Stocks › Restaurants › WEN

The Wendy's Co WEN

US equityMarket cap rank #3129Restaurants

$6.11 −$0.05 (-0.81%)

Pre-market · Oct 8, 7:00 am ET · After hours $6.11 0.00%

Open$6.13

Prev close$6.16

Day range$6.07 – $6.23

Volume4.73M

Market cap$1.16B

P/E (TTM)9.3

Dividend yield9.17%

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Institutional ownership86.9%+0.23 pts vs. prior quarter

Institutions holding446-3 vs. prior quarter

Insider trades (recent)37 buys / 13 sellsNet buying

Short interest25.61% of floatDays to cover 9.1 · as of 15 Sep 2026

Short-sale volume share21.8%5-day average of daily volume

Short-sale volume as % of daily volume

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$8.62M (7 inflow days, 13 outflow days).

Net flow by order size, last 20 sessions

Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.

The five largest holders on file together own 36.6% of shares outstanding.

Largest holders

BlackRock13.80%
Trian Fund Management, L.P.7.84%
Vanguard Portfolio Management, LLC5.40%
Nelson Peltz5.30%
Vanguard Capital Management, LLC4.22%
Hamblin Watsa Investment Counsel Ltd.4.20%
Charles Schwab Investment Management3.95%
Wells Fargo & Company3.51%

By investor type

Mutual Fund56.55%
Hedge Fund14.88%
Individual/Insider9.61%
Public Company6.32%
Insurance Company4.48%
Private Company2.33%
Government Pension Fund2.12%
Family Office/Trust0.15%

Reported short interest has fallen from 31.50% to 25.61% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).

Recent institutional activity

Holder	Type	Period	Share change	New stake
Nuveen Asset Management LLC	Insurance Company	2026/Q3	+518,487	0.3%
Hamblin Watsa Investment Counsel Ltd.	Insurance Company	2026/Q3	+4,736,725	4.2%
BlackRock	Mutual Fund	2026/Q3	+4,576,075	13.8%
Point72 Asset Management, L.P.	Hedge Fund	2026/Q3	+1,901,097	1.0%
Geode Capital Management, LLC	Mutual Fund	2026/Q3	+1,313,451	2.2%
Peak6 Group LLC	Hedge Fund	2026/Q3	+1,108,770	0.8%
State Street Global Advisors	Mutual Fund	2026/Q3	+1,101,063	3.4%
Vanguard Portfolio Management, LLC	Mutual Fund	2026/Q3	+1,039,931	5.4%
Charles Schwab Investment Management	Mutual Fund	2026/Q3	+1,025,764	3.9%
Element Capital Management LLC	Hedge Fund	2026/Q3	+900,000	0.5%
Northern Trust Global Investments	Mutual Fund	2026/Q3	+746,138	1.8%
Janus Henderson Group plc	Mutual Fund	2026/Q3	+601,504	0.8%
The Goldman Sachs Group, Inc.	Public Company	2026/Q3	+530,838	0.8%
Converium Capital Inc.	Hedge Fund	2026/Q3	+500,000	0.3%
Gotham Asset Management, LLC	Hedge Fund	2026/Q3	+434,417	0.7%

Institutional buy/sell activity by reporting period, largest moves first.

Insider transactions

Date	Insider	Title	Transaction	Shares	Price	Held after
28 Sep 2026	Peter May	Independent Non-Executive Senior Vice Chairman	Other Acquisition	+4,009	$7.42	5,571,285
28 Sep 2026	Bradley Peltz	Director	Other Acquisition	+3,318	$7.42	184,669
14 Sep 2026	Robert Wright	Former Chief Operating Officer	Other Derivative Acquisition	+1,131	–	121,633
14 Sep 2026	Liliana Esposito	Chief Corporate Affairs & Sustainability Officer	Other Derivative Acquisition	+549	–	59,110
14 Sep 2026	Eric Wunsch	Chief Legal Officer	Other Derivative Acquisition	+1,680	–	180,921
14 Sep 2026	Tariq Hassan	Chief Marketing & Customer Growth Officer	Other Derivative Acquisition	+1,592	–	171,274
14 Sep 2026	Matthew Spessard	Senior VP & Global Chief Technology Officer	Other Derivative Acquisition	+458	–	49,341
14 Sep 2026	Steven Cirulis	Chief Financial Officer & Chief Strategy Officer	Other Derivative Acquisition	+370	–	39,906
14 Sep 2026	Wendy Arlin	Director	Other Derivative Acquisition	+442	–	47,547
14 Sep 2026	John Min	Chief Legal Officer	Other Derivative Acquisition	+898	–	96,805
14 Sep 2026	Aaron Kale	Chief Accounting Officer, Principal Accounting Officer & VP of Tax	Other Derivative Acquisition	+128	–	13,864
23 Aug 2026	Tariq Hassan	Chief Marketing & Customer Growth Officer	Other Derivative Acquisition	+169,682	–	169,682
23 Aug 2026	Tariq Hassan	Chief Marketing & Customer Growth Officer	Other Derivative Acquisition	+649,666	$8.84	649,666
14 Aug 2026	Lindsay Radkoski	Senior Vice President & Chief Marketing Officer of US	Derivative Exercise and Sale	-806	$8.64	63,168
14 Aug 2026	Lindsay Radkoski	Senior Vice President & Chief Marketing Officer of US	Derivative Exercise and Retained	+1,961	–	63,168
11 Aug 2026	Liliana Esposito	Chief Corporate Affairs & Sustainability Officer	Derivative Exercise and Sale	-9,785	$8.66	122,257
11 Aug 2026	Liliana Esposito	Chief Corporate Affairs & Sustainability Officer	Derivative Exercise and Retained	+26,319	–	122,257
11 Aug 2026	Eric Wunsch	Chief Legal Officer	Derivative Exercise and Sale	-18,826	$8.66	131,764
11 Aug 2026	Eric Wunsch	Chief Legal Officer	Derivative Exercise and Retained	+49,777	–	131,764
11 Aug 2026	Pete Suerken	President of U.S.	Derivative Exercise and Sale	-2,318	$8.66	6,869

From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.

Short interest, by report

Report date	Shares short	% of float	Days to cover
15 Sep 2026	48,835,192	25.6%	9.1
31 Aug 2026	47,962,117	25.2%	6.0
14 Aug 2026	51,057,370	26.8%	3.9
31 Jul 2026	58,820,073	30.9%	8.5
15 Jul 2026	57,533,325	30.2%	3.8
30 Jun 2026	59,995,573	31.5%	1.2

Discussion

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