Kennon Green & Company LLC Increases Position in Domino’s Pizza Inc $DPZ

Kennon Green & Company LLC increased its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 118.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,860 shares of the restaurant operator’s stock after purchasing an additional 5,341 shares during the period. Domino’s Pizza makes up about 2.4% of Kennon Green & Company LLC’s holdings, making the stock its 17th biggest position. Kennon Green & Company LLC’s holdings in Domino’s Pizza were worth $2,954,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Berkshire Hathaway Inc lifted its stake in Domino’s Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after buying an additional 368,055 shares during the period. Soroban Capital Partners LP acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $895,251,000. BlackRock Inc. bought a new stake in shares of Domino’s Pizza in the 2nd quarter valued at $715,704,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Domino’s Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after acquiring an additional 7,497 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Domino’s Pizza by 247.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after acquiring an additional 375,709 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DPZ shares. Wells Fargo & Company increased their target price on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. TD Cowen lifted their price target on shares of Domino’s Pizza from $310.00 to $320.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. Royal Bank Of Canada dropped their price objective on shares of Domino’s Pizza from $350.00 to $325.00 and set a “sector perform” rating on the stock in a report on Monday. Guggenheim cut their price objective on shares of Domino’s Pizza from $440.00 to $325.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. Finally, Loop Capital restated a “hold” rating and issued a $353.00 target price on shares of Domino’s Pizza in a research note on Monday, August 10th. Sixteen equities research 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 currently has an average rating of “Hold” and an average price target of $392.58.

Domino’s Pizza Stock Down 0.1%

DPZ stock traded down $0.34 during midday trading on Monday, reaching $297.27. 597,276 shares of the company’s stock traded hands, compared to its average volume of 910,285. The firm’s fifty day moving average price is $331.21 and its 200-day moving average price is $330.89. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $442.35. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.37 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data 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 during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $3.81 earnings per share. Analysts forecast that Domino’s Pizza Inc will post 18.95 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $1.99 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.7%. Domino’s Pizza’s dividend payout ratio is presently 45.15%.

Insider Activity

In related news, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction 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. The trade was a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction dated 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 completion of 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 23,767 shares of company stock valued at $7,737,107. 0.89% of the stock is currently owned by corporate insiders.

Domino’s Pizza Profile

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.