Domino's Pizza Inc to Issue Quarterly Dividend of $1.99 (NASDAQ:DPZ)

Key Points

• Domino’s announced a quarterly dividend of $1.99 per share, payable September 30 to shareholders of record on September 15. The company has increased its dividend for 12 consecutive years, with a stated yield of approximately 2.6%.
• Domino’s shares fell 1.8% to $311.60, while the company’s latest quarterly results showed revenue rising 4.3% year over year to $1.19 billion but EPS of $4.07 missing analyst expectations of $4.17.
• Company insiders sold 23,767 shares worth about $7.7 million over the past 90 days, while hedge funds and other institutional investors own 94.63% of Domino’s outstanding stock.

Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) announced a quarterly dividend on Tuesday, July 14th. Investors of record on Tuesday, September 15th will be given a dividend of 1.99 per share by the restaurant operator on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 15th.

Domino's Pizza has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 12 consecutive years.

Domino's Pizza Trading Down 1.8%

Domino's Pizza stock traded down $5.70 during midday trading on Friday, reaching $311.60. 597,142 shares of the stock traded hands, compared to its average volume of 780,775. The firm has a market cap of $10.31 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94. The company has a 50-day simple moving average of $336.15 and a two-hundred day simple moving average of $342.28. Domino's Pizza has a 12-month low of $282.00 and a 12-month high of $458.27.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion for the quarter. During the same quarter in the previous year, the company earned $3.81 earnings per share. The business's quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Domino's Pizza will post 18.88 earnings per share for the current year.

Insider Buying and Selling at Domino's Pizza

In other Domino's Pizza news, CEO Russell J. Weiner sold 10,850 shares of Domino's Pizza 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the company's stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 23,767 shares of company stock valued at $7,737,107. Corporate insiders own 0.89% of the company's stock.

Hedge Funds Weigh In On Domino's Pizza

Several hedge funds have recently added to or reduced their stakes in DPZ. California State Teachers Retirement System increased its position in shares of Domino's Pizza by 34,175.6% during the second quarter. California State Teachers Retirement System now owns 14,904,726 shares of the restaurant operator's stock worth $4,412,395,000 after purchasing an additional 14,861,241 shares in the last quarter. Soroban Capital Partners LP acquired a new stake in shares of Domino's Pizza in the 1st quarter valued at about $895,251,000. BlackRock Inc. purchased a new position in Domino's Pizza during the 2nd quarter worth approximately $715,704,000. Northwestern Mutual Wealth Management Co. grew its stake in 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 during the last quarter. Finally, Norges Bank acquired a new position in Domino's Pizza during the fourth quarter worth approximately $285,116,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

About Domino's Pizza

Domino's Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino's brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company's menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino's also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino's was initially known as Dominick's before adopting its current name in 1965.

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