Mediolanum International Funds Ltd Buys Shares of 569 Domino's Pizza Inc (NASDAQ:DPZ)

Mediolanum International Funds Ltd bought a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 569 shares of the restaurant operator's stock, valued at approximately $254,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Praxis Investment Management Inc. bought a new position in shares of Domino's Pizza in the first quarter worth approximately $414,000. Sowell Financial Services LLC bought a new position in shares of Domino's Pizza in the first quarter worth approximately $282,000. Merit Financial Group LLC boosted its position in shares of Domino's Pizza by 88.5% in the first 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 during the period. GAMMA Investing LLC boosted its position in shares of Domino's Pizza by 53,740.4% in the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after purchasing an additional 259,566 shares during the period. Finally, Cornerstone Wealth Group LLC boosted its position 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 worth $9,381,000 after purchasing an additional 5,939 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. TD Securities reiterated a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research report on Monday, April 28th. UBS Group reiterated a "buy" rating and issued a $540.00 price target on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Loop Capital upped their price target on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Stephens reiterated an "equal weight" rating and issued a $440.00 price target on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Domino's Pizza has a consensus rating of "Moderate Buy" and a consensus target price of $491.52.

Domino's Pizza Price Performance

NASDAQ:DPZ opened at $474.32 on Tuesday. The firm has a market capitalization of $16.10 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.66 and a beta of 1.09. Domino's Pizza Inc has a 1 year low of $396.06 and a 1 year high of $500.55. The business has a 50 day simple moving average of $464.72 and a 200-day simple moving average of $463.20.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. Domino's Pizza's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.03 earnings per share. As a group, analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.47%. Domino's Pizza's dividend payout ratio (DPR) is presently 40.42%.

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.

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