Copeland Capital Management LLC Sells 8,079 Shares of Domino's Pizza Inc $DPZ

Key Points

• Copeland Capital Management LLC reduced its stake in Domino's Pizza Inc by 10.4%, selling 8,079 shares and now holding 69,609 shares valued at $31.37 million as of the latest SEC filing.
• Domino's Pizza reported $3.81 EPS for the last quarter, which missed analysts’ expectations of $3.93 EPS, while revenues rose by 4.3% year-over-year to $1.15 billion.
• The company announced a quarterly dividend of $1.74 per share, translating to an annualized yield of 1.6%, with a dividend payout ratio of 40.42%.

Copeland Capital Management LLC lowered its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 10.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,609 shares of the restaurant operator's stock after selling 8,079 shares during the period. Copeland Capital Management LLC owned 0.20% of Domino's Pizza worth $31,366,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DPZ. Alpine Bank Wealth Management bought a new position in shares of Domino's Pizza in the 1st quarter worth approximately $25,000. LRI Investments LLC bought a new position in shares of Domino's Pizza in the 1st quarter worth approximately $27,000. Zions Bancorporation National Association UT bought a new position in shares of Domino's Pizza in the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC bought a new position in shares of Domino's Pizza in the 2nd quarter worth approximately $29,000. Finally, SVB Wealth LLC bought a new position in shares of Domino's Pizza in the 1st quarter worth approximately $36,000. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Trading Up 0.7%

Shares of DPZ opened at $431.24 on Friday. The business's fifty day simple moving average is $449.38 and its two-hundred day simple moving average is $460.97. Domino's Pizza Inc has a 12 month low of $397.12 and a 12 month high of $500.55. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.35 and a beta of 1.12.

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

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is currently 40.42%.

Insider Buying and Selling

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DPZ. 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 report on Tuesday, July 22nd. Wells Fargo & Company increased their target price 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. Barclays increased their target price 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. Guggenheim raised their price objective on Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. Finally, Royal Bank Of Canada lowered Domino's Pizza from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $550.00 to $500.00 in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus target price of $490.04.

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.

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