Wendy’s Co (NASDAQ: WEN) is -12.42% lower 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 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 $16.89 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $17.06, the stock is -4.09% and -8.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.17 million and changing 1.01% at the moment leaves the stock -4.87% off its SMA200. WEN registered -14.40% loss for a year compared to 6-month gain of 3.21%. The firm has a 50-day simple moving average (SMA 50) of $18.6476 and a 200-day simple moving average (SMA200) of $17.9398.
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The stock witnessed a -5.85% loss in the last 1 month and extending the period to 3 months gives it a -3.23%, and is -2.40% 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 1.89% over the week and 2.25% over the month.
Wendy’s Co (WEN) has around 15300 employees, a market worth around $3.48B and $2.21B in sales. Current P/E ratio is 18.15 and Fwd P/E is 16.21. Profit margin for the company is 8.76%. Distance from 52-week low is 9.25% and -17.38% from its 52-week high. The company has generated returns on investments over the last 12 months (4.55%).
The EPS is expected to grow by 2.85% this year.
Wendy’s Co (WEN) Top Institutional Holders
524.0 institutions hold shares in Wendy’s Co (WEN), with institutional investors hold 97.84% of the company’s shares. The shares outstanding are 203.09M, and float is at 185.68M with Short Float at 7.11%. Institutions hold 89.09% 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 Mathews-Spradlin Mich J, the company’s Director. SEC filings show that Mathews-Spradlin Mich J sold 24,462 shares of the company’s common stock on Nov 07 ’24 at a price of $20.28 per share for a total of $0.5 million. Following the sale, the insider now owns 63789.0 shares.
Wendy’s Co disclosed in a document filed with the SEC on Nov 05 ’24 that Esposito Liliana (Chf Corp Affrs & Sustnblty Ofc) sold a total of 52,009 shares of the company’s common stock. The trade occurred on Nov 05 ’24 and was made at $19.63 per share for $1.02 million. Following the transaction, the insider now directly holds 83492.0 shares of the WEN stock.
Still, SEC filings show that on Nov 07 ’24, Michelle Mathews-Spradlin (Director) Proposed Sale 24,462 shares at an average price of $20.28 for $0.5 million. The insider now directly holds shares of Wendy’s Co (WEN).
