Domino's Pizza Inc $DPZ Shares Purchased by Andra AP fonden

Key Points

• Andra AP fonden increased its Domino’s Pizza stake by 904.5% in the second quarter, ending with 15,790 shares valued at approximately $4.67 million. Institutional investors and hedge funds collectively own 94.63% of DPZ.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but earnings of $4.07 per share fell short of the $4.17 analyst consensus. Analysts have a consensus “Hold” rating and an average price target of $394.35.
• Company insiders sold 23,767 shares worth roughly $7.74 million over the past 90 days, while Domino’s declared a quarterly dividend of $1.99 per share, equivalent to a 2.7% annualized yield.

Andra AP fonden boosted its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 904.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,790 shares of the restaurant operator's stock after purchasing an additional 14,218 shares during the period. Andra AP fonden's holdings in Domino's Pizza were worth $4,674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DPZ. Soroban Capital Partners LP acquired a new position in Domino's Pizza in the first quarter valued at approximately $895,251,000. BlackRock Inc. acquired a new position in Domino's Pizza in the 2nd quarter valued at about $715,704,000. Norges Bank purchased a new stake in Domino's Pizza during the 4th quarter worth approximately $285,116,000. Van ECK Associates Corp increased its position in shares of Domino's Pizza by 937,192.2% during the second quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator's stock worth $141,513,000 after acquiring an additional 477,968 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Domino's Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator's stock valued at $189,171,000 after purchasing an additional 375,709 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Domino's Pizza

In other news, 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 value of $3,589,505.50. Following the completion of the sale, the chief executive officer directly owned 43,829 shares of the company's stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm's stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 23,767 shares of company stock worth $7,737,107. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price objective on Domino's Pizza from $325.00 to $350.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 21st. BTIG Research reiterated a "buy" rating and issued a $425.00 price target on shares of Domino's Pizza in a research note on Tuesday, July 21st. Guggenheim lowered their price target on shares of Domino's Pizza from $440.00 to $325.00 and set a "neutral" rating for the company in a report on Wednesday. BMO Capital Markets dropped their price objective on shares of Domino's Pizza from $450.00 to $420.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 21st. Finally, Seaport Research Partners assumed coverage on shares of Domino's Pizza in a report on Wednesday, September 16th. They issued a "neutral" rating on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $394.35.

Domino's Pizza Stock Down 0.2%

Shares of Domino's Pizza stock opened at $296.43 on Thursday. Domino's Pizza Inc has a 52 week low of $282.00 and a 52 week high of $442.35. The firm's 50 day moving average is $335.44 and its two-hundred day moving average is $336.08. The firm has a market capitalization of $9.81 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.36 and a beta of 0.94.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.10). Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company had revenue of $1.19 billion during the quarter. During the same quarter last year, the business earned $3.81 earnings per share. Domino's Pizza's revenue was up 4.3% on a year-over-year basis. As a group, research analysts expect that Domino's Pizza Inc will post 18.95 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is currently 45.15%.

Domino's Pizza Profile

Domino's Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino's brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company's menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino's also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino's was initially known as Dominick's before adopting its current name in 1965.

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