Mitsubishi UFJ Asset Management Co. Ltd. Invests $21.69 Million in Domino's Pizza Inc $DPZ

Key Points

• Mitsubishi UFJ Asset Management bought 73,262 Domino’s Pizza shares worth approximately $21.69 million, representing about 0.22% of the company. Institutional investors and hedge funds collectively own 94.63% of DPZ.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $397.42, although several firms recently lowered their targets. DPZ opened at $334.37 and remains below its 12-month high of $469.
• Domino’s reported quarterly revenue growth of 4.3% but missed earnings estimates, posting EPS of $4.07 versus $4.17 expected. The company also declared a quarterly dividend of $1.99 per share, implying a 2.4% annual yield.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 73,262 shares of the restaurant operator's stock, valued at approximately $21,688,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.22% of Domino's Pizza as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. SHP Wealth Management purchased a new stake in Domino's Pizza in the 4th quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Domino's Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator's stock worth $29,000 after buying an additional 34 shares in the last quarter. Investors Research Corp lifted its holdings in shares of Domino's Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator's stock valued at $30,000 after buying an additional 99 shares during the period. MBM Wealth Consultants LLC acquired a new stake in shares of Domino's Pizza in the 1st quarter valued at approximately $31,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Domino's Pizza by 450.0% in the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator's stock valued at $33,000 after buying an additional 81 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Domino's Pizza news, CEO Russell J. Weiner sold 10,850 shares of the firm's 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 completion of the transaction, the chief executive officer owned 43,829 shares of the company's stock, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the business'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 transaction, the executive vice president directly owned 9,352 shares of the company's stock, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 24,254 shares of company stock worth $7,888,924. 0.89% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on DPZ. JPMorgan Chase & Co. cut their price objective on Domino's Pizza from $430.00 to $380.00 and set an "overweight" rating for the company in a research report on Tuesday, June 23rd. Northcoast Research decreased their target price on shares of Domino's Pizza from $525.00 to $445.00 and set a "buy" rating on the stock in a research report on Tuesday, April 28th. Morgan Stanley lowered their price target on shares of Domino's Pizza from $395.00 to $370.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 15th. HSBC cut their price target on shares of Domino's Pizza from $601.00 to $544.00 and set a "buy" rating for the company in a report on Tuesday, April 28th. Finally, Robert W. Baird reduced their price objective on shares of Domino's Pizza from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, June 23rd. Seventeen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.42.

Domino's Pizza Trading Down 0.6%

NASDAQ:DPZ opened at $334.37 on Friday. The company has a market capitalization of $11.06 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.62 and a beta of 0.94. The firm has a 50-day moving average price of $325.26 and a two-hundred day moving average price of $347.60. Domino's Pizza Inc has a twelve month low of $282.00 and a twelve month high of $469.00.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS 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 business had revenue of $1.19 billion during the quarter. During the same quarter in the previous year, the company earned $3.81 EPS. Domino's Pizza's revenue was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Domino's Pizza Inc will post 18.88 earnings per share 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. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Domino's Pizza's dividend payout ratio is 45.15%.

Domino's Pizza Company 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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