Position decreased In Wendy’s Co By Nelson Peltz’s Trian Fund Management

May 17, 2018 - By Carol Mulligan

During Q4 2017 the big money sentiment increased to 0.94. That’s change of 0.15, from 2017Q3’s 0.79. 22 investors sold all, 86 reduced holdings as The Wendy's Company ratio improved. 67 grew stakes while 34 funds took stakes. Funds hold 184.69 million shares thus 1.83% more from 2017Q3’s 181.38 million shares.

Thompson Davis holds 0% in The Wendy's Company (NASDAQ:WEN) or 125 shs. Assetmark accumulated 4,600 shs or 0% of the stock. Millennium Mngmt Ltd Llc stated it has 1.51 million shs or 0.03% of all its holdings. Oregon Pub Employees Retirement Fund accumulated 70,581 shs. Becker Cap Incorporated owns 13,765 shs for 0.01% of their capital. Water Island Capital Limited Liability Com accumulated 24,463 shs. Gateway Inv Advisers Ltd Co owns 413,283 shs for 0.06% of their capital. Virtu Fincl Limited Liability Company holds 0.01% of its capital in The Wendy's Company (NASDAQ:WEN) for 15,051 shs. Shufro Rose Ltd Liability owns 433,500 shs or 0.7% of their US capital. Mai Cap Mngmt invested in 17,700 shs. Trexquant Inv L P has 10,970 shs. 8,460 are owned by Moors & Cabot Incorporated. D E Shaw & invested in 1.32M shs or 0.03% of the stock. Susquehanna Grp Incorporated Llp has 0% invested in The Wendy's Company (NASDAQ:WEN). Ing Groep Nv has invested 0.01% in The Wendy's Company (NASDAQ:WEN).

The Wendy's Company had 7 selling transactions and 1 buy since February 26, 2018. This’s net activity of $461.20 million. 5.00 million shs were sold by MAY PETER W, worth $82.50 million. On Monday, February 26 a trade for 5.00M shs valued at $82.50 million was made by PELTZ NELSON. $9.26 million worth of The Wendy's Company (NASDAQ:WEN) was sold by Brolick Emil J. on Thursday, March 8. On Wednesday, March 7 a trade for 5,000 shs valued at $83,109 was made by Plosch Gunther. On Monday, May 14 TRIAN FUND MANAGEMENT – L.P. also sold $39.52M worth of The Wendy's Company (NASDAQ:WEN). The insider Peltz Matthew H. sold $82.50 million.

Nelson Peltz’s Trian Fund Management announced reduced Interest in Wendy’s Co

By clicking the link 000134547118000033 you will find SC 13D/A SEC form registered by Trian Fund Management about Wendy’s Co.As reported by Nelson Peltz’s Trian Fund Management, the filler decreased its stake in the stock by -5.07 % for 47,413,172 shares.On May 16, 2018 Nelson Peltz’s Trian Fund Management owns 19.82% of the Consumer Discretionary- stock.

The hedge fund with about $8.60 billion looks more negative after reporting such a decrease of its Wendy’s Co ownership.

The hedge fund have positions in the Finance sector. Its 25% of Nelson Peltz’s Trian Fund Management�s US portfolio.

This Is Why Nelson Peltz’s Trian Fund Management Holds – Wendy’s Co Stock

Except as set forth below, there are no changes to the information set forth in the Statement (including, without limitation, to “Item 4. Purpose of Transaction”). As noted in Amendment Nos. 14 through 28, all references in the Statement to “Common Stock” shall, for periods prior to September 29, 2008, the date of the closing of the acquisition of Wendy’s (see Item 4), be deemed to refer to the ClassA Common Stock of Triarc.


Item 3. Source and Amount of Funds or Other Consideration


Item 3 of the Statement is hereby amended and supplemented by the following:


Since the filing of Amendment No. 52, each of Messrs. Peltz, May and M. Peltz, in their capacities as directors of the Company, received 990 shares of Common Stock on April 2, 2018 from the Company in lieu of Board of Directors retainer fees pursuant to the terms of the Company’s 2010 Omnibus Award Plan.


Mr. May, in his capacity as a director of the Company, received 119 shares of Common Stock on March 2, 2018, 155 shares of Common Stock on April 2, 2018, and 357 shares of Common Stock on April 24, 2018, and Mr. M. Peltz, in his capacity as a director of the Company, received 119 shares of Common Stock on March 2, 2018 and 357 shares of Common Stock on April 24, 2018, in each case from the Company in lieu of committee retainer and meeting fees pursuant to the terms of the Company’s 2010 Omnibus Award Plan.


