WENNasdaqRetail-Eating & Drinking PlacesFiscal year ends January 3
Wendy's Co
Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 7, 2026
$6.68−0.02 (-0.30%)
Close on Oct 19, 2026
- Market cap
- $1.28B
- P/E (TTM)
- 10.1
- Dividend yield
- 10.03%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
94.1%
179M of 191M shares
Institutional holders
403
78 new, 78 sold out
Net institutional buying
-11M
In Q2 2026
Insider trades, 12 months
2 buys · 0 sales
Net bought $17.85K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Nelson Peltz | 30,913,106 | 16.24% | 13D (active) amendment | Feb 18, 2026 |
| BlackRock, Inc. | 24,419,760 | 12.80% | 13G (passive) amendment | Jun 30, 2026 |
| AQR Capital Management, LLC | 11,705,610 | 6.15% | 13G (passive) | Dec 31, 2025 |
| Harris Associates, Inc. | 11,076,295 | 5.80% | 13G (passive) | Jun 30, 2025 |
| Vanguard Portfolio Management | 10,450,899 | 5.48% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of WEN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Trian Fund Management, L.P. | 30,468,434 | 15.98% | $252.58M | +22,412 | 5.97% |
| BlackRock, Inc. | 26,314,724 | 13.80% | $218.15M | +4,576,075 | 0.00% |
| Vanguard Portfolio Management LLC | 10,301,732 | 5.40% | $85.40M | +1,039,931 | 0.00% |
| Fairfax Financial Holdings Ltd/ Can | 8,005,627 | 4.20% | $66.29M | +4,736,725 | 2.51% |
| Charles Schwab Investment Management Inc | 7,523,646 | 3.95% | $62.37M | +1,025,723 | 0.01% |
| Vanguard Capital Management LLC | 6,924,310 | 3.63% | $57.40M | +100,873 | 0.00% |
| Wells Fargo & Company/Mn | 6,684,034 | 3.51% | $55.41M | −228,752 | 0.01% |
| State Street Corp | 6,566,985 | 3.44% | $54.44M | +1,101,063 | 0.00% |
| Harris Associates L P | 5,587,137 | 2.93% | $46.32M | −342,664 | 0.06% |
| Geode Capital Management, LLC | 4,270,644 | 2.24% | $35.41M | +1,313,451 | 0.00% |
| Morgan Stanley | 3,995,468 | 2.10% | $33.12M | −3,595,586 | 0.00% |
| Northern Trust Corp | 3,518,292 | 1.85% | $29.17M | +746,138 | 0.00% |
| Dimensional Fund Advisors LP | 3,499,298 | 1.84% | $29.01M | +22,562 | 0.01% |
| Healthcare Of Ontario Pension Plan Trust Fund | 2,475,000 | 1.30% | $20.52M | −1,275,000 | 0.03% |
| UBS Group AG | 2,392,515 | 1.25% | $19.83M | −284,541 | 0.00% |
| Bank of New York Mellon Corp | 2,280,217 | 1.20% | $18.90M | +121,686 | 0.00% |
| Point72 Asset Management, L.P. | 1,915,535 | 1.00% | $15.88M | +1,901,097 | 0.02% |
| Hotchkis & Wiley Capital Management LLC | 1,911,960 | 1.00% | $15.85M | +251,060 | 0.05% |
| Goldman Sachs Group Inc | 1,869,697 | 0.98% | $15.50M | +702,543 | 0.00% |
| Invesco Ltd. | 1,702,730 | 0.89% | $14.12M | +77,188 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 403 | 179M | 94.1% | 78 / 131 | 138 / 78 | 29M | 40M |
| Q1 2026 | 410 | 192M | 100.0% | 73 / 140 | 135 / 82 | 49M | 31M |
| Q4 2025 | 427 | 191M | 100.0% | 95 / 147 | 132 / 64 | 25M | 15M |
