National Pension Service Sells 4,009 Shares of Domino's Pizza Inc $DPZ

Key Points

• National Pension Service cut its Domino’s Pizza stake by 76.9% in the second quarter, selling 4,009 shares and retaining 1,202 shares valued at approximately $356,000.
• Institutional investors own 94.63% of Domino’s shares, with several major firms—including California State Teachers Retirement System, Soroban Capital Partners, BlackRock and Norges Bank—holding or adding substantial positions.
• Domino’s shares opened at $311.60, while analysts’ consensus rating was “Hold” with a $398.06 price target. The company missed its latest quarterly earnings estimate but reported 4.3% year-over-year revenue growth and announced a quarterly dividend of $1.99.

National Pension Service reduced its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 76.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,202 shares of the restaurant operator's stock after selling 4,009 shares during the quarter. National Pension Service's holdings in Domino's Pizza were worth $356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in Domino's Pizza by 34,175.6% in the 2nd quarter. California State Teachers Retirement System now owns 14,904,726 shares of the restaurant operator's stock valued at $4,412,395,000 after purchasing an additional 14,861,241 shares during the period. Soroban Capital Partners LP acquired a new position in Domino's Pizza during the first quarter worth $895,251,000. BlackRock Inc. acquired a new position in Domino's Pizza during the second quarter worth $715,704,000. Norges Bank bought a new position in shares of Domino's Pizza in the fourth quarter valued at $285,116,000. Finally, Van ECK Associates Corp lifted its stake in shares of Domino's Pizza by 937,192.2% in the second quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator's stock valued at $141,513,000 after buying an additional 477,968 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DPZ shares. JPMorgan Chase & Co. decreased their target price on shares of 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. Oppenheimer dropped 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. Weiss Ratings reiterated a "hold (c-)" rating on shares of Domino's Pizza in a research note on Wednesday, August 26th. Sanford C. Bernstein reissued a "market perform" rating on shares of Domino's Pizza in a report on Tuesday, July 21st. Finally, Benchmark reissued a "buy" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $398.06.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock opened at $311.60 on Monday. The firm has a market cap of $10.31 billion, a PE ratio of 17.67, a P/E/G ratio of 1.44 and a beta of 0.94. Domino's Pizza Inc has a 1 year low of $282.00 and a 1 year high of $458.27. The stock has a fifty day moving average price of $336.15 and a 200-day moving average price of $341.87.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts' consensus estimates of $4.17 by ($0.10). The company had revenue of $1.19 billion during the quarter. Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.81 earnings per share. As a group, equities analysts anticipate that Domino's Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

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 paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Domino's Pizza's payout ratio is presently 45.15%.

Insider Transactions at Domino's Pizza

In other news, CEO Russell Weiner sold 10,850 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly Garcia sold 12,430 shares of the firm's stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares of the company's stock, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 23,767 shares of company stock worth $7,737,107. Corporate insiders own 0.89% of the company's stock.

About Domino's Pizza

Domino's Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino's brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company's menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino's also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino's was initially known as Dominick's before adopting its current name in 1965.

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