Item 4. Purpose of Transaction


Item 4 is hereby amended by adding the following:


The sales of Shares by the Filing Persons reported in this Amendment No. 53 resulted in a reduction of their aggregate holdings from approximately 21.0% of the outstanding Common Stock to approximately 19.9% of the outstanding Common Stock (based upon 239,213,450 shares of Common Stock outstanding as of May 2, 2018, as reported in the Company’s Quarterly Report on Form 10-Q filed on May 8, 2018). None of the Shares that were sold were owned directly by Messrs. Peltz, May, Garden or M. Peltz. Immediately following the consummation of such sales, the Filing Persons continue to be the Company’s largest stockholder (based on current share ownership information on file with the SEC), with an aggregate beneficial ownership of 47,719,728 shares.


The Filing Persons intend to review alternatives with respect to their investment in the Company on a continuing basis. Depending on various factors, including, without limitation, the Company’s financial position, results of operations and strategic direction, price levels of the Common Stock, the Filing Persons’ overall investment strategies, liquidity requirements and other portfolio management considerations, other investment opportunities available to the Filing Persons, conditions in the securities and capital markets, and general economic and industry conditions and applicable regulatory and legal constraints, the Filing Persons may, from time to time and at any time in the future, take such actions with respect to their investment in the Company as they deem appropriate, including, without limitation, communicating with the Company’s other stockholders, industry participants and other interested or relevant parties about the Company, purchasing additional securities of the Company, entering into financial instruments or other agreements which increase or decrease the Filing Persons’ economic exposure with respect to their investment in the Company and/or changing the form of ownership of securities of the Company by the Filing Persons, selling some or all of their holdings in the Company and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D. The Filing Persons reserve the right at any time to formulate other plans and/or make other proposals, and take such actions with respect to their investment in the Company and/or change their intention with respect to any and all matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D.


Wendy’s Co Institutional Sentiment

213 investors own Wendy’s Co says the latest SEC forms. In Q3 2017 the institutional ownership is very high, which is Infinity of the outstanding shares. By 15005017 shares it is increased. Institutional investors held 181378573. In total 30 funds opened new Wendy’s Co stakes, 63 increased stakes. There were 23 that closed positions and 95 reduced them.

Here’s the stocks most Notable investors in which it takes place: Managed Asset Portfolios Llc, Horizon Kinetics Llc, Trian Fund Management L.P…

As of Q3 2017 Nelson Peltz Trian Fund Management Lp is having 4.67% of its US portfolio or 39035921 shares. The stake that Horizon Kinetics Llc announced worth 3.24% of its portfolio 7093842 shares. Further, World Asset Management Inc announced stake worth 0.01% of the manager�s US portfolio. 1427127 shares owns MI World Asset Management Inc which is 6.90% of their stock portfolio. The 2275 shares are held by MI Clenar Muke Llc. Wendy’s Co is 0.02% of its portfolio.

Nelson Peltz’s Trian Fund Management website.

The Wendy's Company (NASDAQ:WEN) is awaited to report earnings on August, 8., according to Zacks. Analysts predict $0.15 EPS, which is $0.00 or 0.00 % from 2017’s $0.15 EPS. If $0.15 is reported, WEN’s profit will reach $35.88 million for 27.23 P/E. Wall Street now sees 36.36 % EPS growth despite The Wendy's Company previous quarter’s EPS of $0.11.

The stock decreased 1.15% or $0.19 during the last trading session, hitting $16.34.The Wendy's Company has 4.11 million shares volume, 1.59% up from normal. WEN is uptrending and has moved 28.35% since May 17, 2017. The stock outperformed the S&P500 by 16.80%.

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant firm worldwide.The firm is valued at $3.91 billion. It is involved in operating, developing, and franchising a system of quick-service restaurants.The P/E ratio is 21.22. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, Frosty desserts, and kids' meals.

The Wendy's Company (NASDAQ:WEN) Ratings Coverage

In total 14 analysts cover Wendy’s (NASDAQ:WEN). “Buy” rating has 10, “Sell” are 0, while 4 are “Hold”. 71% are bullish. With $22.0 highest and $16 lowest target price Wendy’s has $19.17 average target price or 17.32% above the current ($16.34) price. 18 are the (NASDAQ:WEN)’s analyst reports since December 20, 2017 according to StockzIntelligence Inc. The company rating was maintained by SunTrust on Thursday, February 22. On Monday, March 5 the rating was maintained by Citigroup with “Buy”. On Monday, March 19 Oppenheimer initiated The Wendy's Company (NASDAQ:WEN) with “Hold” rating. On Wednesday, April 18 the firm earned “Buy” rating by Stifel Nicolaus. In Thursday, March 1 report UBS upgraded the stock to “Neutral” rating. In Tuesday, January 2 report SunTrust maintained the stock with “Buy” rating. On Friday, January 12 Longbow downgraded the shares of WEN in report to “Neutral” rating. On Thursday, March 15 the stock of The Wendy's Company (NASDAQ:WEN) has “Buy” rating given by Mizuho. On Friday, February 23 the firm has “Buy” rating by Guggenheim given. On Friday, February 16 the firm has “Buy” rating by Guggenheim given.

The Wendy's Company (NASDAQ:WEN) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: