Canada Pension Plan Investment Board Makes New $9.25 Million Investment in Domino's Pizza Inc $DPZ

Key Points

• Canada Pension Plan Investment Board acquired 31,253 Domino’s Pizza shares worth approximately $9.25 million, representing a 0.09% stake. Institutional investors collectively own 94.63% of the company.
• Domino’s reported quarterly EPS of $4.07, missing the $4.17 consensus estimate, while revenue increased 4.3% year over year to $1.19 billion.
• Analysts maintain an overall “Hold” rating, with an average price target of $397.42; the company also declared a quarterly dividend of $1.99, or $7.96 annualized, yielding about 2.3%.

Canada Pension Plan Investment Board bought a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,253 shares of the restaurant operator's stock, valued at approximately $9,252,000. Canada Pension Plan Investment Board owned 0.09% of Domino's Pizza as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Soroban Capital Partners LP purchased a new stake in Domino's Pizza in the 1st quarter valued at about $895,251,000. BlackRock Inc. acquired a new position in Domino's Pizza in the second quarter valued at about $715,704,000. Northwestern Mutual Wealth Management Co. boosted its stake in Domino's Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator's stock worth $381,254,000 after buying an additional 910,529 shares during the period. Norges Bank purchased a new position in Domino's Pizza during the fourth quarter worth about $285,116,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Domino's Pizza by 247.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator's stock valued at $189,171,000 after acquiring an additional 375,709 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Activity at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president directly owned 9,352 shares of the company's stock, valued at $3,011,718.08. This represents a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 24,254 shares of company stock worth $7,888,924. 0.89% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of research analyst reports. KeyCorp reissued a "sector weight" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Morgan Stanley lowered their price objective on shares of Domino's Pizza from $395.00 to $370.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 15th. Rothschild & Co Redburn dropped their target price on shares of Domino's Pizza from $340.00 to $290.00 in a report on Monday, May 11th. TD Cowen lifted their target price on shares of Domino's Pizza from $295.00 to $310.00 and gave the company a "hold" rating in a report on Monday, July 20th. Finally, Benchmark reissued a "buy" rating on shares of Domino's Pizza in a research report on Tuesday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Domino's Pizza has an average rating of "Hold" and an average price target of $397.42.

Domino's Pizza Price Performance

NASDAQ DPZ opened at $350.00 on Friday. The company has a market cap of $11.58 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.69 and a beta of 0.94. The stock has a 50-day moving average of $328.60 and a two-hundred day moving average of $345.64. Domino's Pizza Inc has a 1-year low of $282.00 and a 1-year high of $469.00.

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 (EPS) for the quarter, missing analysts' consensus estimates of $4.17 by ($0.10). The business had revenue of $1.19 billion for the quarter. Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.Domino's Pizza's revenue for the quarter 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, analysts anticipate that Domino's Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. Domino's Pizza's payout ratio is 45.15%.

Domino's Pizza Profile

Domino’s Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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