5,341 Domino's Pizza Inc $DPZ Shares Purchased by Kennon Green & Company LLC

Key Points

• Kennon Green & Company LLC more than doubled its Domino’s Pizza stake in the third quarter, purchasing 5,341 shares to reach 9,860 shares valued at approximately $2.95 million.
• Institutional investors own 94.63% of Domino’s, while the stock recently traded at $297.27—near its one-year low of $282—and has declined from its 52-week high of $442.35.
• Domino’s reported quarterly revenue growth of 4.3% but missed earnings expectations, posting $4.07 per share versus the $4.17 consensus estimate. Analysts maintain a consensus “Hold” rating with an average price target of $392.58, and the company pays a $1.99 quarterly dividend.

Kennon Green & Company LLC raised its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 118.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,860 shares of the restaurant operator's stock after purchasing an additional 5,341 shares during the quarter. Domino's Pizza accounts for approximately 2.4% of Kennon Green & Company LLC's investment portfolio, making the stock its 17th biggest position. Kennon Green & Company LLC's holdings in Domino's Pizza were worth $2,954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Soroban Capital Partners LP bought a new position in Domino's Pizza in the first quarter valued at about $895,251,000. BlackRock Inc. acquired a new position in Domino's Pizza during the 2nd quarter worth approximately $715,704,000. Van ECK Associates Corp lifted its stake in Domino's Pizza by 937,192.2% in the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator's stock valued at $141,513,000 after purchasing an additional 477,968 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Domino's Pizza by 247.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator's stock valued at $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Finally, Berkshire Hathaway Inc boosted 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 valued at $1,396,347,000 after buying an additional 368,055 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Trading Down 0.1%

NASDAQ:DPZ traded down $0.34 during trading hours on Monday, hitting $297.27. 597,276 shares of the company were exchanged, compared to its average volume of 910,285. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Domino's Pizza Inc has a one year low of $282.00 and a one year high of $442.35. The company has a fifty day simple moving average of $331.21 and a 200 day simple moving average of $330.89.

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 for the quarter, missing the consensus estimate 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 company had revenue of $1.19 billion during the quarter. During the same period last year, the firm posted $3.81 earnings per share. The company's revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts predict that Domino's Pizza Inc will post 18.95 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Guggenheim dropped their target price on Domino's Pizza from $440.00 to $325.00 and set a "neutral" rating for the company in a research report on Wednesday, September 23rd. Seaport Research Partners started coverage on Domino's Pizza in a research note on Wednesday, September 16th. They set a "neutral" rating on the stock. Benchmark restated a "buy" rating on shares of Domino's Pizza in a report on Tuesday, July 21st. Finally, UBS Group reaffirmed a "buy" rating on shares of Domino's Pizza in a research note on Monday. Sixteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Domino's Pizza presently has an average rating of "Hold" and a consensus target price of $392.58.

Insider Buying and Selling

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

Domino's Pizza Company 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.

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