Market Runner: Wendys Co (NASDAQ:WEN) Institutional Investor Positioning

November 30, 2016 - By Marie Mckinney   ·   0 Comments

Market Runner: Wendys Co (NASDAQ:WEN) Institutional Investor Positioning

Sentiment for Wendys Co (NASDAQ:WEN)

Wendys Co (NASDAQ:WEN) institutional sentiment decreased to 0.72 in Q2 2016. Its down -0.56, from 1.28 in 2016Q1. The ratio has worsened, as 118 investment managers opened new and increased stock positions, while 92 decreased and sold stock positions in Wendys Co. The investment managers in our partner’s database now have: 205.85 million shares, up from 201.87 million shares in 2016Q1. Also, the number of investment managers holding Wendys Co in their top 10 stock positions was flat from 3 to 3 for the same number . Sold All: 26 Reduced: 66 Increased: 91 New Position: 27.

The Wendy’s Company is the parent company of its subsidiary holding firm Wendy’s Restaurants, LLC . The company has a market cap of $3.25 billion. Wendy’s Restaurants is the parent firm of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. It has a 18.21 P/E ratio. Wendy’s is the restaurant firm specializing in the hamburger sandwich segment.

About 2.00 million shares traded hands. Wendys Co (NASDAQ:WEN) has risen 15.93% since April 27, 2016 and is uptrending. It has outperformed by 10.70% the S&P500.

Analysts await Wendys Co (NASDAQ:WEN) to report earnings on February, 14. They expect $0.09 EPS, down 25.00% or $0.03 from last year’s $0.12 per share. WEN’s profit will be $23.00 million for 35.33 P/E if the $0.09 EPS becomes a reality. After $0.11 actual EPS reported by Wendys Co for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.

According to Zacks Investment Research, “The Wendy’s Company is the world’s third-largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company-operated restaurants in the United States and 27 countries and U.S. territories worldwide.”

Managed Asset Portfolios Llc holds 6.77% of its portfolio in Wendys Co for 1.61 million shares. Trian Fund Management L.P. owns 40.79 million shares or 3.74% of their US portfolio. Moreover, Horizon Kinetics Llc has 3.13% invested in the company for 12.95 million shares. The New York-based Eminence Capital Lp has invested 1.13% in the stock. Olstein Capital Management L.P., a New York-based fund reported 801,290 shares.#img1#

Wendys Co (NASDAQ:WEN) Ratings Coverage

Ratings analysis reveals 54% of Wendy’s’s analysts are positive. Out of 13 Wall Street analysts rating Wendy’s, 7 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $9.50 while the high is $13. The stock’s average target of $10.95 is -13.92% below today’s ($12.72) share price. WEN was included in 20 notes of analysts from August 6, 2015. Bernstein reinitiated the shares of WEN in a report on Thursday, May 26 with “Market Perform” rating. The stock has “Overweight” rating given by JP Morgan on Thursday, August 6. Nomura upgraded the shares of WEN in a report on Monday, January 4 to “Buy” rating. Evercore initiated the stock with “Buy” rating in Tuesday, April 5 report. Credit Suisse upgraded Wendys Co (NASDAQ:WEN) rating on Tuesday, August 11. Credit Suisse has “Underperform” rating and $10 price target. Longbow initiated the stock with “Buy” rating in Friday, March 18 report. Citigroup maintained the stock with “Buy” rating in Wednesday, October 5 report. The firm has “Neutral” rating given on Tuesday, November 29 by Goldman Sachs. SunTrust initiated the stock with “Buy” rating in Thursday, October 8 report. The stock has “Sell” rating given by UBS on Thursday, August 6.

WEN Company Profile

The Wendy’s Company, incorporated on May 6, 1994, is the parent firm of its subsidiary holding firm Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent firm of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the restaurant firm specializing in the hamburger sandwich segment. Wendy’s is engaged in the business of operating, developing and franchising a system of quick-service restaurants serving food. The Firm operates approximately 6,080 Wendy’s restaurants in North America. Of these restaurants, over 630 are operated by Wendy’s and over 5,440 by approximately 390 franchisees. It also operates approximately 400 franchised Wendy’s restaurants in over 30 countries and territories other than North America.

Another recent and important Wendys Co (NASDAQ:WEN) news was published by Investorplace.com which published an article titled: “Wendys Co (WEN) Stock Up on Strong Q3 Earnings Results” on November 09, 2016.

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By Marie Mckinney

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