Man Group plc Takes $3.84 Million Position in Domino's Pizza Inc $DPZ

Key Points

• Man Group acquired 12,963 Domino’s Pizza shares worth approximately $3.84 million in the second quarter. Institutional investors collectively own 94.63% of DPZ.
• Domino’s insiders sold 24,254 shares worth nearly $7.9 million over the past three months, including significant sales by the CEO and an executive vice president.
• Analysts have a consensus “Hold” rating with an average price target of $397.42. The company reported quarterly revenue growth of 4.3% but missed earnings expectations, while declaring a $1.99 quarterly dividend.

Man Group plc bought a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,963 shares of the restaurant operator's stock, valued at approximately $3,838,000.

Other hedge funds have also recently modified their holdings of the company. Jupiter Topco LLC purchased a new position in Domino's Pizza in the 2nd quarter valued at about $1,106,000. Hsbc Holdings PLC acquired a new position in shares of Domino's Pizza during the second quarter valued at approximately $21,004,000. EFG International AG acquired a new position in shares of Domino's Pizza during the second quarter valued at approximately $51,000. PDT Partners LLC purchased a new position in shares of Domino's Pizza in the second quarter valued at approximately $13,723,000. Finally, Palisade Capital Management LP purchased a new position in shares of Domino's Pizza in the second quarter valued at approximately $14,741,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Activity at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 12,430 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the firm's stock in a transaction that occurred 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 sale, 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. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 24,254 shares of company stock valued at $7,888,924. Corporate insiders own 0.89% of the company's stock.

Analysts Set New Price Targets

DPZ has been the subject of several research reports. Sanford C. Bernstein reiterated a "market perform" rating on shares of Domino's Pizza in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Domino's Pizza from $435.00 to $385.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Morgan Stanley dropped their target price on shares of Domino's Pizza from $395.00 to $370.00 and set an "equal weight" rating for the company in a report on Wednesday, July 15th. Oppenheimer reduced their target price on shares of Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Finally, Robert W. Baird reissued a "neutral" rating and issued a $350.00 price target on shares of Domino's Pizza in a research note on Monday, August 24th. Sixteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Domino's Pizza has a consensus rating of "Hold" and an average price target of $397.42.

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ opened at $350.00 on Monday. Domino's Pizza Inc has a 52-week low of $282.00 and a 52-week high of $469.00. The stock has a market cap of $11.58 billion, a P/E ratio of 19.85, a PEG ratio of 1.69 and a beta of 0.94. The business has a fifty day moving average of $328.60 and a two-hundred day moving average of $345.31.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results 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 net margin of 11.86% and a negative return on equity of 15.15%. The firm had revenue of $1.19 billion for the quarter. During the same quarter last year, the firm posted $3.81 earnings per share. The company's revenue was up 4.3% on a year-over-year basis. On average, equities analysts anticipate that Domino's Pizza Inc will post 18.89 earnings per share for the current year.

Domino's Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. Domino's Pizza's dividend 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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