The Wendy's Co is engaged in operating, developing, and franchising a system of distinctive quick-service restaurants serving high-quality food. The company operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development. Wendy's U.S. and Wendy's International include the operation and franchising of restaurants and derive revenues from sales at company-operated restaurants, as well as royalties, franchise fees, and advertising fund collections from franchised restaurants. Global Real Estate & Development includes real estate activities for owned and leased sites that are leased or subleased to franchisees and includes the company's share of income from its Canadian restaurant real estate joint venture.

Institution	Shares	Value	Change
Trian Fund Management,	30,468,434	$253M	INCREASED
BlackRock	26,314,724	$218M	INCREASED
Vanguard	18,622,829	$154M	INCREASED
State Street	6,566,985	$54M	INCREASED
Geode Capital Management	4,270,644	$35M	INCREASED

The Wendy's Company (WEN) Ownership & Trading Activity

Top Institutional Holders