| Q3 2025 | 403 | 182M | 95.5% | 72 / 137 | 126 / 68 | 26M | 42M |
| Q2 2025 | 402 | 198M | 100.0% | 63 / 166 | 117 / 82 | 25M | 16M |
| Q1 2025 | 423 | 189M | 99.3% | 73 / 173 | 112 / 70 | 23M | 20M |
| Q4 2024 | 424 | 186M | 97.8% | 86 / 137 | 140 / 48 | 26M | 23M |
| Q3 2024 | 393 | 183M | 96.1% | 70 / 131 | 121 / 63 | 36M | 14M |
| Q2 2024 | 390 | 181M | 94.9% | 76 / 129 | 120 / 41 | 18M | 21M |
| Q1 2024 | 361 | 185M | 96.9% | 43 / 125 | 126 / 64 | 17M | 16M |
| Q4 2023 | 387 | 183M | 96.1% | 75 / 143 | 99 / 33 | 24M | 13M |
| Q3 2023 | 350 | 171M | 89.9% | 48 / 124 | 120 / 53 | 25M | 17M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of WEN | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 9,527,131 | 5.00% | $78.98M | 0.07% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 4,851,270 | 2.54% | $40.22M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 4,217,519 | 2.21% | $34.96M | 0.04% | Jun 30, 2026 |
| Schwab U.S. Dividend Equity ETF | 3,761,968 | 1.97% | $28.97M | 0.03% | May 31, 2026 |
| Vanguard Small-Cap Index Fund | 3,491,260 | 1.83% | $28.94M | 0.02% | Jun 30, 2026 |
| Oakmark Equity and Income Fund | 3,397,400 | 1.78% | $28.16M | 0.48% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 2,213,804 | 1.16% | $18.35M | 0.03% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,808,614 | 0.95% | $14.99M | 0.02% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,783,539 | 0.94% | $13.13M | 0.04% | Jul 31, 2026 |
| Janus Henderson Small/Mid Cap Growth Alpha ETF | 1,480,199 | 0.78% | $10.89M | 1.04% | Jul 31, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 1,450,711 | 0.76% | $12.03M | 0.07% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 1,419,300 | 0.74% | $11.77M | 0.08% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Value ETF | 1,359,920 | 0.71% | $11.27M | 0.14% | Jun 30, 2026 |
| Vanguard Tax-Managed Small-Cap Fund | 1,283,312 | 0.67% | $10.64M | 0.09% | Jun 30, 2026 |
| Schwab Fundamental U.S. Small Company ETF | 1,260,177 | 0.66% | $9.70M | 0.11% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Robert D. Wright | President & CEO, Director | 156,013 | 0.08% | Sep 17, 2026 |
| Kirk Tanner | President & CEO, Director | 117,842 | 0.06% | Jun 18, 2025 |
| Liliana Esposito | Chf Corp Affrs & Sustnblty Ofc | 119,162 | 0.06% | Sep 17, 2026 |
| Matthew P. Spessard | Chief Information Officer | 29,335 | 0.02% | Sep 17, 2026 |
| John Min | Chief Legal Ofcr & Secretary | 39,060 | 0.02% | Sep 17, 2026 |
| Steven Cirulis | CFO & Chf Strategy Ofc | – | – | Sep 17, 2026 |
| Aaron M. Kale | Chief Accounting Officer | 15,037 | 0.01% | Sep 17, 2026 |
| E.J. Wunsch | President, International | 142,520 | 0.07% | Sep 17, 2026 |
| Tariq Hassan | CMO & Customer Growth Officer | – | – | Sep 17, 2026 |
| Lindsay J. Radkoski | CMO, U.S. | 63,974 | 0.03% | Aug 18, 2026 |
| Peter J. Suerken JR | President, U.S. | 6,869 | 0.00% | Aug 14, 2026 |
