Banque Pictet & Cie SA Acquires New Holdings in Domino's Pizza Inc $DPZ

Key Points

• Banque Pictet & Cie SA has acquired a new stake in Domino's Pizza Inc, purchasing 7,258 shares valued at approximately $3.27 million.
• Domino's Pizza announced a $1.74 quarterly dividend with an annualized yield of 1.6%, payable on September 30th to investors of record on September 15th.
• Recent analyst reports have increased target prices for Domino's Pizza, with Guggenheim setting a new target of $490 and Benchmark raising it to $540.

Banque Pictet & Cie SA acquired a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,258 shares of the restaurant operator's stock, valued at approximately $3,270,000.

A number of other large investors have also bought and sold shares of DPZ. Vident Advisory LLC bought a new stake in Domino's Pizza during the 4th quarter worth approximately $237,000. Mackenzie Financial Corp increased its stake in Domino's Pizza by 33.0% during the 4th quarter. Mackenzie Financial Corp now owns 3,816 shares of the restaurant operator's stock worth $1,602,000 after purchasing an additional 946 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Domino's Pizza during the 4th quarter worth approximately $14,338,000. Wealth Enhancement Advisory Services LLC increased its stake in Domino's Pizza by 123.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,829 shares of the restaurant operator's stock worth $4,126,000 after purchasing an additional 5,422 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Domino's Pizza by 4.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,811 shares of the restaurant operator's stock worth $832,000 after purchasing an additional 70 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company's stock.

Domino's Pizza Stock Up 3.1%

Shares of DPZ opened at $435.75 on Friday. The stock has a market capitalization of $14.79 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.32 and a beta of 1.09. Domino's Pizza Inc has a twelve month low of $397.12 and a twelve month high of $500.55. The company has a 50 day moving average of $452.82 and a 200-day moving average of $461.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business earned $4.03 earnings per share. Domino's Pizza's revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. Domino's Pizza's dividend payout ratio (DPR) is currently 40.42%.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of research reports. Guggenheim increased their target price on Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Benchmark increased their target price on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Loop Capital increased their target price on Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. UBS Group reissued a "buy" rating and set a $540.00 target price on shares of Domino's Pizza in a research note on Tuesday, July 22nd. Finally, Melius began coverage on shares of Domino's Pizza in a research note on Monday, July 14th. They set a "hold" rating and a $500.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $490.78.

Domino's Pizza 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.

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino's Pizza Inc (NASDAQ:DPZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.