Wendy's Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:WEN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
04 Mar 25	SellUS$52,991	Kenneth Gilbert	Individual	3,500	US$15.14
07 Nov 24	SellUS$496,089	Michelle Mathews-Spradlin	Individual	24,462	US$20.28
08 Aug 24	SellUS$17,180,000	Trian Fund Management, L.P.	Company	1,000,000	US$17.18
03 Jun 24	SellUS$365,182	Kristin Dolan	Individual	21,000	US$17.39

Insider Trading Volume

Insider Buying: WEN insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of WEN?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	132,397	0.0644%
State or Government	153,655	0.0747%
Individual Insiders	17,802,362	8.66%
Hedge Funds	40,883,672	19.9%
Institutions	146,668,042	71.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 81.65% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
15.2%	Trian Fund Management, L.P.	30,525,029	US$471.0m	0.04%	8.54%
10.5%	The Vanguard Group, Inc.	21,098,155	US$325.5m	-4.22%	no data
9.88%	BlackRock, Inc.	19,804,753	US$305.6m	0.39%	no data
5.17%	AQR Capital Management, LLC	10,358,643	US$159.8m	-6.85%	0.21%
5%	Nelson Peltz	10,022,828	US$154.7m	0%	no data
4.61%	Harris Associates L.P.	9,249,305	US$142.7m	1.77%	0.18%
3.14%	Charles Schwab Investment Management, Inc.	6,303,279	US$97.3m	7.84%	0.02%
2.75%	Peter May	5,510,666	US$85.0m	0.03%	no data
2.72%	State Street Global Advisors, Inc.	5,458,671	US$84.2m	5.23%	no data
2.48%	Squarepoint OPS LLC	4,976,780	US$76.8m	50.3%	0.21%
2.29%	Point72 Asset Management, L.P.	4,592,205	US$70.9m	-29.8%	0.16%
2.13%	JP Morgan Asset Management	4,274,699	US$66.0m	-2.9%	0.01%
2.01%	Dimensional Fund Advisors LP	4,033,560	US$62.2m	1.1%	0.01%
1.73%	1832 Asset Management L.P.	3,464,600	US$53.5m	0%	0.08%
1.56%	Janus Henderson Group plc	3,133,832	US$48.4m	2.97%	0.02%
1.55%	Geode Capital Management, LLC	3,105,186	US$47.9m	0.24%	no data
1.22%	UBS Asset Management AG	2,452,223	US$37.8m	173%	no data
1.21%	BNY Asset Management	2,421,564	US$37.4m	-4.57%	0.01%
1.17%	City National Rochdale, LLC	2,341,596	US$36.1m	-6.71%	0.11%
1.03%	Millennium Management LLC	2,066,563	US$31.9m	-24.7%	0.03%
0.95%	Qube Research & Technologies Ltd	1,911,324	US$29.5m	597%	0.05%
0.86%	Eaton Vance Management	1,726,585	US$26.6m	2.65%	0.01%
0.85%	Invesco Capital Management LLC	1,706,382	US$26.3m	461%	0.01%
0.79%	Victory Capital Management Inc.	1,591,281	US$24.6m	93%	0.02%
0.79%	Northern Trust Global Investments	1,575,420	US$24.3m	24.3%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/21 21:18
End of Day Share Price	2025/03/21 00:00
Earnings	2024/12/29
Annual Earnings	2024/12/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Wendy's Company is covered by 49 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Staszak	Argus Research Company
Jeffrey Bernstein	Barclays
Jeffrey Bernstein	Barclays