Amundi Has $15.08 Million Holdings in Domino's Pizza Inc $DPZ

Key Points

• Amundi cut its Domino’s Pizza stake by 60.5% in the second quarter, selling 77,999 shares and retaining 50,936 shares worth approximately $15.08 million. Institutional investors collectively own 94.63% of DPZ.
• Analysts have reduced several price targets, with Domino’s holding a consensus “Hold” rating and an average target of $398.06. The stock opened at $311.60, well below its 12-month high of $458.27.
• Domino’s reported quarterly EPS of $4.07, missing estimates of $4.17, while revenue rose 4.3% year over year to $1.19 billion. The company declared a quarterly dividend of $1.99 per share, representing a 2.6% annualized yield.

Amundi lessened its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 60.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,936 shares of the restaurant operator's stock after selling 77,999 shares during the quarter. Amundi owned approximately 0.15% of Domino's Pizza worth $15,079,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Andina Capital Management LLC lifted its holdings in Domino's Pizza by 3.1% during the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator's stock worth $457,000 after acquiring an additional 33 shares during the period. Diversify Advisory Services LLC boosted its holdings in shares of Domino's Pizza by 5.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator's stock worth $275,000 after buying an additional 33 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Domino's Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator's stock valued at $29,000 after buying an additional 34 shares during the period. Unified Investment Management grew its position in Domino's Pizza by 5.5% during the fourth quarter. Unified Investment Management now owns 745 shares of the restaurant operator's stock valued at $311,000 after buying an additional 39 shares during the period. Finally, Principal Securities Inc. grew its position in shares of Domino's Pizza by 4.2% during the 4th quarter. Principal Securities Inc. now owns 1,078 shares of the restaurant operator's stock valued at $449,000 after acquiring an additional 43 shares during the period. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analysts Set New Price Targets

DPZ has been the subject of several recent research reports. Sanford C. Bernstein reiterated a "market perform" rating on shares of Domino's Pizza in a research report on Tuesday, July 21st. Oppenheimer cut their target price on Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating for the company in a research note on Tuesday, July 21st. 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. Loop Capital reaffirmed a "hold" rating and set a $353.00 target price on shares of Domino's Pizza in a report on Monday, August 10th. Finally, Citigroup decreased their price target on Domino's Pizza from $365.00 to $335.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 7th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $398.06.

Domino's Pizza Trading Down 1.8%

DPZ opened at $311.60 on Friday. The stock has a 50-day moving average price of $336.15 and a 200-day moving average price of $342.28. Domino's Pizza Inc has a 12-month low of $282.00 and a 12-month high of $458.27. The stock has a market capitalization of $10.31 billion, a P/E ratio of 17.67, a PEG ratio of 1.46 and a beta of 0.94.

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

Domino's Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is presently 45.15%.

Insider Buying and Selling

In related news, EVP Kelly Garcia sold 12,430 shares of the stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell Weiner sold 10,850 shares of Domino's Pizza stock in a transaction on 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 transaction, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. The trade was a 19.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,767 shares of company stock worth $7,737,107 over the last quarter. Company insiders own 0.89% of the company's stock.

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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