Pensionfund Sabic Acquires Shares of 2,400 Domino’s Pizza Inc $DPZ

Pensionfund Sabic bought a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,400 shares of the restaurant operator’s stock, valued at approximately $1,000,000.

Other hedge funds also recently made changes to their positions in the company. E. Ohman J or Asset Management AB bought a new position in Domino’s Pizza during the fourth quarter valued at about $270,000. Somerset Trust Co bought a new stake in Domino’s Pizza in the fourth quarter worth about $241,000. Diversified Trust Co. raised its position in Domino’s Pizza by 42.6% in the fourth quarter. Diversified Trust Co. now owns 2,848 shares of the restaurant operator’s stock worth $1,187,000 after acquiring an additional 851 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Domino’s Pizza by 28.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,327 shares of the restaurant operator’s stock valued at $3,791,000 after acquiring an additional 2,067 shares during the last quarter. Finally, Value Partners Investments Inc. boosted its stake in Domino’s Pizza by 0.8% in the fourth quarter. Value Partners Investments Inc. now owns 8,323 shares of the restaurant operator’s stock valued at $3,474,000 after acquiring an additional 68 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Barclays decreased their price target on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating for the company in a research note on Wednesday, January 7th. Guggenheim dropped their price objective on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $460.00 to $450.00 in a report on Tuesday, February 24th. Citigroup raised their target price on Domino’s Pizza from $420.00 to $440.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Finally, Wells Fargo & Company lowered their target price on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $475.71.

Domino’s Pizza Stock Up 0.7%

DPZ opened at $362.53 on Thursday. The firm has a 50-day moving average price of $394.95 and a 200-day moving average price of $411.58. Domino’s Pizza Inc has a twelve month low of $359.06 and a twelve month high of $499.08. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.55 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The business had revenue of $1.54 billion for the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.89 EPS. On average, sell-side analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a dividend of $1.99 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, March 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.30%.

Domino’s Pizza 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.