Wendy’s Co (NASDAQ: WEN) is 1.49% higher on its value in year-to-date trading and has touched a low of $15.61 and a high of $20.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WEN stock was last observed hovering at around $19.72 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $19.77, the stock is 1.85% and 8.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing 0.25% at the moment leaves the stock 9.68% off its SMA200. WEN registered 2.70% gain for a year compared to 6-month loss of 1.54%. The firm has a 50-day simple moving average (SMA 50) of $18.0832 and a 200-day simple moving average (SMA200) of $18.0213.
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The stock witnessed a 11.32% gain in the last 1 month and extending the period to 3 months gives it a 16.50%, and is -2.51% 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 3.24% over the week and 2.81% over the month.
Wendy’s Co (WEN) has around 15300 employees, a market worth around $4.03B and $2.21B in sales. Current P/E ratio is 21.03 and Fwd P/E is 18.78. Profit margin for the company is 8.76%. Distance from 52-week low is 26.61% and -4.26% from its 52-week high. The company has generated returns on investments over the last 12 months (4.55%).
with sales reaching $562.86M over the same period.The EPS is expected to grow by 2.90% this year, but quarterly earnings will post 2.30% year-over-year. Quarterly sales are estimated to grow 4.10% in year-over-year returns.
Wendy’s Co (WEN) Top Institutional Holders
499.0 institutions hold shares in Wendy’s Co (WEN), with institutional investors hold 86.37% of the company’s shares. The shares outstanding are 205.40M, and float is at 185.60M with Short Float at 6.67%. Institutions hold 78.63% 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).
