M&T Bank Corp Buys 27,021 Shares of Domino's Pizza Inc $DPZ

Key Points

• M&T Bank Corp increased its stake in Domino's by 687.2% in Q4, buying an additional 27,021 shares to hold 30,953 shares (~0.09% of the company) valued at about $12.9 million.
• Domino's reported Q results with EPS of $5.35 (missing estimates by $0.03) and revenue of $1.54 billion, up 6.4% year-over-year, and the company raised its quarterly dividend to $1.99 (annualized $7.96, a 2.1% yield).
• Institutional ownership is high at 94.63%, led by large holders such as Berkshire Hathaway (≈2.98 million shares, ~$1.29 billion), while analysts' consensus is a "Hold" with an average target price of $465.74.

M&T Bank Corp increased its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 687.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,953 shares of the restaurant operator's stock after purchasing an additional 27,021 shares during the period. M&T Bank Corp owned approximately 0.09% of Domino's Pizza worth $12,902,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DPZ. Berkshire Hathaway Inc increased its position in shares of Domino's Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator's stock worth $1,287,335,000 after purchasing an additional 348,077 shares during the last quarter. Two Sigma Investments LP increased its stake in Domino's Pizza by 2,845.4% in the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator's stock valued at $113,982,000 after acquiring an additional 255,060 shares during the last quarter. Woodline Partners LP increased its stake in Domino's Pizza by 8,229.8% in the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator's stock valued at $104,609,000 after acquiring an additional 239,405 shares during the last quarter. Marshall Wace LLP bought a new position in Domino's Pizza in the third quarter valued at $80,549,000. Finally, Champlain Investment Partners LLC increased its stake in Domino's Pizza by 93.2% in the third quarter. Champlain Investment Partners LLC now owns 302,537 shares of the restaurant operator's stock valued at $130,608,000 after acquiring an additional 145,919 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Trading Up 1.8%

Shares of NASDAQ:DPZ opened at $372.39 on Friday. The stock's 50-day moving average price is $380.92 and its 200-day moving average price is $401.44. Domino's Pizza Inc has a 12-month low of $346.31 and a 12-month high of $499.08. The stock has a market capitalization of $12.52 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.60 and a beta of 1.18.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.38 by ($0.03). Domino's Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The company had revenue of $1.54 billion for the quarter. During the same quarter in the prior year, the business earned $4.89 earnings per share. The company's revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict that Domino's Pizza Inc will post 19.76 EPS for the current year.

Domino's Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were paid a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Domino's Pizza's previous quarterly dividend of $1.74. The ex-dividend date of this dividend was Friday, March 13th. Domino's Pizza's payout ratio is 45.30%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised Domino's Pizza from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $460.00 to $450.00 in a research note on Tuesday, February 24th. Argus raised Domino's Pizza to a "hold" rating in a research note on Monday, March 9th. TD Cowen reduced their target price on Domino's Pizza from $450.00 to $400.00 and set a "hold" rating on the stock in a research note on Tuesday, April 14th. Morgan Stanley reduced their price target on shares of Domino's Pizza from $455.00 to $430.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Domino's Pizza in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $465.74.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.