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
03 Jun 25	BuyUS$58,984	Lindsay Radkoski	Individual	5,050	US$11.68
23 May 25	BuyUS$17,025	Kenneth Cook	Individual	1,500	US$11.35
21 May 25	BuyUS$20,300	Matthew O’Brien	Individual	1,750	US$11.60
09 May 25	BuyUS$11,980	John Min	Individual	1,000	US$11.98
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

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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	0.066%
State or Government	154,208	0.0769%
Individual Insiders	18,176,242	9.07%
Hedge Funds	28,489,864	14.2%
Institutions	153,543,105	76.6%

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

Top Shareholders

Top 25 shareholders own 83.75% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.2%	The Vanguard Group, Inc.	21,257,705	US$193.7m	-1.74%	no data
10.4%	BlackRock, Inc.	19,770,080	US$180.1m	-0.02%	no data
7.84%	Trian Fund Management, L.P.	14,943,466	US$136.1m	0%	2.35%
7.11%	AQR Capital Management, LLC	13,546,398	US$123.4m	29.2%	0.09%
5.81%	Harris Associates L.P.	11,076,295	US$100.9m	13.6%	0.12%
5.3%	Nelson Peltz	10,103,932	US$92.0m	0%	no data
4.56%	Point72 Asset Management, L.P.	8,691,618	US$79.2m	32.6%	0.13%
3.45%	Charles Schwab Investment Management, Inc.	6,573,171	US$59.9m	-2.87%	0.01%
3%	UBS Asset Management AG	5,710,381	US$52.0m	190%	no data
2.9%	Peter May	5,532,177	US$50.4m	0.1%	no data
2.69%	State Street Global Advisors, Inc.	5,131,100	US$46.7m	-9.47%	no data
2.65%	Arrowstreet Capital, Limited Partnership	5,041,012	US$45.9m	61.3%	0.03%
2.26%	Dimensional Fund Advisors LP	4,312,795	US$39.3m	4.71%	0.01%
2.07%	Millennium Management LLC	3,945,889	US$35.9m	3.2%	0.03%
1.72%	Janus Henderson Group plc	3,283,711	US$29.9m	2.17%	0.01%
1.68%	Geode Capital Management, LLC	3,195,270	US$29.1m	-4.12%	no data
1.43%	Bank of America Corporation	2,728,553	US$24.9m	34.8%	0.01%
1.27%	BNY Asset Management	2,423,622	US$22.1m	-5.47%	no data
1.21%	Eaton Vance Management	2,311,519	US$21.1m	27.1%	no data
1.06%	Northern Trust Global Investments	2,022,860	US$18.4m	-32.3%	no data
1.04%	Morgan Stanley	1,987,870	US$18.1m	76.1%	no data
0.98%	JP Morgan Asset Management	1,860,329	US$16.9m	-56%	no data
0.87%	Norges Bank Investment Management	1,657,531	US$15.1m	526%	no data
0.71%	City National Rochdale, LLC	1,353,726	US$12.3m	-41.9%	0.03%
0.6%	Connor, Clark & Lunn Investment Management Ltd.	1,134,230	US$10.3m	6,470%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/08 03:41
End of Day Share Price	2025/10/08 00:00
Earnings	2025/06/29
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 51 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