| Kenneth M. Cook | Chief Financial Officer | 1,500 | 0.00% | Jun 17, 2026 |
| Suzanne M. Thuerk | Chief Accounting Officer | 12,619 | 0.01% | Mar 18, 2026 |
| Matthew Coley O'Brien | Chief People Officer | 112,277 | 0.06% | Mar 18, 2026 |
| Abigail E. Pringle | President, U.S. | 187,248 | 0.10% | Jun 18, 2025 |
| Wendy C. Arlin | Director | 3,350 | 0.00% | Sep 17, 2026 |
| Bradley G. Peltz | Director | 181,351 | 0.10% | Jul 1, 2026 |
| Peter W. May | Director, 10% owner | 105,361,995 | 55.26% | Jul 1, 2026 |
| Mich J. Mathews-Spradlin | Director | 98,740 | 0.05% | May 22, 2026 |
| Arthur B. Winkleblack | Director | 118,819 | 0.06% | May 22, 2026 |
| Peter Rothschild | Director | 199,121 | 0.10% | May 22, 2026 |
| Richard H. Gomez | Director | 62,310 | 0.03% | May 22, 2026 |
| Michelle Caruso-Cabrera | Director | 51,663 | 0.03% | May 22, 2026 |
| Kristin A. Dolan | Director | 47,755 | 0.03% | Apr 7, 2026 |
| Matthew H. Peltz | Director, 10% owner | 15,207,995 | 7.98% | Jul 2, 2025 |
| Kenneth W. Gilbert | Director | 27,804 | 0.01% | Mar 19, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Lindsay J. Radkoski CMO, U.S. | Aug 15, 2026 | Option exercise | +2,767 | – | – | 63,974 |
| Lindsay J. Radkoski CMO, U.S. | Aug 15, 2026 | Tax withholding | −806 | $8.64 | $6.96K | 63,168 |
| Liliana Esposito Chf Corp Affrs & Sustnblty Ofc | Aug 12, 2026 | Tax withholding | −8,634 | $8.66 | $74.77K | 119,162 |
| Liliana Esposito Chf Corp Affrs & Sustnblty Ofc | Aug 12, 2026 | Option exercise | +4,246 | – | – | 123,408 |
| Liliana Esposito Chf Corp Affrs & Sustnblty Ofc | Aug 12, 2026 | Tax withholding | −1,151 | $8.66 | $9.97K | 122,257 |
| Liliana Esposito Chf Corp Affrs & Sustnblty Ofc | Aug 12, 2026 | Option exercise | +31,858 | – | – | 127,796 |
| E.J. Wunsch President, International | Aug 12, 2026 | Option exercise | +60,533 | – | – | 142,520 |
| E.J. Wunsch President, International | Aug 12, 2026 | Tax withholding | −16,405 | $8.66 | $142.07K | 126,115 |
| E.J. Wunsch President, International | Aug 12, 2026 | Option exercise | +8,070 | – | – | 134,185 |
| E.J. Wunsch President, International | Aug 12, 2026 | Tax withholding | −2,421 | $8.66 | $20.97K | 131,764 |
| Matthew P. Spessard Chief Information Officer | Aug 12, 2026 | Tax withholding | −6,606 | $8.66 | $57.21K | 29,335 |
| Matthew P. Spessard Chief Information Officer | Aug 12, 2026 | Option exercise | +3,051 | – | – | 32,386 |
| Matthew P. Spessard Chief Information Officer | Aug 12, 2026 | Tax withholding | −881 | $8.66 | $7.63K | 31,505 |
| Matthew P. Spessard Chief Information Officer | Aug 12, 2026 | Option exercise | +22,896 | – | – | 35,941 |
| Aaron M. Kale Chief Accounting Officer | Aug 12, 2026 | Option exercise | +2,209 | – | – | 15,037 |
| Aaron M. Kale Chief Accounting Officer | Aug 12, 2026 | Tax withholding | −599 | $8.66 | $5.19K | 14,438 |
| John Min Chief Legal Ofcr & Secretary | Aug 12, 2026 | Tax withholding | −1,678 | $8.66 | $14.53K | 39,060 |
