MGO One Seven LLC Acquires New Holdings in Domino’s Pizza Inc $DPZ

MGO One Seven LLC acquired a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 651 shares of the restaurant operator’s stock, valued at approximately $293,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DPZ. Principal Financial Group Inc. boosted its holdings in Domino’s Pizza by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock valued at $799,897,000 after acquiring an additional 53,124 shares during the period. Invesco Ltd. lifted its position in shares of Domino’s Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock worth $371,997,000 after purchasing an additional 200,622 shares in the last quarter. Northern Trust Corp lifted its position in shares of Domino’s Pizza by 13.9% during the first quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator’s stock worth $206,891,000 after purchasing an additional 54,909 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Domino’s Pizza by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator’s stock worth $184,888,000 after purchasing an additional 33,105 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Domino’s Pizza by 12.8% during the first quarter. Wellington Management Group LLP now owns 350,086 shares of the restaurant operator’s stock worth $160,847,000 after purchasing an additional 39,745 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $416.26 on Monday. The stock has a 50-day simple moving average of $439.25 and a 200-day simple moving average of $457.34. The stock has a market capitalization of $14.07 billion, a PE ratio of 24.33, a PEG ratio of 2.20 and a beta of 1.12. Domino’s Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.19 EPS. Analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 40.68%.

Insider Buying and Selling at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DPZ. Morgan Stanley increased their price target on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Guggenheim increased their price target on shares of Domino’s Pizza from $485.00 to $490.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Benchmark increased their price target on shares of Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company reduced their price target on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Finally, Citigroup reduced their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $489.92.

About Domino’s Pizza

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.