Federated Hermes Inc. Purchases 6,916 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Federated Hermes Inc. increased its stake in Domino's Pizza by 11.2%, owning 68,810 shares worth approximately $31.6 million.
• Domino's reported quarterly earnings of $3.81 per share, missing estimates by $0.12, while revenue was $1.15 billion, slightly exceeding expectations.
• The company will pay a quarterly dividend of $1.74 per share on September 30th, representing an annualized yield of 1.46%.

Federated Hermes Inc. boosted its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,810 shares of the restaurant operator's stock after acquiring an additional 6,916 shares during the quarter. Federated Hermes Inc. owned 0.20% of Domino's Pizza worth $31,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its position in Domino's Pizza by 20.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 3,166 shares of the restaurant operator's stock valued at $1,329,000 after buying an additional 547 shares during the period. DnB Asset Management AS boosted its holdings in shares of Domino's Pizza by 11.7% during the fourth quarter. DnB Asset Management AS now owns 6,321 shares of the restaurant operator's stock worth $2,653,000 after purchasing an additional 663 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Domino's Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 61 shares during the period. Allstate Corp purchased a new stake in shares of Domino's Pizza during the fourth quarter worth about $427,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Domino's Pizza by 38.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 130,522 shares of the restaurant operator's stock worth $54,788,000 after purchasing an additional 36,161 shares during the period. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Up 0.6%

Shares of DPZ stock traded up $2.96 during trading hours on Friday, hitting $466.17. 511,461 shares of the company's stock traded hands, compared to its average volume of 737,955. The stock's fifty day simple moving average is $463.49 and its two-hundred day simple moving average is $464.04. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.56 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the firm earned $4.03 earnings per share. Domino's Pizza's revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.5%. Domino's Pizza's payout ratio is presently 40.42%.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of analyst reports. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. BTIG Research set a $530.00 target price on shares of Domino's Pizza and gave the stock a "buy" rating in a report on Monday, April 28th. TD Securities reiterated a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a report on Monday, April 28th. Loop Capital increased their target price on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Citigroup increased their target price on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $489.67.

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.