A Bearish Trade Wendy’s Co Made After Nelson Peltz’s Trian Fund Management decreased Its Position

May 17, 2018 - By Joseph Norton

Big Money Sentiment increased to 0.94 in 2017 Q4. It has change of 0.15, from 2017Q3’s 0.79. The ratio is positive due to The Wendy's Company positioning: 22 sold and 86 reduced. 34 funds amassed holdings and 67 increased holdings. Investors holded 181.38 million in 2017Q3 but now own 184.69 million shares or 1.83% more.

Fmr Ltd owns 14,621 shs for 0% of their capital. Fifth Third National Bank & Trust, Ohio-based fund reported 500 shs. Texas Permanent School Fund holds 0.03% or 122,788 shs. Swiss State Bank owns 0.01% invested in The Wendy's Company (NASDAQ:WEN) for 328,400 shs. First Republic holds 28,120 shs or 0% of its capital. New Mexico-based New Mexico Educational Retirement Board has invested 0.03% in The Wendy's Company (NASDAQ:WEN). Illinois-based Segall Bryant And Hamill Ltd Company has invested 0.02% in The Wendy's Company (NASDAQ:WEN). Brown Brothers Harriman And has invested 0% in The Wendy's Company (NASDAQ:WEN). Private Advisor Group Inc Lc reported 15,987 shs. Carroll Financial stated it has 0% in The Wendy's Company (NASDAQ:WEN). Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 26,532 shs. Creative Planning has 203,549 shs. 1St Source Bankshares accumulated 17,085 shs. Price T Rowe Assoc Inc Md accumulated 93,947 shs. State Teachers Retirement Sys has invested 0.02% of its capital in The Wendy's Company (NASDAQ:WEN).

The Wendy's Company registered $461.20 million net activity with 1 buy and 7 selling transactions since February 26, 2018. On Wednesday, March 7 the insider Plosch Gunther bought $83,109. Peltz Matthew H. sold $82.50 million worth of stock or 5.00 million shs. On Monday, February 26 5.00M shs were sold by PELTZ NELSON, worth $82.50 million. Brolick Emil J. sold $9.26 million worth of The Wendy's Company (NASDAQ:WEN) on Thursday, March 8. On Monday, February 26 the insider GARDEN EDWARD P sold $82.50 million. $82.50 million worth of The Wendy's Company (NASDAQ:WEN) shs were sold by MAY PETER W.

The reduced Interest in Wendy’s Co was posted by Nelson Peltz’s Trian Fund Management

SC 13D/A SEC filling was submitted by Trian Fund Management about Wendy’s Co. And here’s the link: 000134547118000033.The filler decreased its holding in the stock by -5.07 % for 47,413,172 shares.Nelson Peltz’s Trian Fund Management currently owns 19.82% of the Consumer Discretionary- stock. This ownership filing was filed because activity on May 16, 2018.

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 is active investor in the Finance sector. In the manager�s latest 13-F, we saw a few other positions. Its 25% of Nelson Peltz’s Trian Fund Management�s US portfolio.

And that’s Why Nelson Peltz’s Trian Fund Management Holds Wendy’s Co

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 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 Significant 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 holding 4.67% of its US portfolio or 39035921 shares. The stake that Horizon Kinetics Llc posted worth 3.24% of its portfolio 7093842 shares. Further, World Asset Management Inc posted 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 reveal earnings on August, 8., according to RTT. Analysts expect change of 0.00 % or $0.00 from previous year’s $0.15 EPS compared to current’s $0.15 EPS. WEN’s profit could reach $35.88M if the current EPS of $0.15 is accurate. After $0.11 EPS was announced previous quarter, analysts now see EPS growth of 36.36 % for The Wendy's Company.

WEN reached $16.34 during the last trading session after $0.19 change.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. WEN outperformed the S&P500 by 16.80%.

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant firm worldwide.The company has $3.91 billion market cap. 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 PT Wendy’s has $19.17 average PT 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. On Wednesday, April 18 the firm has “Buy” rating by Stifel Nicolaus given. On Tuesday, January 16 the firm earned “Buy” rating by Barclays Capital. The company rating was upgraded by Wedbush on Wednesday, December 20. In Monday, March 5 report Citigroup maintained the stock with “Buy” rating. On Monday, February 12 the stock has “Market Perform” rating by Wells Fargo. On Thursday, February 22 the stock of The Wendy's Company (NASDAQ:WEN) has “Buy” rating given by BMO Capital Markets. On Thursday, February 22 the stock has “Buy” rating by SunTrust. In Thursday, March 1 report UBS upgraded the stock to “Neutral” rating. On Thursday, December 21 the rating was maintained by RBC Capital Markets with “Hold”. On Thursday, March 8 the rating was upgraded by Longbow to “Buy”.

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

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