Swedbank AB Raises Stock Position in Domino's Pizza Inc $DPZ

Key Points

• Swedbank AB has increased its stake in Domino's Pizza Inc by 22.5%, now owning 3,974 shares worth approximately $1.79 million.
• Institutional investors hold around 94.63% of Domino's Pizza stock, indicating strong interest from large asset managers.
• Domino's Pizza recently announced a quarterly dividend of $1.74, with a yield of 1.6% and a dividend payout ratio of 40.42%.

Swedbank AB increased its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 22.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,974 shares of the restaurant operator's stock after purchasing an additional 730 shares during the period. Swedbank AB's holdings in Domino's Pizza were worth $1,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DPZ. GAMMA Investing LLC lifted its stake in Domino's Pizza by 53,740.4% during the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after acquiring an additional 259,566 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in Domino's Pizza in the 1st quarter worth $110,348,000. Invesco Ltd. increased its holdings in Domino's Pizza by 32.9% in the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after acquiring an additional 200,622 shares in the last quarter. Bristol Gate Capital Partners Inc. purchased a new stake in shares of Domino's Pizza during the first quarter worth $92,085,000. Finally, Nuveen LLC purchased a new stake in shares of Domino's Pizza during the first quarter worth $45,344,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares of the company's stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on DPZ. Sanford C. Bernstein boosted their price target on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Melius began coverage on shares of Domino's Pizza in a research note on Monday, July 14th. They issued a "hold" rating and a $500.00 price objective for the company. Redburn Atlantic assumed coverage on shares of Domino's Pizza in a research note on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective for the company. Guggenheim raised their target price on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada cut shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $550.00 to $500.00 in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $490.78.

Domino's Pizza Stock Down 0.9%

Domino's Pizza stock opened at $424.96 on Tuesday. The firm's 50-day simple moving average is $455.97 and its 200 day simple moving average is $461.68. Domino's Pizza Inc has a 52 week low of $397.12 and a 52 week high of $500.55. The firm has a market capitalization of $14.43 billion, a PE ratio of 24.68, a P/E/G ratio of 2.35 and a beta of 1.09.

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

Domino's Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $1.74 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino's Pizza's dividend payout ratio (DPR) is 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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