Hsbc Holdings PLC Raises Holdings in Domino's Pizza Inc $DPZ

Key Points

• Hsbc Holdings PLC has increased its stake in Domino's Pizza Inc by 29.6%, now owning 82,310 shares valued at approximately $37.67 million.
• Several institutional investors, including NewEdge Advisors LLC and Dimensional Fund Advisors LP, have also increased their holdings in Domino's Pizza, indicating strong institutional interest.
• Domino's recently announced a quarterly dividend of $1.74 per share, which represents an annualized yield of 1.5%.

Hsbc Holdings PLC grew its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 29.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,310 shares of the restaurant operator's stock after buying an additional 18,807 shares during the quarter. Hsbc Holdings PLC owned 0.24% of Domino's Pizza worth $37,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wood Tarver Financial Group LLC bought a new position in shares of Domino's Pizza during the 4th quarter valued at $25,000. Alpine Bank Wealth Management bought a new position in shares of Domino's Pizza during the 1st quarter valued at $25,000. LRI Investments LLC bought a new position in shares of Domino's Pizza during the 1st quarter valued at $27,000. Zions Bancorporation National Association UT bought a new position in shares of Domino's Pizza during the 1st quarter valued at $27,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of Domino's Pizza during the 4th quarter valued at $53,000. 94.63% of the stock is owned by institutional investors.

Insider Transactions at Domino's Pizza

In other Domino's Pizza 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 completion of the sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.83% of the company's stock.

Domino's Pizza Stock Up 0.2%

DPZ stock traded up $1.12 during trading on Wednesday, reaching $452.34. The company's stock had a trading volume of 558,303 shares, compared to its average volume of 649,342. Domino's Pizza Inc has a 1 year low of $396.06 and a 1 year high of $500.55. The company has a market capitalization of $15.36 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 2.53 and a beta of 1.09. The company's fifty day moving average is $457.83 and its 200-day moving average is $464.97.

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 (EPS) 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 during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company posted $4.03 EPS. The company's quarterly revenue was up 4.3% on a year-over-year basis. Analysts anticipate that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

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

Analysts Set New Price Targets

DPZ has been the topic of several research analyst reports. Citigroup increased their price target on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Barclays raised their target price on Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Wells Fargo & Company raised their target price on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 22nd. UBS Group reaffirmed a "buy" rating and issued a $540.00 target price on shares of Domino's Pizza in a report on Tuesday, July 22nd. Finally, Morgan Stanley raised their target price on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $490.78.

Domino's Pizza 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.