Wendy’s Co (NASDAQ: WEN) is -13.60% lower on its value in year-to-date trading and has touched a low of $15.61 and a high of $20.84 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 $16.63 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $16.83, the stock is -0.33% and -0.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.62 million and changing 1.20% at the moment leaves the stock -7.62% off its SMA200. WEN registered -15.09% loss for a year compared to 6-month loss of -8.48%.
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The stock witnessed a 0.60% gain in the last 1 month and extending the period to 3 months gives it a 2.06%, and is 0.42% 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 2.90% over the week and 2.38% over the month.
Wendy’s Co (WEN) has around 15300 employees, a market worth around $3.42B and $2.20B in sales. Current P/E ratio is 17.36 and Fwd P/E is 15.75. Profit margin for the company is 9.18%. Distance from 52-week low is 7.78% and -19.24% from its 52-week high. The company has generated returns on investments over the last 12 months (4.71%).
The EPS is expected to grow by 1.87% this year
515.0 institutions hold shares in Wendy’s Co (WEN), with institutional investors hold 87.32% of the company’s shares. The shares outstanding are 205.40M, and float is at 185.19M with Short Float at 6.83%. Institutions hold 79.48% of the Float.
The top institutional shareholder in the company is TRIAN FUND MANAGEMENT, L.P. with over 31.51 million shares valued at $534.37 million. The investor’s holdings represent 15.3419 of the WEN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 21.73 million shares valued at $368.6 million to account for 10.5824 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 19.61 million shares representing 9.5462 and valued at over $332.5 million, while HARRIS ASSOCIATES L P holds 4.6218 of the shares totaling 9.49 million with a market value of $160.98 million.
Wendy’s Co (WEN) Insider Activity
The most recent transaction is an insider sale by Peltz Matthew H., the company’s Director. SEC filings show that Peltz Matthew H. sold 1,000,000 shares of the company’s common stock on Aug 08 ’24 at a price of $17.18 per share for a total of $17.18 million. Following the sale, the insider now owns 14.94 million shares.
Wendy’s Co disclosed in a document filed with the SEC on Aug 08 ’24 that MAY PETER W (Director) sold a total of 1,000,000 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $17.18 per share for $17.18 million. Following the transaction, the insider now directly holds 14.94 million shares of the WEN stock.
Still, SEC filings show that on Aug 08 ’24, PELTZ NELSON (Director) disposed off 1,000,000 shares at an average price of $17.18 for $17.18 million. The insider now directly holds 14,943,466 shares of Wendy’s Co (WEN).
