Copeland Capital Management LLC lessened its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,378 shares of the restaurant operator's stock after selling 4,130 shares during the quarter. Copeland Capital Management LLC owned about 0.18% of Domino's Pizza worth $26,001,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Johnson Financial Group Inc. increased its holdings in Domino's Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Domino's Pizza in the second quarter worth about $46,000. Smartleaf Asset Management LLC increased its holdings in shares of Domino's Pizza by 64.2% in the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 43 shares in the last quarter. Activest Wealth Management increased its holdings in shares of Domino's Pizza by 411.5% in the third quarter. Activest Wealth Management now owns 133 shares of the restaurant operator's stock worth $58,000 after acquiring an additional 107 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of Domino's Pizza by 85.5% in the third quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 94.63% of the company's stock.
Domino's Pizza Price Performance
DPZ stock opened at $372.39 on Friday. The stock has a market capitalization of $12.52 billion, a P/E ratio of 21.19, a P/E/G ratio of 1.60 and a beta of 1.18. The business has a 50-day moving average of $380.92 and a 200-day moving average of $401.44. Domino's Pizza Inc has a fifty-two week low of $346.31 and a fifty-two week high of $499.08.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). The firm had revenue of $1.54 billion for the quarter. Domino's Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.Domino's Pizza's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $4.89 earnings per share. Equities analysts expect that Domino's Pizza Inc will post 19.76 EPS for the current year.
Domino's Pizza Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were given a dividend of $1.99 per share. This is an increase from Domino's Pizza's previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, March 13th. Domino's Pizza's payout ratio is currently 45.30%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Weiss Ratings restated a "hold (c)" rating on shares of Domino's Pizza in a report on Friday, March 27th. TD Cowen lowered their price target on Domino's Pizza from $450.00 to $400.00 and set a "hold" rating for the company in a report on Tuesday, April 14th. Argus upgraded Domino's Pizza to a "hold" rating in a report on Monday, March 9th. Barclays upgraded Domino's Pizza from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 31st. Finally, UBS Group lowered their price target on Domino's Pizza from $500.00 to $480.00 and set a "buy" rating for the company in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $465.74.
Get Our Latest Report on DPZ
Domino's Pizza Profile
(
Free Report)
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.
See Also
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