Amundi Increases Stake in Domino's Pizza Inc $DPZ

Key Points

• Amundi's Increased Investment: Amundi increased its holdings in Domino's Pizza by 3.9%, acquiring an additional 2,426 shares to reach a total of 63,975 shares, valued at approximately $29.5 million.
• Analyst Ratings Updates: Analyst ratings for Domino's Pizza vary, with a current consensus of "Moderate Buy" and a target price averaging $490.78, reflecting mixed sentiment among investment analysts.
• Dividend Announcement: Domino's announced a quarterly dividend of $1.74 per share, with payments set for September 30, 2023, resulting in an annualized yield of 1.5%.

Amundi grew its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,975 shares of the restaurant operator's stock after purchasing an additional 2,426 shares during the quarter. Amundi owned approximately 0.19% of Domino's Pizza worth $29,533,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Praxis Investment Management Inc. acquired a new position in Domino's Pizza during the first quarter worth about $414,000. Sowell Financial Services LLC acquired a new position in Domino's Pizza during the first quarter worth about $282,000. Merit Financial Group LLC boosted its position in Domino's Pizza by 88.5% during the first quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock worth $731,000 after acquiring an additional 747 shares during the last quarter. GAMMA Investing LLC boosted its position in Domino's Pizza by 53,740.4% during the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after acquiring an additional 259,566 shares during the last quarter. Finally, Cornerstone Wealth Group LLC boosted its position in Domino's Pizza by 41.0% during the first quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock worth $9,381,000 after acquiring an additional 5,939 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DPZ shares. UBS Group restated a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Morgan Stanley boosted their price target on shares of Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Guggenheim boosted their price target on shares of Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Sanford C. Bernstein boosted their target price on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Finally, Loop Capital boosted their target price on shares of Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $490.78.

Insider Activity

In other news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director directly owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.83% of the company's stock.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded down $4.45 on Friday, reaching $452.18. The company had a trading volume of 115,116 shares, compared to its average volume of 638,521. The firm's 50 day moving average price is $459.43 and its two-hundred day moving average price is $463.93. The firm has a market cap of $15.35 billion, a PE ratio of 26.26, a PEG ratio of 2.47 and a beta of 1.09. Domino's Pizza Inc has a 52-week low of $397.12 and a 52-week high of $500.55.

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

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 of this dividend is Monday, September 15th. Domino's Pizza's payout ratio is 40.42%.

Domino's Pizza Company Profile

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.