Nykredit A S Takes Position in Domino’s Pizza Inc $DPZ

Nykredit A S acquired a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,343 shares of the restaurant operator’s stock, valued at approximately $4,542,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Soroban Capital Partners LP acquired a new stake in Domino’s Pizza in the first quarter worth about $895,251,000. BlackRock Inc. acquired a new position in Domino’s Pizza during the 2nd quarter valued at about $715,704,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after buying an additional 910,529 shares in the last quarter. Norges Bank bought a new stake in shares of Domino’s Pizza during the 4th quarter worth about $285,116,000. Finally, Van ECK Associates Corp lifted its stake in shares of Domino’s Pizza by 937,192.2% in the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock worth $141,513,000 after acquiring an additional 477,968 shares during the period. 94.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on DPZ. Oppenheimer lowered their price objective on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Rothschild & Co Redburn cut their target price on Domino’s Pizza from $340.00 to $290.00 in a research report on Monday, May 11th. Citigroup decreased their price target on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, July 7th. Evercore reissued an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Finally, Morgan Stanley cut their price objective on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Sixteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Hold” and a consensus target price of $397.74.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $341.08 on Monday. The company’s 50 day simple moving average is $333.96 and its 200 day simple moving average is $343.98. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $467.22. The company has a market capitalization of $11.28 billion, a P/E ratio of 19.35, a PEG ratio of 1.57 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last issued its 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%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $3.81 EPS. On average, analysts anticipate that Domino’s Pizza Inc will post 18.89 earnings per share for the current year.

Domino’s Pizza Announces Dividend

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

Insider Buying and Selling at Domino’s Pizza

In other news, CEO Russell 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 transaction of $3,589,505.50. Following the sale, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly Garcia sold 12,430 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 24,254 shares of company stock valued at $7,888,924. Corporate insiders own 0.89% of the company’s stock.

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.