Domino's Pizza Inc $DPZ Position Lowered by Swedbank AB

Key Points

• Swedbank AB reduced its stake in Domino's Pizza by 46.3%, owning 3,244 shares after selling 2,800 shares, valued at approximately $1.49 million at the latest reporting period.
• Domino's recently announced a quarterly dividend of $1.74 per share, resulting in an annualized yield of 1.6%, with a payout ratio of 40.42%.
• The company reported $3.81 earnings per share for the last quarter, missing analysts' expectations, but had a revenue increase of 4.3% compared to the previous year's quarter.

Swedbank AB lessened its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 46.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,244 shares of the restaurant operator's stock after selling 2,800 shares during the quarter. Swedbank AB's holdings in Domino's Pizza were worth $1,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in shares of Domino's Pizza in the first quarter valued at $25,000. LRI Investments LLC purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at about $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at about $27,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino's Pizza in the 4th quarter valued at about $25,000. Finally, SVB Wealth LLC purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Buying and Selling at Domino's Pizza

In related 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 value of $451,490.00. Following the transaction, the director directly owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.83% of the company's stock.

Analysts Set New Price Targets

DPZ has been the subject of several research reports. Sanford C. Bernstein boosted their target price on Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Melius began coverage on Domino's Pizza in a research report on Monday, July 14th. They issued a "hold" rating and a $500.00 price target on the stock. Guggenheim boosted their price target 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. Royal Bank Of Canada cut Domino's Pizza from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $550.00 to $500.00 in a research report on Tuesday, July 29th. Finally, Redburn Atlantic began coverage on Domino's Pizza in a research report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $490.78.

Domino's Pizza Stock Down 0.3%

Shares of DPZ traded down $1.37 on Friday, reaching $428.71. The stock had a trading volume of 1,485,730 shares, compared to its average volume of 552,698. The firm has a market capitalization of $14.55 billion, a PE ratio of 24.90, a PEG ratio of 2.36 and a beta of 1.09. The firm has a 50-day moving average of $456.93 and a 200 day moving average of $462.23. Domino's Pizza Inc has a twelve month low of $397.12 and a twelve month high of $500.55.

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

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is 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.