Domino's Pizza Inc $DPZ Stock Sold by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management reduced its Domino’s Pizza position by 8.4% in the third quarter, selling 6,946 shares and retaining 75,259 shares worth approximately $22.5 million.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but earnings per share of $4.07 fell short of the $4.17 consensus estimate. The company also paid a quarterly dividend of $1.99, representing a 2.7% annualized yield.
• DPZ traded near $297.60, well below its 12-month high of $442.35, while analysts’ overall rating remained “Hold” with an average price target of $392.58. Institutional investors own 94.63% of the shares, and company insiders sold approximately $7.7 million in stock during the latest quarter.

Ferguson Wellman Capital Management Inc. lessened its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 8.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,259 shares of the restaurant operator's stock after selling 6,946 shares during the period. Ferguson Wellman Capital Management Inc. owned about 0.23% of Domino's Pizza worth $22,548,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DPZ. Berkshire Hathaway Inc increased its holdings in Domino's Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator's stock valued at $1,396,347,000 after buying an additional 368,055 shares during the last quarter. Soroban Capital Partners LP acquired a new position in shares of Domino's Pizza during the 1st quarter worth about $895,251,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Domino's Pizza by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator's stock worth $837,091,000 after acquiring an additional 7,497 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Domino's Pizza in the 2nd quarter valued at about $715,704,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Domino's Pizza by 247.9% in the 1st 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. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Stock Performance

NASDAQ:DPZ traded down $0.01 during mid-day trading on Monday, reaching $297.60. The stock had a trading volume of 234,055 shares, compared to its average volume of 908,271. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.37 and a beta of 0.94. Domino's Pizza Inc has a twelve month low of $282.00 and a twelve month high of $442.35. The business has a 50 day simple moving average of $331.21 and a 200 day simple moving average of $330.89.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.81 EPS. As a group, sell-side analysts expect that Domino's Pizza Inc will post 18.95 earnings per share for the current year.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $1.99 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.7%. Domino's Pizza's dividend payout ratio is presently 45.15%.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 12,430 shares of the company's stock in a transaction 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the transaction, the chief executive officer owned 43,829 shares of the company's stock, valued at $14,499,948.07. This represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,767 shares of company stock valued at $7,737,107 in the last quarter. 0.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DPZ has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a "neutral" rating and issued a $350.00 price target on shares of Domino's Pizza in a report on Monday, August 24th. Loop Capital reissued a "hold" rating and set a $353.00 price objective on shares of Domino's Pizza in a report on Monday, August 10th. Evercore reaffirmed an "outperform" rating on shares of Domino's Pizza in a research report on Thursday, July 9th. BTIG Research reissued a "buy" rating and set a $425.00 price objective on shares of Domino's Pizza in a research report on Tuesday, July 21st. Finally, Seaport Research Partners assumed coverage on shares of Domino's Pizza in a research note on Wednesday, September 16th. They issued a "neutral" rating on the stock. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $392.58.

Domino's Pizza Profile

Domino's Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino's began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino's serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.

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