Domino’s Pizza Inc $DPZ Shares Sold by Swedbank AB

Swedbank AB decreased its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 70.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 733 shares of the restaurant operator’s stock after selling 1,728 shares during the period. Swedbank AB’s holdings in Domino’s Pizza were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DPZ. Northwestern Mutual Wealth Management Co. lifted its stake in Domino’s Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after purchasing an additional 910,529 shares during the last quarter. Norges Bank acquired a new position in Domino’s Pizza in the fourth quarter worth approximately $285,116,000. Berkshire Hathaway Inc grew its position 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 worth $1,396,347,000 after buying an additional 368,055 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Domino’s Pizza by 2,845.4% in the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock valued at $113,982,000 after buying an additional 255,060 shares in the last quarter. Finally, Woodline Partners LP increased its holdings in shares of Domino’s Pizza by 8,229.8% in the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock valued at $104,609,000 after buying an additional 239,405 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $325.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their target price on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research report on Thursday. Rothschild & Co Redburn reduced their price objective on shares of Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Finally, Gordon Haskett decreased their target price on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $405.39.

Domino’s Pizza Stock Down 0.5%

Shares of Domino’s Pizza stock traded down $1.42 during midday trading on Friday, hitting $299.46. The company’s stock had a trading volume of 624,376 shares, compared to its average volume of 920,736. The firm has a market capitalization of $9.96 billion, a P/E ratio of 17.24, a PEG ratio of 1.40 and a beta of 0.97. The stock has a 50-day simple moving average of $310.32 and a 200-day simple moving average of $362.64. Domino’s Pizza Inc has a 1-year low of $282.00 and a 1-year high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). The business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.33 earnings per share. As a group, sell-side analysts predict that Domino’s Pizza Inc will post 18.91 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Domino’s Pizza’s payout ratio is 45.83%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at $2,928,672.32. This represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 1,950 shares of company stock valued at $611,451. 0.89% of the stock is owned by corporate insiders.

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.