position in The Wendy’s Company (NASDAQ:WEN) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,589 shares of the restaurant operator’s stock after purchasing an additional 1,894 shares during the period. SYM FINANCIAL Corp’s holdings in Wendy’s were worth $273,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WEN. Quantinno Capital Management LP increased its position in shares of Wendy’s by 90.8% during the third quarter. Quantinno Capital Management LP now owns 109,747 shares of the restaurant operator’s stock worth $1,923,000 after acquiring an additional 52,225 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Wendy’s by 159.6% during the third quarter. Point72 Asset Management L.P. now owns 6,440,880 shares of the restaurant operator’s stock worth $112,844,000 after acquiring an additional 3,959,480 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Wendy’s by 2.0% during the third quarter. HighTower Advisors LLC now owns 66,706 shares of the restaurant operator’s stock worth $1,181,000 after acquiring an additional 1,289 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Wendy’s during the third quarter worth $761,000. Finally, True Wealth Design LLC bought a new stake in shares of Wendy’s during the third quarter worth $101,000. Institutional investors own 85.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on WEN. TD Cowen increased their price objective on shares of Wendy’s from $17.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. BMO Capital Markets increased their price objective on shares of Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Tigress Financial restated a “buy” rating and set a $29.00 target price on shares of Wendy’s in a report on Wednesday, September 4th. Wedbush restated a “neutral” rating and set a $20.00 target price on shares of Wendy’s in a report on Friday, November 1st. Finally, Wolfe Research upgraded shares of Wendy’s to a “strong-buy” rating in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.36.

Wendy’s Stock Up 0.7 %

NASDAQ:WEN opened at $17.97 on Thursday. The firm’s 50 day simple moving average is $18.69 and its 200 day simple moving average is $17.59. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.10 and a quick ratio of 2.08. The Wendy’s Company has a one year low of $15.61 and a one year high of $20.65. The company has a market cap of $3.66 billion, a PE ratio of 18.92, a P/E/G ratio of 2.49 and a beta of 0.77.

Wendy’s (NASDAQ:WEN) last posted its earnings results on Thursday, October 31st. The restaurant operator reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%. The business had revenue of $566.70 million for the quarter, compared to the consensus estimate of $560.50 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts anticipate that The Wendy’s Company will post 0.99 earnings per share for the current year.

Wendy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.56%. Wendy’s’s dividend payout ratio (DPR) is currently 105.26%.

Wendy’s Profile

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.