Wendy’s Co (NASDAQ: WEN) stock fell -1.50% on Monday to $19.01 against a previous-day closing price of $19.30. With 2.07 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.69 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $19.34 whereas the lowest price it dropped to was $18.99. The 52-week range on WEN shows that it touched its highest point at $23.90 and its lowest point at $18.19 during that stretch. It currently has a 1-year price target of $22.14. With its current market cap of 3.92 billion, WEN has annualized dividend of $1.00 while the current yield stands at 5.26%. Beta for the stock currently stands at 0.90.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WEN was up-trending over the past week, with a rise of 1.93%, but this was down by -0.73% over a month. Three-month performance dropped to -6.72% while six-month performance fell -16.18%. The stock lost -8.08% in the past year, while it has lost -16.00% so far this year.
Float and Shares Shorts:
At present, 213.10 million WEN shares are outstanding with a float of 188.59 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.7 million, which was 3.25% higher than short shares on Sep 28, 2023. In addition to WEN as the firm’s Wendy’s Company (The), LEN serves as its Lennar Corporation.
Institutional Ownership:
Through their ownership of 79.65% of WEN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.29% of WEN, in contrast to 32.01% held by mutual funds. Shares owned by individuals account for 17.89%. As the largest shareholder in WEN with 9.55% of the stake, The Vanguard Group, Inc. holds 19,985,881 shares worth 19,985,881. A second-largest stockholder of WEN, BlackRock Fund Advisors, holds 18,382,982 shares, controlling over 8.78% of the firm’s shares. Trian Fund Management LP is the third largest shareholder in WEN, holding 15,943,466 shares or 7.62% stake. With a 2.66% stake in WEN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 5,566,537 shares are owned by the mutual fund manager. The MFS Mid Cap Value Fund, which owns about 2.65% of WEN stock, is the second-largest Mutual Fund holder. It holds 5,546,831 shares valued at 105.5 million. iShares Core S&P Mid Cap ETF holds 2.50% of the stake in WEN, owning 5,235,209 shares worth 99.57 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WEN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WEN analysts setting a high price target of $29.00 and a low target of $19.00, the average target price over the next 12 months is $22.14. Based on these targets, WEN could surge 52.55% to reach the target high and fall by -0.05% to reach the target low. Reaching the average price target will result in a growth of 16.47% from current levels.
Dividends & Yield:
In terms of dividends, WEN has a current ratio of $1.0, which is $1.0 over the trailing 12-months, while a dividend of $0.45 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and WEN currently yields $4.61. In the past year, WEN’s dividend yield has been $4.61, but when looking at the stock over the past five years, its yield has been $2.17. Accordingly, WEN has a current buyback yield of $3.63. This was $3.63 for the TTM, and it was $3.97 for the past five years.
Summary of Insider Activity:
Insiders traded WEN stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 8,716,707 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 396,508 while 13,542,672 shares were sold.
