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Wendy's Company (The) stock price
Wendy's Company (The) latest news:
UPDATE 1-Wendy's same-restaurant sales miss estimates
Feb 21 (Reuters) - U.S. burger chain Wendy's Co on
Wednesday missed Wall Street estimates for same-restaurant sales
in North America as fewer customers visited its outlets amid
intense competition with bigger rivals such as McDonald's Corp
BRIEF-The Wendy's Company Board Of Directors Authorizes 21 Pct Dividend Rate Increase
* THE WENDY'S COMPANY BOARD OF DIRECTORS AUTHORIZES 21
DIVIDEND RATE INCREASE AND NEW $175 MILLION SHARE REPURCHASE
BRIEF-Wendy's Completes $925 Mln Securitized Financing Facility
* THE WENDY'S COMPANY COMPLETES $925 MILLION SECURITIZED
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Further company coverage:
McDonald's price target revised down at SunTrust
SunTrust Robinson Humphrey revised McDonald's Corp.'s price target down to $187, reversing an earlier note that moved the price target to $205 from $178. "[W]e overestimated the impact of tax reform on McDonald's tax rate, by mistakenly holding the foreign tax rate steady," SunTrust analysts say in the revision. "We now estimate the foreign tax differential to be +3.3% vs. -4.5% prior, which increases our '18/'19 tax rate estimate to 26.1% vs. 18.3% prior, down from 32.6% in '17." Other price target moves in the earlier note include Wendy's Co. to $22 from $17, Shake Shack Inc. to $60 from $50, and Chipotle Mexican Grill Inc. to $363 from $355. McDonald's shares are up 44% for the last year while the Dow Jones Industrial Average is up nearly 25% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hamburger chain Wendy's to reduce antibiotic use in beef supply
CHICAGO, Dec 15 (Reuters) - Hamburger chain Wendy's Co
laid out plans on Friday to trim the use of antibiotics
that are important to human medicine from its beef supply, the
latest step by a food company to fight concerns about resistance
to the drugs in people.
Wendy's launches first mobile offer with buy-one-get-one deals
Fast-food chain Wendy's Co. said Monday that it has launched its first-ever mobile offering with three digital deals available via the Wendy's app. Currently, the deals are a buy-one-get-one free for a Dave's Single hamburger, a buy-one-get-one-free for a spicy chicken sandwich, and $2 off any full-sized salad. Wendy's is also bringing back its Double Stack double cheeseburger to the 4 for $4 menu. Wendy's shares are down 1.2% in Monday trading, but up 5.5% for the past year. The S&P 500 index is up 17.6% for the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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