Trian Fund Management, owning 16% of Wendy’s, considers a bid to take the fast-food chain private amid declining stock performance.
Wendy’s stock fell to $6.37 on May 5, its lowest price of the year, as the company plans to close 5%-6% of locations in 2026. The decline follows a peak in 2021 after a steady climb since 2013.
Despite a forward annual dividend yield of 6.91%, activist investor Nelson Peltz, through Trian Fund Management, views Wendy’s as undervalued. Trian owns 16% of the company and is exploring a takeover bid, according to reports.
A potential privatization could result in a payout for shareholders, though no immediate changes for customers are expected. The outcome remains uncertain.