Hsbc Holdings PLC Purchases Shares of 70,968 Domino's Pizza Inc $DPZ

Key Points

• Hsbc Holdings PLC acquired 70,968 Domino’s Pizza shares during the second quarter, valued at about $21 million, giving it roughly 0.21% ownership. Institutional investors collectively own 94.63% of the company.
• Domino’s insiders sold 24,254 shares worth approximately $7.9 million over the past three months, including sales by the CEO and an executive vice president. Analysts have a consensus “Hold” rating with an average price target of $397.42.
• Shares opened at $332.05 after declining 3.6%; the company recently reported quarterly EPS of $4.07, below the $4.17 consensus, while revenue rose 4.3% year over year to $1.19 billion. Domino’s also announced a quarterly dividend of $1.99, equivalent to a 2.4% annualized yield.

Hsbc Holdings PLC purchased a new position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 70,968 shares of the restaurant operator's stock, valued at approximately $21,004,000. Hsbc Holdings PLC owned approximately 0.21% of Domino's Pizza as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EFG International AG purchased a new position in shares of Domino's Pizza during the second quarter valued at about $51,000. PDT Partners LLC bought a new stake in shares of Domino's Pizza in the second quarter worth about $13,723,000. Palisade Capital Management LP purchased a new stake in shares of Domino's Pizza in the second quarter worth about $14,741,000. Canada Pension Plan Investment Board purchased a new stake in shares of Domino's Pizza in the second quarter worth about $9,252,000. Finally, Legal & General Group Plc bought a new position in Domino's Pizza during the second quarter valued at approximately $40,955,000. Institutional investors own 94.63% of the company's stock.

Insider Activity at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of the firm's stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of Domino's Pizza stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the transaction, the chief executive officer directly owned 43,829 shares of the company's stock, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 24,254 shares of company stock worth $7,888,924. Corporate insiders own 0.89% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Domino's Pizza from $430.00 to $380.00 and set an "overweight" rating for the company in a report on Tuesday, June 23rd. Robert W. Baird reaffirmed a "neutral" rating and set a $350.00 price objective on shares of Domino's Pizza in a report on Monday. TD Cowen increased their target price on Domino's Pizza from $295.00 to $310.00 and gave the company a "hold" rating in a research report on Monday, July 20th. Loop Capital reissued a "hold" rating and issued a $353.00 target price on shares of Domino's Pizza in a report on Monday, August 10th. Finally, Oppenheimer reduced their price target on shares of Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $397.42.

Domino's Pizza Trading Down 3.6%

Shares of NASDAQ:DPZ opened at $332.05 on Friday. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.66 and a beta of 0.94. Domino's Pizza Inc has a 12 month low of $282.00 and a 12 month high of $469.00. The company has a 50-day moving average price of $327.85 and a 200 day moving average price of $345.61.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company had revenue of $1.19 billion for the quarter. During the same quarter in the prior year, the firm earned $3.81 earnings per share. Domino's Pizza's revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Domino's Pizza Inc will post 18.89 EPS for the current year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. Domino's Pizza's payout ratio is 45.15%.

Domino's Pizza Profile

Domino’s Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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