Domino's Pizza Inc $DPZ Shares Acquired by Cadence Bank

Key Points

• Cadence Bank increased its stake in Domino's Pizza Inc by 5.1%, acquiring 587 additional shares, bringing its total holdings to 12,038 shares worth approximately $5.53 million.
• Notable institutional investment activity includes Berkshire Hathaway increasing its stake by 86.5%, and GAMMA Investing LLC boosting its position by over 53,740% in the recent quarter.
• Domino's Pizza recently declared a quarterly dividend of $1.74 per share, translating to an annualized dividend yield of 1.5% and a payout ratio of 40.42%.

Cadence Bank raised its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,038 shares of the restaurant operator's stock after purchasing an additional 587 shares during the quarter. Cadence Bank's holdings in Domino's Pizza were worth $5,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. HighPoint Advisor Group LLC lifted its position in shares of Domino's Pizza by 3.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock valued at $332,000 after acquiring an additional 21 shares during the period. AGP Franklin LLC boosted its stake in shares of Domino's Pizza by 0.4% during the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock worth $2,403,000 after acquiring an additional 21 shares in the last quarter. Compound Planning Inc. boosted its stake in shares of Domino's Pizza by 4.1% during the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator's stock worth $258,000 after acquiring an additional 22 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Domino's Pizza by 16.0% during the 1st quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock worth $85,000 after acquiring an additional 24 shares in the last quarter. Finally, Lodestone Wealth Management LLC boosted its stake in shares of Domino's Pizza by 4.4% during the 1st quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock worth $270,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the firm'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 owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DPZ. Morgan Stanley boosted their price target on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Royal Bank Of Canada downgraded Domino's Pizza from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Citigroup lifted their price objective on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Barclays lifted their price objective 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. Finally, Wells Fargo & Company lifted their price objective on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $490.78.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded up $1.33 during trading on Wednesday, reaching $452.55. The company had a trading volume of 855,601 shares, compared to its average volume of 651,252. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 2.53 and a beta of 1.09. The firm's fifty day moving average is $457.83 and its 200-day moving average is $464.97. 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 released its quarterly earnings data 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). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.Domino's Pizza's revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.03 EPS. On average, research analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

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

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.