Shares of Wendy's (NASDAQ:WEN | WEN Price Prediction) are up 5% to $8.88 in midday trading Wednesday after reports that Nelson Peltz's Trian Fund Management is assembling a consortium to take the company private.
Wendy's is a live take-out candidate, with Trian Partners, Flynn Group, and BlueFive Capital forming a buyout consortium. WEN's US sales and operating cash flows are declining, but its real estate holdings and low 3.8% cost of debt are valuable. The Real Estate segment could be professionally managed as a mini-REIT, unlocking significant equity value and compounding returns.
Wendy's TodayWENWendy's$8.44 -0.18 (-2.03%) As of 12:05 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$6.07▼$10.84Dividend Yield6.63%P/E Ratio12.73Price Target$7.76Add to WatchlistWith rumors swirling that activist investor Nelson Peltz's Trian Fund Management is putting together resources necessary to take Wendy's Co. NASDAQ: WEN private, investors are bracing for a fast food shake-up that rivals any seen in recent years.
This automatic tax withholding tied to RSU vesting reduced Min's direct holdings by 27%, though he retains 39,059 shares and close to 100,000 derivative units.
The non-discretionary transaction involved 7,487 shares representing a value of $64,800. The activity consisted entirely of shares withheld for tax obligations following the vesting of restricted stock units.
The disposition of 8,562 shares at $8.66 per share resulted in a transaction value of about $74,100 on August 12. The transaction reduced the insider's direct equity holdings by 12%.
The transaction involved 18,826 shares with a total value of $163,000 at $8.66 per share. The non-discretionary disposition reduced the insider's direct equity position by 13%.