Caisse de depot et placement du Quebec Acquires Shares of 54,226 Domino’s Pizza Inc $DPZ

Caisse de depot et placement du Quebec bought a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 54,226 shares of the restaurant operator’s stock, valued at approximately $16,053,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SHP Wealth Management purchased a new position in shares of Domino’s Pizza during the 4th quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Domino’s Pizza by 97.1% during 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 during the last quarter. Johnson Financial Group Inc. raised its position in Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 56 shares during the period. MBM Wealth Consultants LLC purchased a new stake in Domino’s Pizza in the 1st quarter worth about $31,000. Finally, Rakuten Securities Inc. purchased a new stake in Domino’s Pizza in the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the transaction, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 24,254 shares of company stock valued at $7,888,924. 0.89% of the stock is owned by company insiders.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $350.00 on Friday. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.60 and a beta of 0.94. The company’s 50-day simple moving average is $328.60 and its two-hundred day simple moving average is $345.64. Domino’s Pizza Inc has a one year low of $282.00 and a one year high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion during the quarter. During the same period in the previous year, the firm earned $3.81 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts expect that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. Domino’s Pizza’s payout ratio is 45.15%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BTIG Research restated a “buy” rating and set a $425.00 target price on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reduced their price target on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Oppenheimer dropped their price objective on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. JPMorgan Chase & Co. cut their price objective on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Finally, Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $397.42.

About Domino’s Pizza

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.