| John Min Chief Legal Ofcr & Secretary | Aug 12, 2026 | Option exercise | +5,918 | – | – | 40,738 |
| John Min Chief Legal Ofcr & Secretary | Aug 12, 2026 | Tax withholding | −12,589 | $8.66 | $109.02K | 34,820 |
| John Min Chief Legal Ofcr & Secretary | Aug 12, 2026 | Option exercise | +44,404 | – | – | 47,409 |
| Lindsay J. Radkoski CMO, U.S. | Aug 12, 2026 | Tax withholding | −7,555 | $8.66 | $65.43K | 58,501 |
| Lindsay J. Radkoski CMO, U.S. | Aug 12, 2026 | Option exercise | +3,713 | – | – | 62,214 |
| Lindsay J. Radkoski CMO, U.S. | Aug 12, 2026 | Tax withholding | −1,007 | $8.66 | $8.72K | 61,207 |
| Lindsay J. Radkoski CMO, U.S. | Aug 12, 2026 | Option exercise | +27,878 | – | – | 66,056 |
| Peter J. Suerken JR President, U.S. | Aug 12, 2026 | Tax withholding | −2,318 | $8.66 | $20.07K | 6,869 |
| Peter J. Suerken JR President, U.S. | Aug 12, 2026 | Option exercise | +7,963 | – | – | 9,187 |
| Aaron M. Kale Chief Accounting Officer | Aug 11, 2026 | Option exercise | +1,748 | – | – | 13,327 |
| Aaron M. Kale Chief Accounting Officer | Aug 11, 2026 | Tax withholding | −499 | $7.55 | $3.77K | 12,828 |
| Matthew P. Spessard Chief Information Officer | Aug 11, 2026 | Tax withholding | −183 | $7.55 | $1.38K | 13,045 |
| Matthew P. Spessard Chief Information Officer | Aug 11, 2026 | Option exercise | +633 | – | – | 13,228 |
| Liliana Esposito Chf Corp Affrs & Sustnblty Ofc | Aug 11, 2026 | Option exercise | +1,748 | – | – | 96,437 |
| Liliana Esposito Chf Corp Affrs & Sustnblty Ofc | Aug 11, 2026 | Tax withholding | −499 | $7.55 | $3.77K | 95,938 |
| Lindsay J. Radkoski CMO, U.S. | Aug 11, 2026 | Option exercise | +633 | – | – | 38,363 |
| Lindsay J. Radkoski CMO, U.S. | Aug 11, 2026 | Tax withholding | −185 | $7.55 | $1.40K | 38,178 |
| E.J. Wunsch President, International | Aug 11, 2026 | Option exercise | +3,070 | – | – | 82,858 |
| E.J. Wunsch President, International | Aug 11, 2026 | Tax withholding | −871 | $7.55 | $6.58K | 81,987 |
| Lindsay J. Radkoski CMO, U.S. | Aug 5, 2026 | Tax withholding | −322 | $7.99 | $2.57K | 37,730 |
| Lindsay J. Radkoski CMO, U.S. | Aug 5, 2026 | Option exercise | +1,104 | – | – | 38,052 |
| Liliana Esposito Chf Corp Affrs & Sustnblty Ofc | Aug 5, 2026 | Tax withholding | −654 | $7.99 | $5.23K | 94,689 |
| Liliana Esposito Chf Corp Affrs & Sustnblty Ofc | Aug 5, 2026 | Option exercise | +2,294 | – | – | 95,343 |
| Aaron M. Kale Chief Accounting Officer | Aug 5, 2026 | Tax withholding | −404 | $7.99 | $3.23K | 11,579 |
| Aaron M. Kale Chief Accounting Officer | Aug 5, 2026 | Option exercise | +1,415 | – | – | 11,983 |
| Matthew P. Spessard Chief Information Officer | Aug 5, 2026 | Option exercise | +1,191 | – | – | 12,939 |
| Matthew P. Spessard Chief Information Officer | Aug 5, 2026 | Tax withholding | −344 | $7.99 | $2.75K | 12,595 |
