Nelson Peltz’s Trian Fund Management: Wendy’s Co Sunk After decreased

May 17, 2018 - By Mary Kidd

During 2017 Q4 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 increased. 67 increased positions while 34 funds amassed positions. Funds hold 184.69 million shares thus 1.83% more from 2017Q3’s 181.38 million shares.

Victory Capital has 0.25% invested in The Wendy's Company (NASDAQ:WEN) for 7.12 million shs. Comml Bank Of America De has 327,013 shs for 0% of their capital. Monroe Comml Bank And Trust Mi holds 2,736 shs. Alphamark Advisors Llc stated it has 583 shs or 0% of all its holdings. Kbc Group Nv, a Belgium-based fund reported 8,916 shs. 50 are owned by Brown Brothers Harriman &. One Trading Limited Partnership holds 0.01% of its capital in The Wendy's Company (NASDAQ:WEN) for 89,800 shs. Benjamin F Edwards And Commerce reported 438 shs. Bnp Paribas Asset Holdings owns 137,232 shs. Stifel Fincl owns 0% invested in The Wendy's Company (NASDAQ:WEN) for 11,854 shs. Ohio-based Huntington Bankshares has invested 0% in The Wendy's Company (NASDAQ:WEN). Envestnet Asset Mngmt reported 3,460 shs stake. Ls Investment Ltd Limited Liability Company reported 0.01% of its capital in The Wendy's Company (NASDAQ:WEN). Carroll Assocs owns 1,170 shs. 302,481 are owned by Manufacturers Life Insur The.

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

Wendy’s Co has reduced Interest, Nelson Peltz’s Trian Fund Management reported

SC 13D/A SEC form was registered by Trian Fund Management about Wendy’s Co. And here’s the link: 000134547118000033.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.In another form on May 16, 2018 the percentage Nelson Peltz’s Trian Fund Management has in Consumer Discretionary- stock is 19.82%.

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

The Finance is the hedge fund most active 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 Changes

213 investors own Wendy’s Co says the latest Sec.gov 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 owned 181378573. In total 30 funds opened new Wendy’s Co stakes, 63 increased stakes. There were 23 that closed positions and 95 reduced them.

The stock take place in the top Ten portfolios of 3 managers. Well-known investors are: Managed Asset Portfolios Llc, Horizon Kinetics Llc, Trian Fund Management L.P…

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

Nelson Peltz’s Trian Fund Management website.

On August, 8 The Wendy's Company (NASDAQ:WEN)’s earnings release is anticipated by WallStreet, as reported by RTT. Analysts have expectation on stock’s EPS of $0.15. That’s 0.00 % from last year’s $0.15 EPS. If EPS of $0.15 is announced the profit of WEN could be $35.88 million giving it 27.23 P/E. Wall Street predicts 36.36 % EPS growth as of August, 8.

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

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant firm worldwide.The firm is worth $3.91 billion. It is involved in operating, developing, and franchising a system of quick-service restaurants.21.22 is the P/E ratio. 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

Total analysts of 14 have positions in Wendy’s (NASDAQ:WEN) as follows: 10 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 71%. The firm has $22.0 highest while $16 is the lowest target price. The average target $19.17 is 17.32% above the last ($16.34) price. Since December 20, 2017 according to StockzIntelligence Inc Wendy’s has 18 analyst reports. On Wednesday, December 20 the firm has “Buy” rating given by Wedbush. On Thursday, March 15 Mizuho initiated the shares of WEN in report with “Buy” rating. On Thursday, December 21 RBC Capital Markets maintained the shares of WEN in report with “Hold” rating. On Thursday, February 22 BMO Capital Markets maintained The Wendy's Company (NASDAQ:WEN) with “Buy” rating. The company rating was upgraded by Longbow on Thursday, March 8. The stock rating was downgraded by Longbow to “Neutral” on Friday, January 12. On Thursday, February 22 the stock of The Wendy's Company (NASDAQ:WEN) has “Overweight” rating given by Barclays Capital. In Wednesday, April 18 report Stifel Nicolaus maintained it with “Buy” rating and $20 target. On Tuesday, January 16 the firm has “Buy” rating by Barclays Capital given. On Monday, March 19 the rating was initiated by Oppenheimer with “Hold”.

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: