The Manufacturers Life Insurance Company Buys 3,395 Shares of Domino’s Pizza Inc $DPZ

The Manufacturers Life Insurance Company lifted its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 19.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 20,923 shares of the restaurant operator’s stock after buying an additional 3,395 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Domino’s Pizza were worth $7,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntleigh Advisors Inc. boosted its stake in Domino’s Pizza by 5.0% in the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 25 shares in the last quarter. Andina Capital Management LLC raised its stake in Domino’s Pizza by 3.1% during the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after acquiring an additional 33 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of Domino’s Pizza by 5.1% during the third quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 33 shares during the period. Novem Group lifted its holdings in shares of Domino’s Pizza by 5.1% during the fourth quarter. Novem Group now owns 703 shares of the restaurant operator’s stock valued at $293,000 after acquiring an additional 34 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Insider Activity

In other news, CEO Russell J. Weiner sold 10,850 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 24,742 shares of company stock worth $8,041,746. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Up 0.9%

Domino’s Pizza stock opened at $367.63 on Wednesday. The business’s 50-day simple moving average is $316.57 and its 200 day simple moving average is $352.45. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.76 and a beta of 0.94. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.Domino’s Pizza’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $3.81 earnings per share. As a group, sell-side analysts expect that Domino’s Pizza Inc will post 18.88 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.2%. Domino’s Pizza’s payout ratio is currently 45.15%.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of recent analyst reports. Gordon Haskett dropped their target price on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. KeyCorp restated a “sector weight” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Barclays decreased their price objective on shares of Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating on the stock in a research note on Monday, April 27th. TD Cowen raised their price objective on shares of Domino’s Pizza from $295.00 to $310.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Finally, UBS Group reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $402.16.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.