Swedbank AB Sells 1,513 Shares of Domino’s Pizza Inc $DPZ

Swedbank AB cut its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 38.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,461 shares of the restaurant operator’s stock after selling 1,513 shares during the period. Swedbank AB’s holdings in Domino’s Pizza were worth $1,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DPZ. RMG Wealth Management LLC acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth $25,000. Signature Resources Capital Management LLC acquired a new position in Domino’s Pizza during the second quarter worth about $29,000. Mid American Wealth Advisory Group Inc. acquired a new position in Domino’s Pizza during the second quarter worth about $31,000. Atlantic Union Bankshares Corp bought a new position in shares of Domino’s Pizza in the second quarter worth about $34,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Domino’s Pizza in the 2nd quarter valued at approximately $42,000. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 15th. Barclays dropped their price target on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 22nd. Finally, Wells Fargo & Company lowered their target price on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $490.40.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $425.56 on Friday. Domino’s Pizza Inc has a fifty-two week low of $392.89 and a fifty-two week high of $500.55. The company has a 50 day simple moving average of $416.72 and a two-hundred day simple moving average of $437.56. The company has a market capitalization of $14.38 billion, a PE ratio of 24.87, a P/E/G ratio of 2.25 and a beta of 1.14.

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

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.68%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

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.