The Wendy's Company (WEN) At $17.02 Forms Top; Millennium Management Cut South St (SSB) Position

South State Corporation (NASDAQ:SSB) Logo

Millennium Management Llc decreased South St Corp (SSB) stake by 86.55% reported in 2017Q4 SEC filing. Millennium Management Llc sold 300,433 shares as South St Corp (SSB)’s stock declined 4.12%. The Millennium Management Llc holds 46,673 shares with $4.07M value, down from 347,106 last quarter. South St Corp now has $3.09B valuation. The stock decreased 1.97% or $1.7 during the last trading session, reaching $84.4. About 99,343 shares traded. South State Corporation (NASDAQ:SSB) has declined 1.28% since April 7, 2017 and is downtrending. It has underperformed by 12.83% the S&P500.

The Wendy's Company (WEN) formed multiple top with $17.70 target or 4.00% above today’s $17.02 share price. The Wendy's Company (WEN) has $4.08 billion valuation. The stock decreased 2.07% or $0.36 during the last trading session, reaching $17.02. About 2.80 million shares traded. The Wendy's Company (NASDAQ:WEN) has risen 28.35% since April 7, 2017 and is uptrending. It has outperformed by 16.80% the S&P500.

Analysts await The Wendy's Company (NASDAQ:WEN) to report earnings on May, 9. They expect $0.10 earnings per share, up 11.11% or $0.01 from last year’s $0.09 per share. WEN’s profit will be $23.94 million for 42.55 P/E if the $0.10 EPS becomes a reality. After $0.11 actual earnings per share reported by The Wendy's Company for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.

Since October 3, 2017, it had 1 buy, and 6 selling transactions for $421.68 million activity. $83,109 worth of The Wendy's Company (NASDAQ:WEN) was bought by Plosch Gunther. $82.50M worth of stock was sold by TRIAN FUND MANAGEMENT – L.P. on Monday, February 26. $82.50M worth of stock was sold by GARDEN EDWARD P on Monday, February 26. Wunsch E.J. also sold $54,736 worth of The Wendy's Company (NASDAQ:WEN) on Tuesday, October 3. $9.26M worth of The Wendy's Company (NASDAQ:WEN) was sold by Brolick Emil J.. The insider PELTZ NELSON sold $82.50M. Peltz Matthew H. had sold 5.00M shares worth $82.50M on Monday, February 26.

Among 22 analysts covering Wendy’s (NASDAQ:WEN), 13 have Buy rating, 1 Sell and 8 Hold. Therefore 59% are positive. Wendy’s had 55 analyst reports since August 6, 2015 according to SRatingsIntel. The company was upgraded on Friday, November 25 by Argus Research. The firm earned “Buy” rating on Monday, March 5 by Citigroup. Credit Suisse maintained The Wendy's Company (NASDAQ:WEN) rating on Thursday, November 9. Credit Suisse has “Neutral” rating and $15 target. The firm has “Buy” rating given on Thursday, March 8 by Longbow. The firm has “Buy” rating by BMO Capital Markets given on Thursday, June 22. The rating was downgraded by Longbow on Friday, January 12 to “Neutral”. The stock has “Neutral” rating by Longbow on Friday, January 6. The company was maintained on Wednesday, August 9 by BMO Capital Markets. The stock of The Wendy's Company (NASDAQ:WEN) has “Buy” rating given on Thursday, February 22 by SunTrust. The firm earned “Overweight” rating on Thursday, February 22 by Barclays Capital.

Investors sentiment increased to 0.94 in 2017 Q4. Its up 0.15, from 0.79 in 2017Q3. It is positive, as 22 investors sold The Wendy's Company shares while 86 reduced holdings. 34 funds opened positions while 67 raised stakes. 184.69 million shares or 1.83% more from 181.38 million shares in 2017Q3 were reported. State Treasurer State Of Michigan holds 65,243 shares or 0.01% of its portfolio. Landscape Mngmt Ltd owns 395,839 shares. Arrowstreet Cap Limited Partnership invested in 0% or 99,500 shares. Guggenheim Capital Limited Liability Com has 0% invested in The Wendy's Company (NASDAQ:WEN). Amalgamated Savings Bank has invested 0.02% in The Wendy's Company (NASDAQ:WEN). Spears Abacus Advsrs Ltd Liability Co holds 0.02% in The Wendy's Company (NASDAQ:WEN) or 10,267 shares. State Of Alaska Department Of Revenue reported 0.01% stake. D E Shaw & Company Inc has 0.03% invested in The Wendy's Company (NASDAQ:WEN). The California-based First Quadrant Limited Partnership Ca has invested 0.11% in The Wendy's Company (NASDAQ:WEN). Janney Montgomery Scott Limited Liability Corp holds 0.01% or 54,823 shares in its portfolio. Boyar Asset Management stated it has 115,760 shares. Proshare Advisors Ltd Liability Company reported 16,533 shares or 0% of all its holdings. Moreover, Gateway Inv Advisers Ltd has 0.06% invested in The Wendy's Company (NASDAQ:WEN). Capital Fund Management Sa holds 0.03% or 331,300 shares. Moreover, Tiaa Cref Investment Mngmt Ltd Llc has 0.01% invested in The Wendy's Company (NASDAQ:WEN).

Analysts await South State Corporation (NASDAQ:SSB) to report earnings on April, 20. They expect $1.29 earnings per share, up 12.17% or $0.14 from last year’s $1.15 per share. SSB’s profit will be $47.27M for 16.36 P/E if the $1.29 EPS becomes a reality. After $1.30 actual earnings per share reported by South State Corporation for the previous quarter, Wall Street now forecasts -0.77% negative EPS growth.

Millennium Management Llc increased Dte Energy Co (NYSE:DTE) stake by 442,612 shares to 498,478 valued at $54.56M in 2017Q4. It also upped International Game Technolog stake by 2.90 million shares and now owns 2.92 million shares. Antero Midstream Gp Lp was raised too.

Among 9 analysts covering South State Corp (NASDAQ:SSB), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. South State Corp had 28 analyst reports since July 28, 2015 according to SRatingsIntel. Sandler O’Neill maintained the shares of SSB in report on Wednesday, March 28 with “Hold” rating. The firm has “Hold” rating given on Monday, October 23 by Brean Capital. SunTrust maintained the shares of SSB in report on Thursday, October 26 with “Buy” rating. The rating was maintained by SunTrust with “Buy” on Tuesday, November 28. On Wednesday, December 2 the stock rating was initiated by Stephens with “Equal-Weight”. The firm earned “Buy” rating on Tuesday, October 3 by Keefe Bruyette & Woods. The firm has “Hold” rating by Brean Capital given on Monday, February 5. Brean Capital maintained the stock with “Hold” rating in Monday, October 30 report. The stock of South State Corporation (NASDAQ:SSB) earned “Hold” rating by Stephens on Friday, July 21. Wood initiated it with “Outperform” rating and $78 target in Monday, June 20 report.

The Wendy's Company (NASDAQ:WEN) Institutional Positions Chart