The Wendy`s Co declared a regular quarterly dividend of $0.25 per share ($1.00 annualized), maintaining its previous dividend payment. Shareholders must purchase shares before the ex-div date of November 30, 2023, to qualify for the dividend. Those on record as of December 1, 2023, will receive payment on December 15, 2023. At the current share price of $19.25, the stock’s dividend yield stands at an impressive 5.19%.
Looking back five years, the average dividend yield has been 2.47%, reaching a low of 0.83% and a high of 5.32%. The standard deviation of yields is 1.07 (n=236). Notably, the current dividend yield is 2.55 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is at 1.05, indicating a healthy 3-year dividend growth rate of 4.00%.
The Fund Sentiment
There has been a slight increase of 0.13% in the number of funds or institutions reporting positions in Wendy`s Co. The average portfolio weight dedicated to WEN stands at 0.17%, indicating a 0.74% increase. However, the total shares owned by institutions decreased by 1.49% to 199,398K shares in the last three months. The put/call ratio of WEN is 1.04, signaling a bearish outlook.
Analyst Price Forecast Suggests 25.33% Upside
The average one-year price target for Wendy`s Co is $24.13, representing a significant upside of 25.33% from its latest reported closing price of $19.25. The company’s projected annual revenue is 2,190MM, with an estimated increase of 0.58% and a projected annual non-GAAP EPS of 0.99.
Wendy`s Shareholder Activity
Various institutions have been adjusting their positions in Wendy’s. Notably, Trian Fund Management holds 20,733K shares, representing 9.91% ownership of the company. Other institutions, such as Massachusetts Financial Services, Jpmorgan Chase, Harris Associates L P, and MVCAX – MFS Mid Cap Value Fund A, have also been adjusting their portfolio allocation in WEN.
Wendy’s Background Information
Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. The company is primarily engaged in operating, developing, and franchising a system of distinctive quick-service restaurants. With a vision of becoming the world’s most thriving and beloved restaurant brand, Wendy’s and its franchisees operate more than 6,800 restaurants worldwide.
