The latest quarter included a $41.1 million loss related to acquiring and selling some restaurants. Canada Pension Plan Investment Board purchased a new position in Wendy's Company (The) during the second quarter worth about $11,560,000. Victory Capital Management Inc. raised its position in Wendy's Company (The) by 81.5% in the first quarter. Elkfork Partners LLC raised its position in Wendy's Company (The) by 1.3% in the first quarter. Tyers Asset Management LLC now owns 7,568 shares of the restaurant operator's stock valued at $103,000 after buying an additional 96 shares in the last quarter. Private Advisor Group LLC bought a new position in Wendy's Company (The) during the first quarter valued at about $174,000. Aperio Group LLC now owns 29,354 shares of the restaurant operator's stock worth $455,000 after buying an additional 2,703 shares in the last quarter. Finally, Sigma Planning Corp increased its position in Wendy's Company (The) by 0.5% in the second quarter. World Asset Management Inc now owns 13,100 shares of the restaurant operator's stock valued at $178,000 after buying an additional 540 shares during the period. Institutional investors own 77.76% of the company's stock.
Wendy's Company (The) also recently announced a dividend for shareholders to be paid on Friday the 15th of September 2017.
The company is so far trading unchanged by 0.00 percent from yesterday's close. Wendy's Company has a one year low of $9.39 and a one year high of $16.66. The firm has a market cap of $3.85 billion, a PE ratio of 31.78 and a beta of 0.97. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.05.
That shift, because there are fewer company-run stores, pushed revenue down to $320.3 million, from $382.7 million. Wendy's Company (The) had a return on equity of 16.31% and a net margin of 9.43%. During the same period in the prior year, the business earned $0.10 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. The dividend payment will be $0.070 per share for the quarter or $0.28 on an annualized basis. The stock has "Buy" rating by Vetr on Wednesday, August 19. Wendy's Company (The)'s payout ratio is 58.33%. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & global copyright and trademark laws. The legal version of this story can be read at https://transcriptdaily.com/2017/08/09/wendys-company-the-nasdaqwen-shares-sold-by-1st-source-bank-updated.html.
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Capital Impact Advisors LLC boosted its stake in shares of Medical Properties Trust by 92.8% in the first quarter. The company had revenue of $166.80 million during the quarter, compared to analyst estimates of $163.08 million.
Several equities research analysts have weighed in on the company. Sanford C. Bernstein reiterated a "market perform" rating and set a $16.00 price target on shares of Wendy's Company (The) in a report on Tuesday, July 25th. Instinet reissued a neutral rating and issued a $15.00 price target (up from $11.00) on shares of Wendy's Company (The) in a report on Thursday, May 11th. Wendy's Company (The) has a consensus rating of "Buy" and an average price target of $15.73.
On November 25 the stock rating was upgraded to "Buy" from "Hold" with a current price target of $15.00 by analysts at Argus Research. The company's 50-day moving average price is $15.54 and its 200 day moving average price is $14.66.
In related news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of Wendy's Company (The) stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $15.97, for a total transaction of $87,835,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Lpl Financial Limited Liability Company owns 46,169 shares for 0% of their portfolio.
"After recording our 18th consecutive quarter of positive same-restaurant sales and as we continue to strengthen the Wendy's brand through new restaurant development and Image Activation, we are pleased with our progress and remain confident in our long-term targets", said Todd Penegor, Wendys chief executive. Wendy's Restaurants is the parent company of Wendy's International, LLC (Wendy's), which is the owner and franchisor of the Wendy's restaurant system in the United States. Wendy's is the restaurant company specializing in the hamburger sandwich segment.
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