Bessemer Group Inc. Sells 1,626 Shares of Domino’s Pizza Inc $DPZ

Bessemer Group Inc. reduced its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 41.5% during the second quarter, HoldingsChannel reports. The fund owned 2,289 shares of the restaurant operator’s stock after selling 1,626 shares during the quarter. Bessemer Group Inc.’s holdings in Domino’s Pizza were worth $1,031,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DPZ. Amalgamated Bank raised its stake in Domino’s Pizza by 1.1% in the 1st quarter. Amalgamated Bank now owns 6,924 shares of the restaurant operator’s stock valued at $3,181,000 after acquiring an additional 75 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Domino’s Pizza by 2.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,968 shares of the restaurant operator’s stock valued at $1,823,000 after purchasing an additional 95 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Domino’s Pizza in the first quarter valued at $2,319,000. D.A. Davidson & CO. grew its position in shares of Domino’s Pizza by 21.4% in the first quarter. D.A. Davidson & CO. now owns 5,985 shares of the restaurant operator’s stock valued at $2,750,000 after purchasing an additional 1,057 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in shares of Domino’s Pizza by 15.6% in the first quarter. OneDigital Investment Advisors LLC now owns 899 shares of the restaurant operator’s stock valued at $413,000 after purchasing an additional 121 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Trading Down 1.4%

Shares of NASDAQ DPZ opened at $398.46 on Friday. The business has a 50-day moving average of $432.56 and a 200-day moving average of $454.79. Domino’s Pizza Inc has a 12 month low of $394.30 and a 12 month high of $500.55. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.15 and a beta of 1.12.

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

Domino’s Pizza Dividend Announcement

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

Insiders Place Their Bets

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DPZ. UBS Group reiterated a “buy” rating and issued a $540.00 price target on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. TD Cowen reiterated a “buy” rating and issued a $510.00 price target on shares of Domino’s Pizza in a research report on Tuesday, October 14th. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday. Citigroup reduced their price target on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Finally, Morgan Stanley lifted their price target on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $490.32.

Domino’s Pizza Profile

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.