Billionaire Nelson Peltz’s 8 Stock Picks with Highest Upside Potential

3. The Wendy’s Company (NASDAQ:WEN)

Trian Partners’ Stake: $497,557,973

Number of Hedge Fund Holders: 33

Analyst Upside Potential: 26.18%

The Wendy’s Company (NASDAQ:WEN) is a quick-service restaurant chain with fast-food restaurants worldwide. The company operates both company-owned and franchised restaurants, in fact, franchised restaurants make up a significant part of its revenue. Its main segments include Wendy’s US, Wendy’s International, and Global Real Estate & Development.

On March 6, The Wendy’s Company (NASDAQ:WEN) unveiled its next chapter of growth. Management shared its plans to update the core menu to meet customer demands while indicating its plans to increase investment in technology and operations to meet customer experience. The company also expects to add 1,000 new restaurants internationally by 2028, this is expected to keep the growth meter ticking with 3% to 4% annual net unit growth and 5% to 6% annual systemwide growth.

The fiscal 2024 results also showed resilience. It marked the 14 consecutive year of same-restaurant sales growth. During the fourth quarter alone, The Wendy’s Company (NASDAQ:WEN) grew its systemwide sales by 5.4% to reach $3.7 billion. Moreover, on April 22, Truist analyst Jake Bartlett lowered the firm’s price target on the stock to $17 from $19, while keeping a Buy rating. It is one of the billionaire Nelson Peltz’s stock picks with the highest upside potential.