13,564 Shares in Domino's Pizza Inc $DPZ Bought by Nykredit A S

Key Points

• Nykredit A S acquired 13,564 Domino’s Pizza shares worth approximately $4.0 million in the second quarter. Institutional investors own 94.63% of DPZ, with several other firms also increasing their positions.
• Analyst sentiment is mixed: 16 analysts rate the stock Buy, 14 Hold and one Sell. The consensus rating is Hold, with an average price target of $398.06 after several analysts recently reduced their targets.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but EPS of $4.07 missed estimates by $0.10. The company declared a quarterly dividend of $1.99 per share, representing a 2.7% annualized yield.

Nykredit A S acquired a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,564 shares of the restaurant operator's stock, valued at approximately $4,015,000.

Other large investors have also bought and sold shares of the company. VELA Investment Management LLC boosted its holdings in Domino's Pizza by 6.9% in the second quarter. VELA Investment Management LLC now owns 1,188 shares of the restaurant operator's stock valued at $352,000 after acquiring an additional 77 shares during the last quarter. Corient Private Wealth LP lifted its holdings in Domino's Pizza by 78.8% in the second quarter. Corient Private Wealth LP now owns 15,455 shares of the restaurant operator's stock valued at $4,575,000 after buying an additional 6,813 shares during the period. HORAN Wealth LLC boosted its position in Domino's Pizza by 1.0% during the second quarter. HORAN Wealth LLC now owns 7,740 shares of the restaurant operator's stock valued at $2,291,000 after acquiring an additional 73 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Domino's Pizza during the second quarter valued at $15,886,000. Finally, HB Wealth Management LLC grew its holdings in Domino's Pizza by 55.7% during the 2nd quarter. HB Wealth Management LLC now owns 2,791 shares of the restaurant operator's stock worth $827,000 after acquiring an additional 999 shares during the period. 94.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DPZ shares. Oppenheimer lowered their price objective on Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Seaport Research Partners began coverage on Domino's Pizza in a report on Wednesday, September 16th. They issued a "neutral" rating for the company. BMO Capital Markets dropped their price target on Domino's Pizza from $450.00 to $420.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 21st. Morgan Stanley cut their price target on Domino's Pizza from $395.00 to $370.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 15th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $350.00 price objective on shares of Domino's Pizza in a research report on Monday, August 24th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $398.06.

Domino's Pizza Stock Up 0.4%

Shares of DPZ opened at $297.11 on Wednesday. Domino's Pizza Inc has a 12-month low of $282.00 and a 12-month high of $442.35. The business's fifty day moving average is $335.73 and its 200 day moving average is $336.83. The stock has a market cap of $9.83 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.36 and a beta of 0.94.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.10). Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business had revenue of $1.19 billion for the quarter. During the same period in the previous year, the business earned $3.81 EPS. The company's quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that Domino's Pizza Inc will post 18.95 EPS for the current year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.7%. Domino's Pizza's payout ratio is presently 45.15%.

Insider Activity

In related news, EVP Kelly E. Garcia sold 12,430 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, the executive vice president owned 9,352 shares of the company's stock, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of Domino's Pizza stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares of the company's stock, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 23,767 shares of company stock valued at $7,737,107. 0.89% of the stock is currently owned by insiders.

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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