Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 3,500 Shares of Domino's Pizza Inc $DPZ

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Domino's Pizza Inc by 45.3% during the first quarter, owning 11,221 shares valued at approximately $5.16 million by the end of the period.
• Domino's Pizza reported quarterly earnings of $3.81 per share, missing analyst expectations of $3.93, but its revenue increased by 4.3% year-over-year to $1.15 billion.
• The company declared a quarterly dividend of $1.74 per share, with an annualized yield of 1.5% and a payout ratio of 40.42%, to be paid on September 30th.

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 45.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,221 shares of the restaurant operator's stock after buying an additional 3,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Domino's Pizza were worth $5,155,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DPZ. Praxis Investment Management Inc. purchased a new position in shares of Domino's Pizza in the first quarter worth approximately $414,000. Sowell Financial Services LLC purchased a new position in Domino's Pizza during the 1st quarter worth approximately $282,000. Merit Financial Group LLC grew its position in Domino's Pizza by 88.5% during the 1st quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock worth $731,000 after purchasing an additional 747 shares in the last quarter. GAMMA Investing LLC raised its stake in Domino's Pizza by 53,740.4% during the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after purchasing an additional 259,566 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its holdings in shares of Domino's Pizza by 41.0% in the first quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock valued at $9,381,000 after purchasing an additional 5,939 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DPZ has been the topic of several recent analyst reports. Redburn Atlantic started coverage on Domino's Pizza in a research report on Tuesday, June 10th. They set a "sell" rating and a $340.00 price target on the stock. Guggenheim reaffirmed a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Wells Fargo & Company upped their price objective on shares of Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Benchmark upped their price objective on shares of Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Sanford C. Bernstein lifted their target price on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $489.67.

Domino's Pizza Price Performance

Shares of DPZ stock traded up $5.71 on Tuesday, hitting $450.56. The company's stock had a trading volume of 686,531 shares, compared to its average volume of 645,885. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55. The firm's fifty day moving average price is $458.15 and its 200-day moving average price is $465.50. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 2.47 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $4.03 EPS. The business's revenue was up 4.3% on a year-over-year basis. Analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

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

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.