Canada Pension Plan Investment Board Makes New $18.70 Million Investment in Domino's Pizza Inc $DPZ

Key Points

• The Canada Pension Plan Investment Board has acquired 40,700 shares of Domino's Pizza Inc, valued at approximately $18.7 million, increasing its ownership to 0.12%.
• Domino's reported a quarterly earnings per share of $3.81, falling short of estimates by $0.12, with revenue slightly surpassing expectations at $1.15 billion.
• A quarterly dividend of $1.74 per share will be distributed to shareholders, reflecting an annualized dividend of $6.96 with a yield of 1.5%.

Canada Pension Plan Investment Board purchased a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 40,700 shares of the restaurant operator's stock, valued at approximately $18,700,000. Canada Pension Plan Investment Board owned approximately 0.12% of Domino's Pizza as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DPZ. Mercer Global Advisors Inc. ADV grew its stake in shares of Domino's Pizza by 53.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,648 shares of the restaurant operator's stock valued at $1,112,000 after buying an additional 917 shares in the last quarter. BNP Paribas bought a new stake in Domino's Pizza during the fourth quarter worth approximately $1,206,000. Benjamin Edwards Inc. boosted its position in Domino's Pizza by 21.3% during the fourth quarter. Benjamin Edwards Inc. now owns 3,255 shares of the restaurant operator's stock worth $1,366,000 after purchasing an additional 571 shares during the period. Baird Financial Group Inc. boosted its position in Domino's Pizza by 289.3% during the fourth quarter. Baird Financial Group Inc. now owns 12,138 shares of the restaurant operator's stock worth $5,095,000 after purchasing an additional 9,020 shares during the period. Finally, Cary Street Partners Financial LLC bought a new stake in Domino's Pizza during the fourth quarter worth approximately $53,000. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Up 0.3%

Shares of DPZ stock traded up $1.23 during trading hours on Friday, reaching $463.83. 329,250 shares of the company's stock were exchanged, compared to its average volume of 588,679. The business has a fifty day moving average price of $459.15 and a 200-day moving average price of $464.08. The stock has a market capitalization of $15.75 billion, a P/E ratio of 26.94, a P/E/G ratio of 2.54 and a beta of 1.09. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.03 earnings per share. As a group, research analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio is presently 40.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Loop Capital upped their target price on Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. UBS Group reaffirmed a "buy" rating and set a $540.00 target price on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Barclays upped their target price on Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Benchmark upped their target price on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Guggenheim upped their target price on Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus price target of $490.78.

Insider Activity at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the transaction, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.83% of the company's stock.

About Domino's Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.