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

May 17, 2018 - By Linda Ocallaghan

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 is positive. 67 grew positions while 34 funds amassed positions. Funds hold 184.69 million shares thus 1.83% more from 2017Q3’s 181.38 million shares.

Citadel Advisors Ltd Liability Company owns 496,762 shs or 0% of their US capital. King Wealth Mgmt Gp Limited Com holds 79,843 shs or 0.46% of its capital. Caxton Assoc L P reported 327,500 shs. Ww Asset Mngmt has invested 0.01% in The Wendy's Company (NASDAQ:WEN). Neuberger Berman Group Ltd Liability Corporation owns 567,572 shs for 0.01% of their capital. Oregon Employees Retirement Fund holds 0.02% of its capital in The Wendy's Company (NASDAQ:WEN) for 70,581 shs. Point72 Asset Mgmt Ltd Partnership holds 0.2% of its capital in The Wendy's Company (NASDAQ:WEN) for 2.88 million shs. Company Bankshares reported 26,461 shs. Hbk Investments Ltd Partnership holds 0.02% or 104,199 shs in its capital. Engineers Gate Manager Ltd Partnership has 0.36% invested in The Wendy's Company (NASDAQ:WEN) for 319,907 shs. Janney Montgomery Scott Limited holds 0.01% or 54,823 shs. Canada Pension Plan Invest Board reported 668,000 shs stake. Manufacturers Life Ins Com The owns 302,481 shs for 0.01% of their capital. Castleark Management Ltd Liability Co holds 0.15% in The Wendy's Company (NASDAQ:WEN) or 304,645 shs. Jacobs Levy Equity Mgmt Incorporated owns 427,554 shs or 0.12% of their US capital.

The Wendy's Company had 7 selling transactions and 1 insider purchase since February 26, 2018. This’s net activity of $461.20 million. 5,000 shs were bought by Plosch Gunther, worth $83,109 on Wednesday, March 7. TRIAN FUND MANAGEMENT – L.P. sold $82.50 million worth of The Wendy's Company (NASDAQ:WEN) or 5.00M shs on Monday, February 26. On Monday, February 26 GARDEN EDWARD P also sold $82.50 million worth of The Wendy's Company (NASDAQ:WEN). Shares for $9.26M were sold by Brolick Emil J. on Thursday, March 8. On Monday, February 26 Peltz Matthew H. also sold $82.50 million worth of The Wendy's Company (NASDAQ:WEN). PELTZ NELSON also sold $82.50 million worth of The Wendy's Company (NASDAQ:WEN) on Monday, February 26.

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

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

The hedge fund looks more negative with $8.60 billion after 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 Holdings

213 investors own Wendy’s Co says the latest Securities and Exchange Commission filings. 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.

The stock participate in the top Ten portfolios of 3 managers. Notable investors are: Managed Asset Portfolios Llc, Horizon Kinetics Llc, Trian Fund Management L.P…

Since 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 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 has 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.

On August, 8 WallStreet anticipated The Wendy's Company (NASDAQ:WEN)’s earnings report, according to RTT. Analysts predict 0.00 % diference or $0.15 from the $0.15 EPS from 2017. This could reach $35.88 million profit for WEN assuming the current $0.15 earnings per share will become reality. 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, reaching $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. WEN outperformed the S&P 500 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.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

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 Thursday, February 22 the firm has “Overweight” rating given by Barclays Capital. In Thursday, March 15 report Mizuho initiated it with “Buy” rating and $19.0 target. The stock rating was maintained by SunTrust with “Buy” on Tuesday, January 2. The stock rating was maintained by SunTrust with “Buy” on Thursday, February 22. In Friday, February 23 report Guggenheim maintained the stock with “Buy” rating. On Friday, January 12 the company was downgraded by Longbow. On Monday, February 12 the stock of The Wendy's Company (NASDAQ:WEN) has “Market Perform” rating given by Wells Fargo. On Monday, March 5 the rating was maintained by Citigroup with “Buy”. On Friday, February 16 the company was upgraded by Guggenheim. On Thursday, March 1 the firm earned “Neutral” rating by UBS.

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

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