| E.J. Wunsch President, International | Aug 5, 2026 | Tax withholding | −1,568 | $7.99 | $12.53K | 79,788 |
| E.J. Wunsch President, International | Aug 5, 2026 | Option exercise | +5,529 | – | – | 81,356 |
| Peter W. May Director, 10% owner | Jun 29, 2026 | Award | +4,262 | $6.98 | $29.75K | 5,567,276 |
| Bradley G. Peltz Director | Jun 29, 2026 | Award | +3,527 | $6.98 | $24.62K | 48,954 |
| Richard H. Gomez Director | May 20, 2026 | Award | +20,967 | – | – | 62,310 |
| Michelle Caruso-Cabrera Director | May 20, 2026 | Award | +20,967 | – | – | 51,663 |
| Arthur B. Winkleblack Director | May 20, 2026 | Award | +32,580 | – | – | 118,819 |
| Peter W. May Director, 10% owner | May 20, 2026 | Award | +20,967 | – | – | 5,563,014 |
| Peter Rothschild Director | May 20, 2026 | Award | +20,967 | – | – | 199,121 |
| Mich J. Mathews-Spradlin Director | May 20, 2026 | Award | +20,967 | – | – | 98,740 |
| Bradley G. Peltz Director | May 20, 2026 | Award | +20,967 | – | – | 45,427 |
| Bradley G. Peltz Director | Apr 3, 2026 | Award | +3,448 | $7.14 | $24.62K | 24,460 |
| Peter W. May Director, 10% owner | Apr 3, 2026 | Award | +4,166 | $7.14 | $29.75K | 5,542,047 |
| Kristin A. Dolan Director | Apr 3, 2026 | Award | +1,047 | $7.14 | $7.48K | 47,755 |
| E.J. Wunsch President, International | Mar 27, 2026 | Other | −2,801 | – | – | 75,827 |
| Matthew Coley O'Brien Chief People Officer | Mar 1, 2026 | Option exercise | +18,598 | – | – | 112,277 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Pringle Abigail Officer | May 5, 2025 | 136,819 | $1.72M | May 5, 2025 | Stock option award |
| W. Gilbert Kenneth Director | Mar 4, 2025 | 3,500 | $52.99K | Mar 4, 2025 | Restricted stock vesting under a registered plan |
| Mathews-Spradlin Michelle Director | Nov 7, 2024 | 24,462 | $496.09K | Nov 7, 2024 | RSA vesting |
| Trian Fund Management, L.P. Director | Aug 8, 2024 | 1,000,000 | $16.97M | Aug 8, 2024 | Open market purchases, tender offer and exercises of put/call options |
| A. Dolan Kristin Director | Jun 3, 2024 | 21,000 | $365.18K | Jun 3, 2024 | RSA Vesting |
| W. Gilbert Kenneth Director | Mar 1, 2024 | 4,500 | $81.32K | Mar 1, 2024 | Restricted stock vesting under a registered plan |
| Joseph A. Levato Director | Nov 30, 2023 | 20,000 | $375.60K | Nov 30, 2023 | Stock Bonus |
| Trian Fund Management, L.P. Director | Nov 14, 2023 | 1,883,593 | $35.13M | Nov 14, 2023 | Open market purchases, tender offer and exercises of put/call options |
| Trian Fund Management, L.P. Director | Aug 22, 2023 | 2,905,569 | $59.22M | Aug 22, 2023 | Open market purchases, tender offer and exercises of put/call options |
| W. Gilbert Kenneth Director | Jun 1, 2023 | 3,000 | $66.09K | Jun 1, 2023 | Restricted stock vesting under a registered plan |
| Trian Fund Management, L.P. Director | May 22, 2023 | 1,000,000 | $22.68M | May 22, 2023 | Open market purchases, tender offer and exercises of put/call options |