430 institutions hold shares in The Wendy’s Company (WEN), with 17.59M shares held by insiders accounting for 7.85% while institutional investors hold 78.67% of the company’s shares. The shares outstanding are 223.91M, and float is at 206.52M with Short Float at 3.29%. Institutions hold 72.50% of the Float.
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The top institutional shareholder in the company is Trian Fund Management, LP with over 26.63 million shares valued at $583.74 million. The investor’s holdings represent 11.88% of the WEN Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 18.49 million shares valued at $405.27 million to account for 8.25% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 17.4 million shares representing 7.77% and valued at over $381.52 million, while JP Morgan Chase & Company holds 2.64% of the shares totaling 5.92 million with a market value of $129.67 million.
The Wendy’s Company (NASDAQ: WEN) is -7.80% lower on its value in year-to-date trading and has touched a low of $6.82 and a high of $24.91 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WEN stock was last observed hovering at around $20.30 in the last trading session, with the day’s loss setting it -0.09% off its average median price target of $25.50 for the next 12 months. It is also 27.82% off the consensus price target high of $28.00 offered by 29 analysts, but current levels are 3.76% higher than the price target low of $21.00 for the same period.
Currently trading at $20.21, the stock is -2.70% and -5.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.23 million and changing -0.44% at the moment leaves the stock -8.05% off its SMA200. WEN registered -13.60% loss for a year compared to 6-month loss of -7.25%. The firm has a 50-day simple moving average (SMA 50) of $20.95 and a 200-day simple moving average (SMA200) of $22.00.
The stock witnessed a -3.07% gain in the last 1 month and extending the period to 3 months gives it a -10.50%, and is -2.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.15% over the week and 2.43% over the month.
The Wendy’s Company (WEN) has around 13300 employees, a market worth around $4.57B and $1.69B in sales. Current P/E ratio is 43.84 and Fwd P/E is 28.31. Profit margin for the company is 6.30%. Distance from 52-week low is 196.33% and -18.87% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).
The Wendy’s Company (WEN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The Wendy’s Company (WEN) is a “Overweight”. 29 analysts offering their recommendations for the stock have an average rating of 2.10, where 12 rate it as a Hold and 0 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The Wendy’s Company is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $475.21M over the same period.The EPS is expected to shrink by -69.10% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to grow 11.20% in year-over-year returns.
The Wendy’s Company (WEN) Insider Activity
A total of 17 insider transactions have happened at The Wendy’s Company (WEN) in the last six months, with sales accounting for 3 and purchases happening 14 times. The most recent transaction is an insider sale by Pringle Abigail E., the company’s Pres Intl & Chf Developmnt Ofc. SEC filings show that Pringle Abigail E. sold 184,823 shares of the company’s common stock on Dec 08 at a price of $21.99 per share for a total of $4.06 million. Following the sale, the insider now owns 0.11 million shares.
The Wendy’s Company disclosed in a document filed with the SEC on Nov 10 that Penegor Todd Allan (President & CEO) sold a total of 130,676 shares of the company’s common stock. The trade occurred on Nov 10 and was made at $22.40 per share for $2.93 million. Following the transaction, the insider now directly holds 0.54 million shares of the WEN stock.
Still, SEC filings show that on Nov 09, Penegor Todd Allan (President & CEO) disposed off 133,129 shares at an average price of $22.55 for $3.0 million. The insider now directly holds 544,938 shares of The Wendy’s Company (WEN).
The Wendy’s Company (WEN): Who are the competitors?
The company’s main competitors (and peers) include Arcos Dorados Holdings Inc. (ARCO) that is trading -22.16% down over the past 12 months. RAVE Restaurant Group Inc. (RAVE) is -6.57% down on the 1-year trading charts. Short interest in the company’s stock has fallen -7.81% from the last report on Dec 30, 2020 to stand at a total of 7.32 million short shares sold with a short interest ratio of 2.6.