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Wendy’s Co (WEN) Stock Could Soon Reward Patient Investors

Wendy’s Co (NASDAQ: WEN) is -4.57% lower on its value in year-to-date trading and has touched a low of $17.64 and a high of $23.90 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 $18.84 in the last trading session, with the day’s loss setting it -0.25%.

Currently trading at $18.59, the stock is 0.73% and -0.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing -1.33% at the moment leaves the stock -6.09% off its SMA200. WEN registered -12.06% loss for a year compared to 6-month loss of -8.96%. The firm has a 50-day simple moving average (SMA 50) of $3.41 and a 200-day simple moving average (SMA200) of $13.48.

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The stock witnessed a 2.65% gain in the last 1 month and extending the period to 3 months gives it a -4.81%, and is 0.11% up 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 2.24% over the week and 1.97% over the month.

Wendy’s Co (WEN) has around 15300 employees, a market worth around $3.82B and $2.18B in sales. Current P/E ratio is 19.22 and Fwd P/E is 16.74. Profit margin for the company is 9.37%. Distance from 52-week low is 5.39% and -22.22% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).

Wendy’s Co quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $540.81M over the same period.The EPS is expected to grow by 3.08% this year, but quarterly earnings will post 3.80% year-over-year. Quarterly sales are estimated to grow 3.50% in year-over-year returns.

Wendy’s Co (WEN) Top Institutional Holders

501 institutions hold shares in Wendy’s Co (WEN), with institutional investors hold 95.10% of the company’s shares. The shares outstanding are 205.40M, and float is at 187.31M with Short Float at 4.43%. Institutions hold 86.80% of the Float.

The top institutional shareholder in the company is Trian Fund Management, LP with over 20.73 million shares valued at $450.93 million. The investor’s holdings represent 9.91% of the WEN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 20.51 million shares valued at $446.1 million to account for 9.80% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 19.09 million shares representing 9.12% and valued at over $415.12 million, while Massachusetts Financial Services Co. holds 5.29% of the shares totaling 11.08 million with a market value of $240.99 million.

Wendy’s Co (WEN) Insider Activity

The most recent transaction is an insider sale by GILBERT KENNETH W,the company’sDirector. SEC filings show that GILBERT KENNETH W sold 4,500 shares of the company’s common stock on Mar 01 ’24 at a price of $18.07 per share for a total of $81315.0. Following the sale, the insider now owns 31304.0 shares.

Wendy’s Co disclosed in a document filed with the SEC on Dec 01 ’23 that LEVATO JOSEPH A (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Dec 01 ’23 and was made at $19.18 per share for $0.38 million. Following the transaction, the insider now directly holds 30407.0 shares of the WEN stock.

Still, SEC filings show that on Aug 22 ’23, Peltz Matthew H. (Director) disposed off 2,905,569 shares at an average price of $20.30 for $58.98 million. The insider now directly holds 17,827,059 shares of Wendy’s Co (WEN).

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